I will assume that this is a new home based business. Do understand that lending institutions look at a home based business a little more carefully than usual. So you want to make your case (file) very strong.
Think about this, if you have a home based consulting business and a bank lends you money. How easy would it be for you to just pack up and leave – defaulting on the loan. So it stands to reason that you should choose a business that is viewed as low risk by lending institutions. This brings me to the subject of SIC codes. SIC stands for Standard Industrial Classification. Basically every type of business can be classified by these codes so different businesses reflect a different SIC code.
The main point is to choose a business that has a low risk SIC code. By the way, just this tip is worth its “weight in gold”. Many business credit consulting gurus will tell you to classify your business as “General management” or “Business management” , a generic name. I really believe that this will harm your efforts in the long run. The nature of the business — its corresponding SIC is a big part of developing a solid foundation for business credit development. Your aim should be to develop your business file so you can get CASH lines of credit without any personal guarantees. No Personal guarantees means that you should not have to use your personal credit for the purpose of getting business credit. Many will tell you that this is an impossibility in this economy. Well it is rare but not impossible. Plus remember that just because you are asked for your SS# does not automatically mean that your credit is pulled. I will go into that in detail later.
So what is a low risk SIC. Try to find out which types of businesses your state is giving grants/aid to. Follow the stimulus money. If the government is willing to help a certain type of business than you know that business has a “good” SIC code.
Make no mistake about it a good SIC code can make all the difference if you want great business credit.
Always remember, a good website designer does not automatically become a business credit expert/guru.
Please feel free to ask me any questions if you want further detail. I will expand on this specific topic if anyone has further questions. Otherwise we discuss the rest of the steps.
http://www.ucc-1credit.com/articles_1
April 22, 2010 at 1:46 am
what if you already have a business that’s set up as an marketing/advertising company, limited liability company could you incorporate this company? if so will it start the date of business over? or should you just start a new business. Also, this company has an 80 paydex score
April 22, 2010 at 2:18 pm
Hello:
Good question:
I would suggest to keep your company and open a new c- corp with a good SIC code . A c- corp is the ideal structure for business credit.
You also have an option of using your LLC to open a new corp. Business can open and own another business.
The main points: Your current LLC does not have the “best” SIC code. Open a c corp and build the credit of both companies. Finally, a good paydex is just the start. Never start applying left and right after getting a 80 paydex using PGs.
You will be amazed how most can develop tremendous credit strength with the proper know- how and very little money.
Hope this helps. Stay tuned. I will have many more articles coming up.
Aimanzul
May 31, 2010 at 12:29 am
need that UCC e book! just paid online- help!
I want to start filing on tue! ko- Hoopties214@gmail.com or Brandie@Mouchebiz.com thanks fornyour help!
May 31, 2010 at 6:36 am
I just send you can e mail. Please check.
April 22, 2010 at 3:28 pm
by keeping my company and opening a c corp will it start the date over? also; what r some busineses u can start that are good sic codes; the reason i ask is because as most people my focus for business credit is realestate, to keep opening business and generating no income doesn’t help when u have no income to report.
April 22, 2010 at 6:18 pm
The new company (even if it is owned by the old llc) would have to stand on its own two feet – so to speak.
The date of the new corp will start from the date that corp was opened BUT there are ways to age a corporation. MORE THAN ONE WAY. One way is UCC filings. If used in the proper way they can do a lot more than just age. This actually is one of the secrets of shelf corporations and people are making tons of money.
As far as SIC codes – well i would like you to do your own research really. I do not usually do this but – Software development could be a good example. Better examples would be most business that require some type of licenses. But you should look into this. It is a little more complicated and you have to look at the months to come.
As far as the income etc – it is very difficult for me to answer all the questions in detail. All I can say now is that there are ways “around” all this and all this is legal. Corporation (large corps) do it everyday without breaking the law.
Stay tuned and I will address all these issues in time.
Thank you.
Aimanzul
June 11, 2010 at 3:05 pm
Businesses that have good SIC codes, follow the stimulus money and you’ll see what industries are being funded and you could start there. For example, Health care, medical supply etc…
June 12, 2010 at 6:28 pm
why are you letting secrets out !
May 2, 2010 at 3:16 pm
Does changing the name of your company re starts the effective date? would this be a negative with D&B? The corp is not listed with D&b YET
May 3, 2010 at 11:13 am
If the EIN number (etc) is the same the change of name should not restart anything.
