Foundation

Are you CreditREADY^SM?

Build a Foundation for Your Business

Regardless of the credit or capital you seek, you need to start by building a foundation for your business. If you haven't incorporated you have seriously handicapped your business. You need to be a corporation (S or C) or LLC if you are serious about building credit or raising capital for your business. Without a corporation you are limiting yourself to personal loans. As a general rule, you need to separate your personal and business activities as much as possible. The first step is to incorporate.

You will give life to your business by establishing a credit profile for it, a profile that is separate from you and belongs to the business. The process of building the foundation for your company will help ensure that you have the fundamentals in place. The fundamentals include operating in a manner that lends legitimacy to your corporation. The business financing or credit industry has a standard of what a legitimate business should look like, if you don’t meet that standard you are going to be shut out of financing options. There are some business credit bureaus that promote the fact they do over 2,000 automated and manual checks on a business to ensure it is legitimate.  This is a major benefit to those granting credit.  So the next step is to build a CreditREADY^SM; business.  Starting pouring your foundation with our BCS-CreditREADY^SM; Program.

	Check Out Next Page

Continue Reading About Tier 1...