BUSINESS CREDIT BENEFITS
Get Approved for HIGH-Limit Revolving Credit Cards in Your Business Name with No Personal Credit Check and No Personal Guarantee.
Get Your Business Credit Profile Quickly Setup and Activated with D&B, Experian, and Equifax Commercial Saving You Time and Money.
Access the Largest Supply of corporate Business Credit Sources to Get Vendor, Store, Fleet, and Cash Credit Linked to Your EIN and Not Your SSN.
Corporate Compliance Review to Ensure That Your Business Exceeds Credit Issuer and Lender Credibility Standards to Get Automated Approvals
Get Concierge Coaching and Servicing with Your Own Business Credit Advisors Who Help You Easily Navigate the Corporate Credit Building Process.
Monitor Your Business Credit with D&B and Experian Commercial in Real Time through the Credit Monitoring Integration Powered by Nav
Enjoy Our Business Credit Builder Program Risk Free with Affordable Payments and Our Iron-Clad, No Questions Asked, 120 Day Money Back Guarantee.
Repair Your Damaged Business Credit!
Fixing damaged business credit should be a top priority for you, the business owner.
Many business owners think they have items reporting on their business credit reports that really aren’t reporting at all. But over 90% of trade vendors don’t report to the business credit reporting agencies. So chances are good that the negative information you think is on your report might not even be there. But you should still know how to repair your damaged business credit.
Obtain Business Credit Reports & Know what’s on your business credit you should obtain business credit reports from the main business credit reporting agencies.
Business Credit reports are offered by:
You will 1st want to get a copy of your business credit reports to see what is being reported. So saving damaged business credit starts here!
The Fair Credit Reporting Act: Does it Have Anything to do with Damaged Business Credit?You might have already heard of the FCRA. The Fair Credit Reporting Act outlines consumer’s rights to dispute inaccurate information on their credit reports. But it’s essential to know that this law does NOT apply to business credit repair.
There are currently no laws which outline business owner’s rights regarding credit disputing. The FCRA also requires credit issuers to notify you of what bureaus they pulled your credit data from to determine your denial for financing.
In the business credit world this is not the case, you rarely ever know the source pulled your business credit or which reporting agencies they pulled it with.
Adding Credittude Credit Repairs’s Seasoned Tradelines to your credit profile increases your Scores up to 200 points and improves the quality of your Credit History permanently.
AUTOMATICALLY QUALIFY FOR:
WHY CHOOSE CREDITTUDE?
A lot of our clients have problems with inaccurate collection accounts hurting their credit. Either method will prevent your credit from being unfairly hurt. Always pay your debt, just be smart about it! Here are some tips that could help your credit.⠀
1) Do NOT pay off old collections. A better strategy is to first verify the debt is valid and confirm the debt is within the Statute of Limitations of your state. Next, instead of just paying it, you should factually dispute any inaccuracies of debt to have it removed from credit, then you can negotiate a settlement. ⠀
2) Try to get a "pay for delete" agreement where they agree to remove the item from your report in exchange for payment.
Here’s how purchasing a Shelf Corporation can benefit your business in a major way..
Who doesn’t want to be his/her own boss? Having your own business is pretty much fascinating. Researches have portrayed a large chunk of people, especially young adults, who are unwilling to work under bossy pressures and needless constraints that many organizations have to pose on them. So to get released from all of these stresses, they decide to start their own business. And when starting a brand new business, some self made entrepreneurs choose an option of starting all over from scratch on their own. But on the other hand, others seize some workable opportunities to hit on an attractive venture. To buy a Shelf Corporation is the most suitable option for the latter. Not only starting a new business, an aged shelf corp advantages you when it comes to expanding your existing business. In this article, will aim to discuss how buying an aged corporation can facilitate your business expansion and advantage its positive financial growth.
1) Acquiring Credit Ready Shelf Corporation
Most lenders and financial institutions don’t trust new companies and are therefore not willing to give a loan on most cases. The company that ages for a certain length of time is ready for financing. Most cases this is at least three years in business or more. Such a corporation is more likely to qualify for the loan as compared to a newly established corporation. The older the business is, the more confidence the financial institutions place in them and lend them the required funding. This corporate funding can help you expand your business just as you acquire a credit ready aged corp. So it’s pretty feasible to purchase an aged corporation rather than establishing a new one from the scratch.