HOWEVER I would not recommend changing the name of a business just like I do not recommend changing the address. You can add an address……For this, keep it simple, DO NOT change the name.
May 3, 2010 at 10:31 pm
The reason for the name change is because the original name has Home Finance attached to it. This will automatically raise red flags in the future once I begin to try to apply for credit. During these tough economic times, I think that it would be tough to get credit with that name.
May 3, 2010 at 11:37 pm
how old is this business ?
May 4, 2010 at 10:59 am
The business was establish in 2007 and i Have never registered it with D&B so I do not have a profile with them yet.
May 4, 2010 at 2:29 pm
The final decision is yours of course. Do understand that registering business with D&B does not mean that your business history starts from the registration date. The name of the business is a part of the history of that business. D&Bs job is to find out everything. If the name has been attached to the business since 2007 I think it is safe to say that it will show up. Nothing is 100%. I just like staying on the safer side.
Aimanzul
May 4, 2010 at 4:59 pm
I really appreciate your response to my situation. My question to you is, Will the Home Finance name hender my ability to obtain credit in the future as I am trying to build business credit? I have yet to obtain an SIC Code, so I know that my corp might be on the high risk side.
May 4, 2010 at 7:33 pm
I believe that it will hinder so don’t take a chance. I think your main concern of starting a new corp is the “age” of the new corp. Remember there are ways to age a corp, using UCC filings etc. So I suggest that you start a brand new corp and just “age” the corp. Aging it “back” about two years should not be a problem. Plus now that you seem to know more about business credit you can start off doing everything right for business credit purposes.
Aimanzul
May 4, 2010 at 9:35 pm
Sounds like a plan. Finally, I’m am planing on purchasing the ebook about using UCC’s to build credit, would this ebook be helpful for this purpose? I try to follow what Gboogie says in in webinars but it would help if I have the ebook. I’m guessing?
May 4, 2010 at 9:58 pm
You know my answer to that- lol.
At the end it is your decision.
Good night for now.
June 11, 2010 at 6:57 am
Choosing a business with a low risk SIC code dfinitely sounds to be just the right approach.
Borrow money | Quick quid
June 11, 2010 at 3:16 pm
Many people just don’t know which business or industries have low SIC codes.
June 12, 2010 at 8:03 pm
Just wanted to help.
June 12, 2010 at 8:42 pm
Any secret tips or private information on real estate investing? Any knowledge or have you written about this topic?
June 13, 2010 at 7:16 am
I will put an article today on taxes etc. Yes I did write something on Real estate ….lets see.
June 13, 2010 at 12:17 pm
I Look forward to reading the article.
June 15, 2010 at 10:49 am
Does PRBC report to all 3 major credit bureau’s? Would the trade information that I report to PRBC show up on my credit reports?
June 15, 2010 at 11:06 am
PRBC itself is an alternative credit reporting agency ….
June 15, 2010 at 11:44 am
Really? Are lenders required to pull reports from PRBC as well as the big 3 or would I have to request that they Pull my PRBC file if I’m applying for a mortgage?
Thanks
June 15, 2010 at 4:55 pm
Interesting question. i might write an article on this . If you have made payments THROUGH companies that report to PRBC you will have a file with PRBC. Paying your PSE&G bill is a good example.
If you apply for mortgage loan you can always site a PRBC report as proof of another credit payment/reference/trait line. At the end of the day underwriting is a human process and a good PRBC report will certainly be a plus. The way i figure, if you are serious about building your credit and just have to make regular payments to certain places (like PSE&G) than why not set it up in a way that the payment history benefits you ….
In fact to me the whole concept of credit is this: Our country is build on credit, that can be an advantage and a disadvantage (as we can see with this current economy). So we have two choices; either complain about it or use the power of credit to our advantage……and boy can it be a great advantage.
Your aim should be complete financial independence, cash flow coming in every month that you really do not have to work if you chose not to….
June 15, 2010 at 6:27 pm
I have purchased many personal and business credit products including yours over the past few months. I am very interested in credit building. I had never heard of PRBC until you and mentioned it. I wanted to learn more about it. My ultimate goal is to use credit as leverage to build wealth. I’m still working on the cash flow part, I think real estate investing will provide the cash flow. Thanks for the information.
