Building Business Credit with a Shelf Company

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There are a lot of reasons to buy a pre-packaged shelf company – ease of use, simplicity and the ability to get started fast with no hassle.  If you need a company in a hurry, a shelf company might actually even be cheaper than starting a brand new one from scratch and paying all the expedite fees to get it done.

Another big benefit of a shelf company is that the beginning date of the company will be earlier and that could actually help you build business credit.

As soon as you get your shelf company, register it with Dunn & Bradstreet and get it set up to start tracking business credit.  The next steps involve building business credit in the name of the business.  Too many times business owners build their business using their own credit.  And you may need to do that in the very beginning.  But if you consistently work at it, you should be able to have separate credit without your personal guarantee required within 6 – 18 months.

One of the smart people regarding business credit is Marco Carbajo.  Go to Twitter.com/MarcoCarbajo to read some of his insightful posts on building business credit.