2) Time And Cost Savings
You might not know anybody who doesn’t love their time and money. Everybody here is always short of time and money. Aged Shelf Corporations are best suited for such people, who are time and cost-conscious but need their own business too. Acquiring a shelf company saves you a massive cost that might increase if you buckle down to creating your company. Besides this; creating a new shelf corporation requires a huge lot of time and immense paperwork. (All of this fuss can be cut down if you decide to buy an aged corporation from Credittude Credit Repair.
3) Bidding On Government Contracts
4) Expanding outside your state of operationS If it is considered a success symbol to expand your company to multiple geographical locations, it is highly challenging too. To cope up this task for you, we offer aged shelf corporations where you wish to expand your company. Other U.S. states may have different tax systems or cheap labor or technology that you need for your company. Hence, if you wish to expanding your business in such a state, buying an offshore shelf company is a suitable option for you.
5) Attaining A Good Credit Score
A newly established business takes a lot of time to rank good on its credit rating. Whereas, the aged corporation that ages for some time can get a good credit score in a shorter time. That’s because such a corporation has already completed its infancy days and can now have a good credit rating. So it seems reasonable to have an aged corporation which is going to give you an attractive credit value as its owner. However, make sure that you buy aged corporation that does not have a bad debt history.
6) More Attractive to Investors:
The age of the company is what attracts the lenders as well as the investors. A shelf corporation enjoys this benefit of being an existent entity for an appreciable length of time. Therefore; it can not only attract better lenders but it also looks appealing to wealthy financial investors. They’re more confident to place their funds in a safer place and a aged shelf corporation suit them better! This makes the aged corporations have better access to the investment capital in comparison to a newly developed company.
7) Better Customer Confidence:
Just as a good reputation and age of a corporation matter to the lenders and investors, it is also an accepted fact in regard to the consumers. The consumers are more likely to place their trust in the business that has been in the market for a certain length of time. Newly developed business takes a long time to occupy a place in consumers’ minds and this task demand a lot of financial and strategic effort. Thus aged corporations excel in this regard too by winning the customers’ trust quickly and developing a healthy customer base.
8) Better Relationships With Financial Institutions:
As stated above, the age of an established corporation has a lot to do with the dealings with the financial institution. Similar to the significance of attractive business loans and investment, the owner of a shelf corporation is also able to develop intimate relationships with renowned banks and financial institutions. An older aged shelf corporation exists in the business world and assuming its existence, its owners feel more confident when dealing in its name.
9) Qualifying For Business Credit Cards:
Well-known financial institutions that provide trustworthy credit cards and business lines of credit often require the corporations to stay in business for at least two years. Then they have a chance to qualify for the business credit cards if only they meet certain requirements. However, this is not the case with an aged corporation. If you acquire a two to three years old shelf corporation, it will qualify for the credit cards when you meet some minute requirements by the financial institutions.
CONCLUSION: Bringing it to an end, if buying a shelf corporation or a credit ready aged corp has hundreds of advantages, care has to be taken when getting into such a deal. Contact us today at 1-800-998-3452 to get started with your very own shelf corporation!
As a business owner; you can easily secure the equipment you need for your company. One of the best & smartest ways to obtain the equipment you need is by using Equipment Financing Linked to your EIN, and not your SSN.
You can easily deduct the interest you pay on the lease & you won’t need a large down payment to be approved. This is one of the reasons over 85% of U.S. businesses use equipment lease financing to acquire equipment for their businesses. When you use Equipment Financing you can improve your company’s cash flow and increase capital period.
You can always keep your normal cash flow, leave your funds in the bank, avoid major out-of-pocket expenses incurred by purchasing the equipment up-front & benefit from multiple major tax advantages.
Equipment Leasing is one of the most common types of equipment financing available today in the industry.
When you lease equipment you will find most leasing options offer you fixed-rate financing. This means your interest rate and payments will stay the same from month-to-month during the term of your lease.
Whether you may need office equipment or large commercial equipment used for manufacturing; Equipment Financing is a perfect option for you and your business.
Equipment financing can additionally be used if you are starting a new business which needs equipment to operate.