June 16, 2010 at 10:10 am
Debt (used the correct way) can lead to cash flow…go for it
June 16, 2010 at 11:26 pm
Have you ever heard of SUB PRIM MERCHANDISE CARDS? These are revolving accounts that report to all three credit bureaus. One company I found has an offer; you can get a $5,000 credit limit by paying a one time fee of $250 or you can get a $10,000 credit limit for $500. They report every month but the catch here is that you can only use the credit cards to purchase merchandise from the online store only. Pros, Cons?
June 17, 2010 at 8:31 am
Again good question. If you have a secured card for a $1000.00 you have to put in $1000.00. If you have one of those sub prime merchant cards you have to put in just a portion to get a higher credit limit and that looks better on your credit (a higher limit).
On the other hand you have to use that card at some point (some activity)and most likely you will end up spending more for that item than you usually would (much like business vendors that report , like Graingers etc) and that is the cost.
As with everything find out ALL the fees, if there is a pre penalty for anything and if that card reports to all credit agencies etc.
June 17, 2010 at 5:59 pm
Your site is very informative for a guy like myself. I feel very fortunate to have linked up to your site along with Gboogie. Why do you guys advertise this information to the masses? If this information gets in the hands of the wrong people, they could screw the game up for all of us serious business professionals.
June 18, 2010 at 12:14 pm
Thank you. What will really count is if you can make it work for yourself.
Why do we? Well I feel that the people that will be ahead will find a way no matter what (this way we can be the channel for them – our contribution). As far as the others, they can have all the info infront of them and they will still find an excuse not to carry through.
Plus the “game” never stops it just changes and it ALWAYS changes…….just stay ahead.
June 26, 2010 at 4:58 pm
I saw your message on the ping box today…was really busy with something else.
Look at it this way, you are being offered Shelf corps, people are selling shelf corps….i say YOU CAN BUILD Shelf Corps and people will pay you. If you don’t want to sell you can use it for your benefit. I just can’t see how you can lose. At the end only the individual can make it happen…..we all had to learn it.
June 26, 2010 at 11:56 pm
I agree, I will be purchasing your product to learn how to build shelf corps. I know that it’s big business in Nevada. I’m trying to learn as much information to build with using biz credit. How about the real estate Pdf? Lots of info on investing in real estate?
June 27, 2010 at 6:53 am
The real estate pdf is really basis real estate investment. How to start in real estate. Having said that I know people who, stick to “basic” real estate and have accumulated great assets/wealth over the years. They do not want the headaches that come with any other aspect of real estate and have still done great. One of them has been doing it since early ’80s.
The main attraction is the Shelf Corp book.
June 22, 2010 at 10:47 am
Just doing this to get updates.
June 22, 2010 at 8:09 pm
There is something coming up actually ……soon.
http://ucc-1credit.financial.officelive.com/EXTRA.aspx
Aimanzul
June 27, 2010 at 10:39 am
Biz credit looks to be a very exciting business to work in. Is that all you do? Or do you offer other products and services?
June 28, 2010 at 5:17 am
Yes we do. ..Will come out in time .
August 26, 2010 at 11:25 am
Dear Aimanzul,
Thanks for the great information. I have a few questions that may be redundant to the information that you ahve already presented. Do you think that a staffing service that provides staff for events may be a good SIC code. We do supply all fo the staff with appropiate tools to perform the job waiters/waitresses, bartenders. I am worried that it may raise a flag as it may come across as a “pack up and go” type of business.
Also we havent organized our business legally as of yet so Im in limbo between LLC and Corporation (Ohio) because we arent doing frequent/regular business, and I don’t want to get his with some type of assumed tax.
Any suggestions?
I also want to have this business as a subsidiary under a parent so I can have diverce businesses later on.
Thanks for the assistance!
August 30, 2010 at 11:01 am
Very sorry that it took me so long to reply. I was not feeling well for days.
First ALWAYS think in line of S corp or C corp not an LLC
That business is a decent SIC code. – yes.
You can have the business under a parent business but than make sure that the parent company is also set right for business credit purposes because than the ‘eye’ will not only be on the staffing business but also the parent company. In fact setting up a company with great business credit and than opening up another company as a subsidiary to help the new company with establishing quick credit is what I advocate.
