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Good Question,
Establishing Company (corporate) Credit was a huge question for me when I started the business. I searched and searched until I came across D&B. I think for $249.99 they will establish a credit profile for your company. See the problem with Vendors and people you do business with is, they never report your good standing and prompt payments to the credit bureaus, they only report the negative stuff, like late payments and past due amounts. When you create a profile with D&B you can list all your vendors, and they will contact your vendors as to see if you pay on time or are always late.
One of the draw backs in establishing business credit is if you are a sole-proprietor, you are still using your social security as your FED TAX ID,
What I would suggest is Incorporate, Get a FED TAX ID for your corporation this way you can use the FED TAX ID instead of your SOCIAL
Thanks for responding. I, too, was really interested in hearing the answer to that question. I think this D&B is a great idea.
Are they the only company of this sought that does this type of thing?
