“Just like you have personal credit, your business also has the same opportunity to establish credit; separate from your personal credit profile...”
There are 7 things you need to start to establish business credit. It’s imperative that you set your business up the correct way to build credibility
Here are a few of the things.
1. Open up a LLC by registering your business with the state & obtain your EIN with the IRS
2. Set up a business address. NEVER use a PO Box, UPS store or your home address.
3. Set up a business phone number. I suggest getting a 800 number. Toll free numbers are a sign of business credibility.
As you grow your business’s credit history, you will be able to get accounts with Home Depot, Best Buy, Apple and even auto loans. You will qualify for a company car and up to $100,000 in business credit cards.