Feel free to ask me any questions any time. Let me ask you how long have you been in this staffing company ?
August 30, 2010 at 2:24 pm
I have years of experience in doing this… I have my outline in progress as to establishing business…
EIN, Website, Tel number…
on to the bigger things, Incorporating, D&B, Bank Vendor’s, etc….
We have started doing some accounts and things and we’re excited. I will get back with you, as I will be getting a subscription to the “site” and anticipate to either dealing with yourself or GBoogie directly.
If so, I would personally like to “consult” with you off the site.
Thanks for the Information!
PEACE
August 30, 2010 at 4:25 pm
Remember ideally form a c – corp
If you want a subscription to the site I can get you a discount. Just let me know.
August 30, 2010 at 2:28 pm
Also, im at a stump…I dont feel as if I have a need for a physical location for business as of now but things are slow so I have already ordered catologs, and am listed in directories under my home address. Do you feel the necessity for a virtual office or to actually spend money (that I dont have- may be a writeoff) for office space?
thanks
August 30, 2010 at 4:33 pm
NO virtual office. That is a no no.
Ideally a separate office space in a commercial place. If you can not do that for now have a home based business but have everything separate , a BUSINESS mail box, business land line etc etc . It should be clear that your biz and personal activities are completely separate.
By the way membership to the site, purchase of the Shelf corp book or the Gold package all can ensure that you will deal with us on a one to one bases. Customer service should be the least of your concerns.
August 30, 2010 at 5:15 pm
Thanks for the timely reply. because I was just thinking of doing the whole virtual office in my area with some “Entrepreneur Incubator” building. they offer a virtual office with an addy, tel access, and weekly office space. they also offer office space in the same commercial business so i figured it would suffice as an address.
Also, if someone’s credit is like in the mid 600’s. would it be wise to incorporate as we know some companies PG
August 30, 2010 at 5:33 pm
Virtual offices are a thing of the past as fas as business credit goes. It would be wise to have a strong personal credit profile to go along with your corps. A personal credit score in the 600’s is not that great, just make sure that your using some of the personal credit building tools that Mr. Aimanzul provides to build up the score, they really do work. I am currently building up my credit profile.
Just wanted to chime in.
August 30, 2010 at 7:11 pm
Al did you get a chance to register to that site I mention on the ARTICLES page (in the News Updates). That can help with personal credit building. register just as it says in that note that I wrote.
August 30, 2010 at 7:09 pm
Also do not get one of those cubical spaces that some rent out .
Good personal credit does not hurt but I rather u stay away from PGing anything. By the way do register on that website that I mention on my site. Register the way I mention in the note that I write….that can possible help build personal credit in the future.
August 30, 2010 at 7:32 pm
I tried to register on the site but it is asking me for my business information and unfortunately, I am still waiting on my Duns number so it would not let me register with out the full details of my business information.
August 30, 2010 at 8:30 pm
you have to register the way I explained …..on the POP UP on the right hand side of the site when it pops up……so before going to http://www.stntsol.com – disable the pop up blocker. That part will not ask you all that. Try again
August 30, 2010 at 7:52 pm
@register on that website…
Same here…I haven’t done the DUNS thing either so…..???
August 30, 2010 at 8:30 pm
Register the way I explained …..on the POP UP on the right hand side of the site when it pops up……so before going to http://www.stntsol.com – disable the pop up blocker. That part will not ask you all that. Try again
August 30, 2010 at 8:33 pm
Once you entered the code, name, co, email and phone – that is sufficient you do not have to enter the rest. The code: GBCDT is what will do the trick.
October 1, 2010 at 12:14 pm
Hi, I just bought the gold package. How is it going to be reported to experian and or DnB?
October 1, 2010 at 4:50 pm
If you bought the package than I should have asked you your company info. That is how we report it to Experian. Under what e mail did you purchase the package (e mail entered in paypal when purchasing) ? Plus when it you buy? I will look into it…Thanks
October 1, 2010 at 4:52 pm
Luis I saw your transaction….and I had already emailed you at your HOTMAIL e mail address. Please check and kindly reply. Thank you.
October 2, 2010 at 3:23 pm
Hello,
I am interested in the 59.99 package with the shelf corp, real estate, and ucc fillings info. Of all three of these. Which one would you suggest i concetrate on the most to bring in the most cash flow quickly?
