The Small Business Tax Help Blog

Posts Tagged ‘blog’

Question: what is the quick and easy way to build business credit with My EIN Number?

I have a small cleaning business that i am trying build credit with My EIN Number

Answer: A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.

Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.

Good luck,

Ilya Bodner

Small Business Owner

Initial Underwriting Group

Der USA Bären-Thread

1. Der USA Bären-Thread 59271 Postings ausgeblendet. 59273. Ambrose zum Griechenland-Bailout .... Sources in Washington say Greece can expect to borrow from the IMF at around 3.25pc.

21 Jahre - Ein Blick darauf [Deutsche Untertitel]

Question: Is this the best way to do a start up business?

I’ve been trying to start up a business for the past two years now. Initially, I wasn’t very focused but did manage to meet all the necessary requirements (business registration, sales tax ID, EIN etc.)

The recent downturn in the economy forced me to start thinking more seriously about my business. I am thinking about selling human hair online but don’t have the money to purchase the hair upfront. (Also, I don’t want to invest too much money in purchasing the hair and then run into a problem moving the product.)

My strategy is to put up my site, advertise and wait for orders before buying the hair in larger quantities. In the meantime, I’ve spent about two months performing thorough research and used what little money I had to purchase samples of the hair from various suppliers to test the quality.

I’ve found a supplier so now the next step is to get customers.

Is this a risky way of starting business? Or am I on the right track with my strategy?

Answer: Amazon founder Jeff Bezos (?) started by getting orders and then running down to local bookstore to buy the book at retail price and then ship it out at a loss. That's not the recommended way to start a biz, but it worked for him!
Your plan seems okay to me - line up suppliers, verify quality, find customers / get and ship product. A tricky part of that is finding the customers - there's much more to selling online than just putting up a website. You have to find a cost-effective way to get the word out. I don't know a thing about human hair wigs / extensions, but is that something that you can do on eBay? If you're looking to set up your own website, look into the different packages / templates on GoDaddy.com.
Also, check out StartUpNation.com - there is a LOT of info on there.
Good luck!

Kursverdoppelung bei Internet Capital

1. Kursverdoppelung bei Internet Capital auf Sicht von sechs Monaten mit hoher Wahrscheinlichkeit. Denn sehen wir uns einmal die momentane Lage an:

Microbot for swimming in small arteries: The Proteus