Business Credit Card lines Lesson 1

Business Credit Card lines Basics Lesson 1

How to set up your business correctly without spending a ton of money on business credit service firms.

The first step is to become incorporated in respective state you will conduct business in. Due to the tax benefits and personal liability issues, I would recommend this option. I will get into this topic later. S Corp, LLC VS C Corp

Next the paper work begins. You will think of a name and conduct a Business name search. Contact the Secretary of State web site and search the database of names. Once you selected a name. Summit a request to reserve the name of your business that was selected. This process takes several weeks, to hear anything back from the State so stay cool. If your Business name has been taken you will be advised so " always have a second choice just in case the first name has been selected".

During the waiting period Check the fees that are required for the application.

Now the name verification has come back all clear and its time for you to summit the application. Make sure all lines have been filled out correctly because the Secretary of State will reject the application along with Articles of Incorporation. I will get into this topic later.

Contact the city your business is located in and summit a request for a fictitious Business name. Use the same name you selected for your corporation. Most likely all that will be required in this step will be an application, fees and a newspaper ad.

I know what you are saying what does this have to do with Business Credit, Business loans and business credit cards. Well it has a lot to do with it. You must crawl before you can walk and spend. So be cool and once we get into the next lessons it all will make sense.

You have just completed the Business Credit Card lines Basics Lesson 1

Thanks,
James W Roberts