Best Regards,
Jerome Terry
October 2, 2010 at 8:59 pm
The shelf corp – the UCC and real estate compliment the Shelf corp ….to complete the picture. They all can work together, you will see what I mean.
You know that this package now also reports. Meaning it will be a tradeline on your corporations credit. Much line Uline or Seton, so the transaction will help your business credit as well.
October 3, 2010 at 12:24 am
Jerome,
The cash flow depends on the type of business that your in and what kind of products or services you offer. The business credit building package is just that, it’s a resource that will allow you to build business credit effectively. This is a proven system that many CPA’s, Lawyers and other successful business people have used to build wealth. Good luck!
October 3, 2010 at 8:45 pm
At what stage in building business credit, is your credit file good enough to Buy/Lease a few nice Company vehicles. I just started a transportation company, and I would like to
Buy a 2 Towncars in the near future.
October 5, 2010 at 8:33 am
It depends how things go for you. If you let things run parallel, meaning do all that is required, it should not be more than a couple of months. Of course I am talking about no P.G. Ones you are at the stage that you can get approved for a Staples unsecured credit for small business than you should be able to , if not even before that. Make sure your complete file is in order.
October 5, 2010 at 12:54 pm
What automakers are eaiesr to get no personal gurantee auto financing? I will be needing a vehicle for my health services corp. We provide mobile services.
October 5, 2010 at 2:24 pm
Try Ford
October 7, 2010 at 9:55 am
How can I join the Gboogie mafia? I was told made man scott would contact me about a week ago. I am intersted in this.
October 8, 2010 at 7:52 pm
OK….contact anyone at the ping box on the gboogie.net site and tell them that you were at this site and Aimanzul sent you to MMScott for the mafia position……They will guide you …
Let me know if you have any issues.
October 7, 2010 at 12:30 pm
Is your information the same as gboogie? meaning if I buy your gold package will i get the same information I will get at gboogie.net? is the information a actual ebook or will I have to log in to your website every time to look over the information like gboogie? im only asking because Im a member over at there but im interested. Lex.
October 8, 2010 at 7:50 pm
Yes we are the same team. If you have the gboogie.net membership than this site has the ebooks to offer you. The Shelf corp book can be a good reference manual to the gboogie site actually. Read all the articles on this site to get an idea of what the ebook will have to offer. We have tons of free article…
The Gold package includes the gboogie.net membership that you already have. So you are better off buying the Shelf Corp + UCC pdf if you want to purchase anything…….and that transaction will be reported to your corps business credit (if you want) and help build your biz credit etc.
October 9, 2010 at 11:09 am
wheres the link to the shelf corp + ucc-1 book?
October 11, 2010 at 3:50 pm
http://ucc-1credit.financial.officelive.com/Buildshelfcorps.aspx
The tabs at the top of every page on the site….one of the tabs is ‘Shelf – Corps’
October 15, 2010 at 7:06 pm
Hi Aimanzul;
I purchased your UCC, Shelf Corp & Real Estate book this past July and I want to file a UCC-1 for an agreement between myself and my corp.
How diffcult is it and how far back can I back date the loan and how soon will it report. My business is in construction material supply and I trying to get some gap funding until I get paid from some of my customers.
Also was my transaction reported to D&B.
Thanks
elglobal
October 17, 2010 at 2:47 pm
If you purchased this product in July it would not have reported to Experian. Plus we only report to Experian not D&B – in a couple of months we will be able to report to ALL three. Also I am sure you know that D&B really is not a credit reporting agency (though D&B is important) – it is a data collection agency.
It is not hard to use UCC s (file them etc). It really depends on the state but it should usually be about 2-4 weeks if it is done correctly. At times you can call D&B and tell them to look into it and they can detect it at the state level but they will tell you that it has not reported yet so you have to wait. How far can you back date: really depends on your business set up, years in business and the rest of your file but 1-2 years would be OK (usually).
Also never give D&B the impression that you are performing a slick credit building technique, that you are only looking for quick credit.
Thanks
October 16, 2010 at 3:31 pm
I just ordered the ucc shelf corp real estate combo. How will i receive the info and how will it report.
October 16, 2010 at 7:31 pm
I received the info. Thanks for the prompt service
November 2, 2010 at 11:57 am
Hi Aimanzul,
When getting a tax lien, what does filing UCC do.
