Eight steps to establishing your business credit. Incorporate your business. Obtain a federal tax identification number EIN . Open a business bank account. Establish a business phone number. Open a business credit file. Obtain business credit card s . Establish a line of credit with vendors or suppliers..But how can you build business credit if your personal credit is poor? Incorporate your business or form an LLC limited liability company ... Establish your business credit. Incorporate your business or form an LLC limited liability company . Get a federal employer identification number EIN . Open a business bank account. Get a dedicated business phone line. Register with Dun Bradstreet to get a D U N S Number..First, once you form your LLC, it will recieve all kinds of solicitations for credit What you need to do is build a credit history for your business just like you did for .Fortunately, building business credit is more of a science than an art. An LLC makes it easy to establish business credit, but it s easier and .
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Use your LLC name and EIN number to register at business credit agencies. The major agencies are Dun Bradstreet, Equifax and Experian. It is free to register and takes only a few minutes on each of the websites, "registration" buttons..
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