There is typically no down payment required on equipment leasing loans. The lender will collect one to two of your monthly payments upon approval.
This amount of money required is usually equal to 4-8% of the total equipment cost.
You will have low monthly payments available. And your payments can be tailored to fit your company’s individual needs.
You can also include your taxes and other charges such as installation charges into your new equipment lease.
Equipment loans are always perfect for any type of business owner looking to purchase equipment.
How Rich Do You Really Want To Be?
Have you ever thought about what you would really purchase if you were rich for real, for real?
Not only the cars and houses, but also the entourage you might have, the food you eat, the entire impact to your social life.
No joking around, it would be totally awesome to be super rich!
Be honest, what you are doing now potentially making you rich? Can it help you to become wealthy?
Do you truly LIKE & LOVE what you do?
Do you offer what is HIGHLY sought after by others?
If your final answer is “yes” to all of these questions you are well on your way to massive success and wealth!!
But if you answered no; you may possibly need to readjust your course to lead you to a happy life full of the results you’ve been working for and deserve to have.
That course readjustment might simply be to add a new product that you can answer “yes” to these questions with, something people really want and will gladly pay for. A lot of something you may be able to help others with and love offering, and also something that can make you a lot of money that you can use for your own writer’s room or other things which will automatically lead you to a fulfillment and long joyed life.
Would you believe us if we told you that credit card interest rates in other countries are over 150%?
Rates that are this high is common in countries where the regular credit systems is not well developed. For example; in Brazil where the credit interest rates have averaged over 300%, certain aspects of credit reporting that are taken for granted in the U.S. credit system have not historically been allowed at all. The rules are changing, though, which is commonly expected to bring the high interest rates all the way down.
The point is, with no credit reporting to speak of; the only thing banks and lenders can do to protect themselves in the long run would be to charge outlandish rates. As credit reporting systems are developed and credit reporting practices take hold, the interest rates eventually come down because banks and lenders have a better handle on the RISK associated with a given borrower.
In the United States Of America the credit system is far from perfect. Privacy & consumer protection concerns often lead people to believe that the system as a whole is a big problem. But in reality; without the data collection, tracking, and reporting practices of a functioning credit system, loans and credit would quickly become unbearably expensive.
The reason we can get credit cards with reasonable terms–the reason we can get lines of credit, personal loans, business loans, and more–without breaking the bank, boils down to the fact that we have a fairly efficient and well-functioning credit reporting system at the end of the day. Control your credit - secure your future!
A business entity could be a commercial, corporate and/or other institution that's formed and administered as per commercial law in order to engage in all business activities, most often for the sale of a product or a service. Basically, an entity is what allows you the ability by law to conduct business legally.
There are various types of business entities defined in the legal systems of many countries. These include cooperatives, corporations, sole traders, partnerships, limited liability companies and other specifically labelled types of entities. Each country in the world has its own type of certain entities that's filed for so a company can be created and operate.
A Sole Proprietorship which is one of the common for beginners; is a business that is consisting of a single owner, not in a separately recognized business form. A sole proprietorship, which is also known as a sole trader or simply the proprietorship, is a type of business entity that is owned and run by one individual or 1 legal person (e.g. corporation, LLC) and in which there is no legal distinction between the owner and the business. Basically, the person IS the business 100%.
The business owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all of the losses and debts. Every asset that is in the business is owned by the proprietor and all debts of the business are the proprietor’s 100%. It is a “sole” proprietorship in contrast with partnerships (which have at least two owners). With a sole proprietor YOU are liable for your business debts because YOU are the business.
Often times; A General Partnership is a partnership in which all the partners are jointly liable for the debts of the partnership. It is a partnership in which partners share equally in both responsibility & liability. Liability for business debts is exactly the same as a sole proprietorship. The only difference is that they're multiple “partners” involved instead of just one person.
The assets of the company are owned on behalf of the partners, and they are both personally liable jointly for company debts, taxes and liability. For example, if a partnership fails & defaults on a payment to a creditor, the partners’ personal assets are subject to attachment & liquidation to pay the creditor unfortunately.
