Business Creditusing You Tax Id...

Discussion in 'Credit Talk' started by Godes, Aug 18, 2002.

  1. Godes

    Godes Active Member

    WHERE CAN YOU GET CREDIT FOR YOU BUSINESS WITH OUT USING YOU SSN I MEAN ONLY USING YOU TAX ID NUMBER SO THAT YOU CAN BUILD YOU B USINESS CREDIT.

    PLEASE ADVISE
     
  2. creditwork

    creditwork Well-Known Member

    If your business is a sole proprietor probably nowhere. We did get business credit from AMEX and Advanta for CreditWorks, LLC. I have business credit with AT&T Universal for my consulting company. Also, you may want to try your business bank.

    www.creditsense.com
     
  3. Godes

    Godes Active Member

    how can i find out info about being a llc i want to incorp. that is what is seems will do it but i want to know what is the best to file and what all the paperwork involved is not to mention how long it takes. i need a bu siness loan for 3800 but my personal credit is not good so i need to know where to go... what was involved in your getting credit from advanta did you have to use you ssn or what and amex. please advise
     
  4. bigmon

    bigmon Well-Known Member

    I just started a new corp. and all the banks told me that for the first 3 years they run a personal credit check too.

    It takes 3 years to get a Dunn & Bradstreet rating.
    After that they told me they could use my Corp. EIN number only.

    It seems like a lot of banks got burned in the 1980's and have gotten tight.

    Let me know if you find otherwise.
     
  5. creditwork

    creditwork Well-Known Member

    We incorporated in New Jersey in '96. Here is what my sister did to inc.
    FORMING A BUSINESS:
    A) Corporation
    B) Limited Liability Company (LLC)


    Step Number 1

    Contact New Jersey Department of State/Division of Commercial Recording
    Fax # 609-393-8969 (request form needed)

    Step Number 2

    Choose 3 names (order of preference)
    Submit completed application

    Step Number 3

    Once the name has bee approved send â??recordingâ? fee:
    1. $100.00 State fee
    2. $30.00 CIS (Capitol Information Services/800-792-8827) fee
    For New Jersey â?? 172 West State Street
    P. O. Box 2041
    Trenton, NJ 08607

    Step Number 4

    Request â??Directorâ??s Kitâ? (Binder w/Company Stamp & Resolution documents)

    All State International
    Order Department
    1 Commerce Drive
    Cranford, NJ 07016

    Step Number 5

    Contact IRS â?? Request an â??SS4â? Form (Application for Tax Identification Number).
    Complete and submit â?? NO CHARGE

    Hope this helps.

    www.creditsense.com
     

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