Sunday, Feb. 5, 2012

Business Credit Journey 2010 – Step 1

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June 23, 2010

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I wrote a couple weeks ago that I will be starting to build business credit from scratch and I will be starting today. So the first corp we will be working on is a texas corp. I will be incorporating the business entity today. This should take 24-72 hours. Once that is done I will get the tax id, duns number and phone line. We will be getting DNB credit monitoring and business credit builder since it is now $69 a month. I am incorporating in Texas because I am doing this corp for a friend of mine who lives in Houston. I personally prefer New Mexico, Florida and Delaware but he prefers not to get a virtual office and all that jazz.

On my contact information, my travelling caused me to temporarily stop taking calls, but I will be back on by the end of the week.

Marc

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About Author

Marc Augustine

Marc Augustine is a blogger, entrepreneur and business credit expert.

(6) Readers Comments

  1. RM
    June 23, 2010 at 11:16 pm

    Do your thing and keep me posted!! RM

  2. AL
    June 25, 2010 at 3:34 am

    What's up Mark? You mentioned virtual office, I thought that virtual offices aren't a good option for building business credit? I have read about this from other credit guru's.

  3. BJ Norman
    July 27, 2010 at 11:04 pm

    Very informative site...I found my way here looking to find out more about the actual process of selling Shelf Coporations.

  4. Twanesa
    August 17, 2010 at 2:14 am

    What is the process for incorporating?

  5. CJ
    August 25, 2010 at 9:34 pm

    Why do you prefer New Mexico, Flordia, and Delaware for corporations? What about Nevada and Arizona, I have heard that they are good to work with.

  6. mike
    August 25, 2010 at 9:45 pm

    fl is cheap..no state income taxes and its easy to find affordable non-flagged virtual offices delaware is similar NM llcs do not have a yearly fee Nevada lost their privacy advantage recently and they are scrutinized more in underwriting...

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