Though I currently have 3 LLCs for my different businesses, I have stupidly been using my PERSONAL credit for most EVERYTHING in the past; a lot of my real estate, cars, loans, etc. I recently started looking into building business credit & wanted to share a great resource I stumbled upon: mybusinesscreditblog.com.
I poured through this guy's blog for hours and got a really good quick education on dos and don'ts. He warns against specific scams (tons out there now), how to work with DNB (Dun and Bradstreet) without paying more fees than you have to, who will report positively to your acct, buying shelf corporations, etc. Of course he is also selling his eBook, but I'm buying it. Seems like a reputable guy who knows his stuff and is actively involved in the changing business credit climate. Not one of those who regurgitates a little teaser info & tries to upsell you on other products or services.
I'm seriously excited 'cause some car manufacturers allow you to use your business credit to lease cars. Mercedes being one of them! Having bought 2 and leased one under my personal credit, I'm stoked about putting the next one on my business credit instead. (Mama's getting the new S-class HYBRID for the next family truckster when my lease is up). woohoo!
Also-other co's that extend credit are Dell, Staples, etc. And for the fellow MACs out there, Apple goes off of your business credit as well! Gonna start leasing my macs under their corporate program rather than throwing away old macs that I've bought when I wanna upgrade to the latest stuff. (& the leases are full tax write-offs. Yay!)
Could be a great way for other Fastlaners to build credit, jumpstart their companies and get supplies, loans, etc. :great:
Has anyone here built business credit and want to share info/tips/experiences?
I poured through this guy's blog for hours and got a really good quick education on dos and don'ts. He warns against specific scams (tons out there now), how to work with DNB (Dun and Bradstreet) without paying more fees than you have to, who will report positively to your acct, buying shelf corporations, etc. Of course he is also selling his eBook, but I'm buying it. Seems like a reputable guy who knows his stuff and is actively involved in the changing business credit climate. Not one of those who regurgitates a little teaser info & tries to upsell you on other products or services.
I'm seriously excited 'cause some car manufacturers allow you to use your business credit to lease cars. Mercedes being one of them! Having bought 2 and leased one under my personal credit, I'm stoked about putting the next one on my business credit instead. (Mama's getting the new S-class HYBRID for the next family truckster when my lease is up). woohoo!
Also-other co's that extend credit are Dell, Staples, etc. And for the fellow MACs out there, Apple goes off of your business credit as well! Gonna start leasing my macs under their corporate program rather than throwing away old macs that I've bought when I wanna upgrade to the latest stuff. (& the leases are full tax write-offs. Yay!)
Could be a great way for other Fastlaners to build credit, jumpstart their companies and get supplies, loans, etc. :great:
Has anyone here built business credit and want to share info/tips/experiences?
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