By default, profits are shared equally with the partners. With that being said, a partnership agreement will almost invariably expressly provide for the manner in which profits and losses are to be shared. Each general partner is deemed the agent of the partnership. Therefore, if that partner is apparently carrying on partnership business, all general partners can be held liable for his dealings with third persons.
A Limited Partnership is a partnership where at least one partner has unlimited liability and one or more partners have limited liability. A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs) there are one or more limited partners. It is a partnership in which only one partner is required to be a general partner.
Like shareholders in a corporation, limited partners have limited liability. This means they have no management authority and are only liable on debts incurred by the firm to the extent of their registered investment.
The GPs pay all of the LPs a return on their investment (similar to a dividend), the nature and extent of which is usually defined in the partnership agreement. General partners thus carry more liability at times, and in cases of financial loss, the GPs will be the ones which are liable. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. In some jurisdictions, the limited liability of the LPs is contingent on their not participating in management.
A Limited Liability Partnership is a partnership where a partner’s liability for the debts of the partnership is limited except in the case of liability for acts of professional negligence or malpractice. In some states, LLPs may only be formed for purposes of practicing a licensed profession, typically attorneys, accountants and architects. This is often the only form of limited partnership allowed for law firms (as opposed to general partnerships).
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It, therefore, exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. This is an important difference from the traditional unlimited partnership, in which each partner has joint liability. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation.
A Limited Liability Limited Partnership is a combination of LP and LLP, available in some states. The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. An LLLP is a limited partnership and as such consists of one or more general partners and one or more limited partners. The general partners manage the LLLP, while typically the limited partners only have a financial interest.
The difference between an LLLP and a traditional limited partnership lies in the general partner’s liability for the debts and obligations of the limited partnership. In a traditional limited partnership the general partners are jointly liable for its debts and obligations; limited partners are not liable for those debts and obligations beyond the amount of their capital contributions.
A Limited Liability Company (LLC) is a form of business whose owners enjoy limited liability, but which is not a corporation. A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation; it is a legal form of company that provides limited liability to its owners. LLCs do not need to be organized for profit.
In certain US states, businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but required to form a very similar entity called a Professional Limited Liability Company (PLLC).
A limited liability company (LLC) is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC, although a business entity, is a type of unincorporated association and is not a corporation.
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation, and it is well-suited for companies with a single owner.
A corporation is a separate legal entity that has been incorporated either directly through legislation or through a registration process established by law. Incorporated entities have legal rights and liabilities that are distinct from their employees, shareholders, and members, and may conduct business as either a profit-seeking business or not-for-profit. Despite not being human beings, corporations, as far as the law is concerned, are legal persons, and have many of the same rights and responsibilities as natural people do.
A corporation may be either a Subchapter S Corporation or a C corporation. An S corporation is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any federal income taxes. Instead, the corporation’s income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
S corporations are ordinary business corporations that elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes. S status combines the legal environment of C corporations with U.S. federal income taxation similar to that of partnerships. Like a C corporation, an S corporation is generally a corporation under the law of the state in which the entity is organized.
Taxation of S corporations resembles that of partnerships. As with partnerships, the income, deductions, and tax credits of an S corporation flow through to shareholders annually, regardless of whether distributions are made. Thus, income is taxed at the shareholder level and not at the corporate level.
C corporation refers to any corporation that is taxed separately from its owners. The C corporation is distinguished from an S Corporation, which generally is not taxed separately. Most major companies (and many smaller companies) are treated as C corporations for U.S. federal income tax purposes.
Professional corporations are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants, and physicians. Legal regulations applying to professional corporations typically differ in important ways from those applying to other corporations.
Doing Business As (DBA) denotes a business name used by a person or entity that is different from the person’s or entity’s true name. Filing rudiments vary and are not permitted for some types of businesses or professional practices. DBAs can also be sole proprietorships or can be used by corporate entities to reserve “brand names”, such as those of chain stores owned and operated by a holding company or other “umbrella”.
The phrase “doing business as” (abbreviated DBA, dba, d.b.a. or d/b/a) is a legal term used in the United States and Canada, meaning that the trade name or fictitious business name under which the business or operation is conducted and presented to the world is not the legal name of the legal person(s) who actually owns the business and is responsible for it.
Choosing the best entity for your business is essential to get the best tax benefits while reducing your personal liability.