November 3, 2010 at 11:52 am
I am not sure I understand your question. Please can you elaborate…or give me an example. Thx
November 3, 2010 at 2:56 pm
personal business, is there another means of communication.
November 3, 2010 at 7:19 pm
contact me at a1z1@comcast.net
November 12, 2010 at 10:30 am
Hello. I have been learning via GBoogie and reading your articles. I have a few questions:
1. When I order the $59 package (UCC, Real Estate, Shelf Corp, what happens next in order to make it report?
2. Do you know which biz phone service is the best out there? My situation is, I need it to be listed, I dont want to pay over $20/month.
3. How do I change or create my SIC code?
Thanks so much!
November 12, 2010 at 10:55 am
I see that you already made a purchase. i did send you an e mail requesting your corp information for reporting- along with the pdfs. All your questions will be answered in the pdf and of course you are free to ask me more specific questions via the e mail that you now have. Thx
November 17, 2010 at 4:26 pm
When im building my shelf corps if i dont have any other address can i use an virtual office while im building the credit for the corp. And if i keep the corp the get funding would it be red flagged for the virtual address?
November 17, 2010 at 9:05 pm
No virtual office under any circumstance.
November 18, 2010 at 9:27 am
What would you suggest i only have acess to one physical address. Is there an alternate route
November 18, 2010 at 3:25 pm
Sure there are. First I suggest you read the free articles on the site, especially the second article on this this page http://ucc-1credit.financial.officelive.com/Whyisbusinesscreditmoreusefulthanpersonalcredit.aspx
Plus all the other articles – that is a lot of free information.
Than you will have more specific questions that you can ask me.
Let me know.
December 22, 2010 at 8:38 pm
I did try to buy the 59.99 and paypal is adding a shipping charge. what is going on ?
December 22, 2010 at 8:40 pm
Yeah that was an issue – we have solved that problem. When it says 59.99 that is all that you have to pay and when it say 44.99 or $4.00 etc – that is all you have to pay.
Sorry for the inconvenience.
December 24, 2010 at 2:11 am
What is virtual office?
And why can’t it be used?
December 24, 2010 at 8:52 am
virtual office:…. off-site live communication and address services……in other words if someone wants to establish quick business credit (& does not know any better) and does not want to have a business location they can quickly set up a virtual office (anyone can). That would be a ‘red flag’ to any creditor (agency or D&B etc etc). They want to see a ‘real’ office not something run out of a ‘suitcase’ so to speak.
Even having a home office is better than a virtual office, of course you have to set up the home office in the proper way etc etc….
December 24, 2010 at 5:36 pm
Well I know this company that advertises on craigslist about renting office space. The office is in a high rise commercial office building. I can receive mails, they will even sign mails that comes in for my corporation etc etc… It is an actual building. Is that still considered as a virtual office?
December 25, 2010 at 4:41 pm
Can you step into the place…..and if yes than is it a cubical ? (cubical among many other cubicals are no good either).
‘The office is in a high rise commercial office building’ – that does not sound like a virtual office …
‘I can receive mails…’ – so you CAN walk into the place and have an actual work area ?
Check it out , in fact go there and ask them direct questions.
You can actually find one room office space for low price these days so look around.
December 27, 2010 at 3:23 am
hello aimanzul here’s the link to the site:
http://www.psoffices.com/polaris.htm
They call it virtual office, they say I will have an address for the business and they will even sign for any mail that needs to be signed. As far as an actual office that’s a different monthly price.
Oh they say that if at any time I need a room or conference room to meet with my clients they will provide it too.
So with that being said would that still be considered as a virtual office?
December 28, 2010 at 8:26 am
I would not use it. This type of thing works only if you have proper sales and tax returns etc etc to show the lender. I mean, imagine considering lending to a business that is not even an actual office…. so to speak. Next year things are going to get even tighter as far as credit so you have to do things right all the way to have an edge. And believe me the ones who have done it right will have a great edge (financing in this economy). Spend some time looking around for even a one room office, you will be surprised how low the prices are these days. Ideally in a commercial zone that has other offices around it. Keep me posted and good luck.
