How to Get Corporate Credit Fast

Get business credit cards.

It is virtually impossible to run a business without credit because you need working capital to pay your employees. Obtain credit fast as it will get your business off the ground so that you make a profit as soon as possible.

Things You'll Need

• Articles of incorporation
• Corporate status
• Corporate bank account
• FEIN number

Instructions

Instructions

1. Write articles of incorporation. The document shows the names of the people in the corporation and the intent to form a corporation.

2. File the articles of incorporation with the office of the secretary of state. Notify the secretary of state if you change anything in your articles of incorporation. The law treats corporations as separate entities with the ability to issue contracts and assume financial responsibilities.

3. Obtain a Federal Employer or Business Identification Number from the IRS.

4. Open a business bank account, Register your company with credit bureaus such as Experian and Trans Union. Get a business credit card.

5. Find a friendly local business to issue you goods on credit. Pay for goods before the due date. Apply for a small business loan.

Tips & Warnings

• Corporation status is good for the financial health of your business.The law regards your corporation as a separate entity which means you personal and business finances are separate.

• Never default on local trade credit if you want to stay in business.

References

• Types of Business Entities in America
• IRS: Corporations