February 13, 2011 at 10:26 pm
hi was wondering what is the exact first thing i should do to get started in getting business lines of credit as you described on the website…..or should i be reading as much as i can and how much money should i be looking to start spending
February 14, 2011 at 6:34 am
Read ALL the articles on my site on the subject. Start by reading this second article on this link:
http://ucc-1credit.financial.officelive.com/Whyisbusinesscreditmoreusefulthanpersonalcredit.aspx
Incorporate, if you incorp at home than separate the home and business (as I explain).
How much money you need? Actually very little to start off with. Remember this is not a sprint, meaning ones you start it is not a matter of how fast you can end it (get cash lines of credit) and you just have to keep going full speed . NO. You can actually slow down in between and you can wait when you do get some money….however, setting everything up plus the UCCs, web presence etc etc can all be done at ‘no cost’ really. Even the vendor purchases that you buy from some vendors, you can actually sell the products and recover some of your expense. All in all a lot can be done, you just have to start after educating yourself. Feel free to ask more questions.
February 14, 2011 at 11:34 am
thankyou so much! an for your prompt responce.i reead atleast 3hrs worth yesterday..i know of someone all they do is shelf corp and they tryna keep it all a secret like a connect thks for the help sir
February 14, 2011 at 8:20 pm
No problem. More you read the more questions you will have. I always suggest to read the same articles more than one time only ’cause it is easy to miss something the first time around.
March 13, 2011 at 9:08 pm
All I want is the ucc by it self i got the other stuff.
March 14, 2011 at 12:23 pm
It is on “page 6” , see the tabs on top of the page. Or you can look in the Products page
May 24, 2011 at 12:50 pm
I’ve made a mess of my personal credit due to illness and immaturity. I’ve worked from home as an independent contractor for years now. I can’t possibly afford to get from under this financial mess and am considering personal bankruptcy. So that I’m not completely adrift, at 56 years old, I want to form an LLC and establish business credit.
Do I form the LLC first and then do the personal bankruptcy or should it be the other way round? Should I purchase a shelf corporation? More importantly, does your company assist with forming the LLC and establishing the business credit?
Much thanks!
Jane
June 13, 2011 at 6:10 am
Sorry for the late response. You should do both. Build business credit using a C corp and not S corp. As far as personal credit only you know if you should file a bankruptcy but remember if you do it will be relatively easier to start building credit right after filing bankruptcy (I hope you read that article). I am not saying that you should file it. Maybe you should wait until you fully build your business credit before you file bankruptcy, since a bankruptcy on a main officers credit does not look good even if you have a great biz credit build. Whatever you do please start today. Also feel free to ask questions and I will make sure I answer them straight away.
AZ
May 29, 2011 at 12:04 am
Aimanzul,
My EIN was created on 04/2010. When I registered it,
I put 2007 as the start of business date.
My question regards taxes. I haven’t really “sold” anything per se, but I know I need to file back taxes. (Ageing)
How do I do that? Is there a tax service that can help me
with some “respectible numbers”? Afterall, I haven’t made a profit but I have made purchases. Friendly advice?
Respectfully, Bwalk (gboogi member)
June 13, 2011 at 6:13 am
Sorry for the late response …
You do not have to file back taxes to age. You can file UCCs to age the business.
As far as taxes you do not have to show any profit. Or just show minimum profit. Call the number at the gboogie.net site and they will let you know all the services that we have for that. Fell free to ask any more questions.
September 17, 2011 at 1:56 am
Hi great info my questions are do you think piggy backing is good also on a ucc lien does there have to be colatteral and when you said apply for 4 secured loans how how fast to pay the loans off and is a $500-$1000 loan to small.
October 12, 2011 at 3:22 pm
Piggy back does have a positive impact but not nearly as much as it used to.
4 Secured loans – not sure what scenario you are referring to..
Collateral for UCC. I can not tell you that you do not need collateral – if you know what I mean. But they do not check MOST of the times…that is the best I can say.
November 6, 2011 at 6:11 pm
Very interested in your services and consultation.
November 8, 2011 at 11:20 am
You can contact 1 888 821 6408 (customer service of our sister sister site).
If you have any specific questions about the articles please free to ask.
Thx
November 16, 2011 at 5:47 pm
I found a UCC filing posted in my company file at Secretary of State (Texas) since 10/2006.
This was referred to a factoring operation that was finished with no debt from our side so, I called this company and they pretend a payment to remove this UCC filing. I feel this as an “extortion fee”.
For how long these filings stay in file? How to remove this?
November 17, 2011 at 10:11 am
You should not pay them anything if this is not a UCC that you recognize (from past or present). UCCs can actually be helpful to building a nice healthy business credit file assuming that they are paid up and ‘cleared’. They will still stay on the report when an in-depth report is run by a potential creditor.
HOWEVER if this is a UCC that you feel should never have been on your report than contact the state treasury department of Texas, ask them what is going on. Also contact the party that placed the lien and tell them to provide proof or delete history immediately. Lastly try e mailing D&B (you will find the e mail on the front page of my website, I do not have it on hand at the moment). It is the e mail to their UCC – public filing department, let them know what is going on. Calling up D&B can be a real pain.
Feel free to ask more questions.
November 17, 2011 at 10:27 am
I filed a UCC-1 with 3 amendents including termination almost 7 months ago. I made the mistake of filing the note/agreement along with the UCC’s all with my local county records office. I believe I should have filed the UCC’s the SOS. Neither of the filing have been reported to my dnb/Experian/Equifax business credit files. My question is, am I able to upload these filings to DNB?
November 20, 2011 at 8:59 am
Hello: Not sure I understand -you filed all the UCC docs that you mentioned together ? if that is the case, than that was not the way. You can not file a UCC and an amendment (or a termination) at the same time. I know people who have and that is why I want a clarification. If not than how much time did you give after the first filing to file an amendment and/or termination ?
You can e mail D&B public records department and send the information that the state send you regarding the file (they must have mailed you proof of filing). That e mail is in one of the articles on the site – the last article.
November 20, 2011 at 10:20 am
I filed the note/agreement first with my local county office. Then I filed the UCC-1. I waited 2 months to file the 1st ucc-3 and 1 month later i filed the 2nd and a month later i terminated the ucc with the last filling. The problem is, I did all the filings at my local county recorders office. I didn’t realize at the time of filing that I needed to file the UCC’s with my SOS. So basically the filing is complete but it’s not showing up because the SOS has no records of it being filed with them. Help!!!
November 17, 2011 at 3:25 pm
Thank you so much for your fast and clear response, let me know the time when you or your associates maybe start doing these kind of services (cleaning credit files and wrong postings) and I’ll be gladly to be your customer asap..
November 18, 2011 at 7:24 am
Anytime.
You can contact our sister site, their number is 1888 821 6408 They have many services, but for business credit that are worth looking into. Initially of course you have to educate yourself the best you can.
November 22, 2011 at 4:21 pm
good afternoon aimanzul
i would like to talk to you is that any way i can call you?
November 22, 2011 at 5:01 pm
Your best bet for now is to call our sister site, their number is 1888 821 6408. Let me know how that turned out. Thx
April 19, 2012 at 8:22 pm
Do you have a package price for the gold package, business financials, and the personal credit? Please email me and let me know. Would like all three. Great stuff and thank you for your time.
April 21, 2012 at 4:16 pm
Check your email (olauno@gmail.com) – I have responded.
AZ
April 28, 2012 at 9:57 pm
Peace & Thank you for all of this Extremely Powerful Free Information!!!
I have a 3 year old LLC that currently holds an 80 paydex without financials or the UCC-1 and UCC-3 I have filed at the county level. After reading the free info on your site I would like to have you review my LLC and give me some advice on how to proceed to the next level, which is financing. I am also very interested in the off shore corps as well.
Peace
TTE Zaye El-Bey
April 30, 2012 at 7:17 am
Thank you. Do you have any trade-lines on your corp. Have you separated your business and personal …..business phone, possible location etc.
80 Paydex is a start. Your aim initially should be to get to Staples credit line, for that you need a couple of solid trade lines.
Off Shores will be coming in just a couple of days. Feel free to ask questions.
August 7, 2012 at 4:58 pm
Just stopping by to let you know you have a brand new
fan! Reading one post on your website got me absorbed without
delay. Really, you are awesome!
August 9, 2012 at 12:00 pm
Cool – …did you also visit the site – it was just changed – http://www.ucc-1credit.com
Ask questions…
May 1, 2013 at 9:42 pm
Great post! We are linking to this particularly great article on our site.
Keep up the good writing.