Building Business Credit for Small Business
An entrepreneur that I know had a remarkable business idea – the kind that keeps
you up at night when you think of all the possibilities and opportunities that lie ahead.
It offered a perfect solution, with lots of potential customers to market to. He did all his homework by researching market demand, competition, pricing and so on.
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Did you know trying to pierce the veil of a privately held corpo
ration, or LLC, is the most litigated issue in corporate law today?
Once piercing of the corporate veil occurs the liabilities of the business become the liabilities of its owners.
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With an economy that’s struggling, every small business owner is looking for ways to increase profits, save money and improve efficiency. 
The good news is there are plenty of ideas that you can find in books and articles. But rather than cover the obvious ones, in today’s tough economy you need new and creative ways to save.
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When creditors extend credit to business customers it allows them to 
purchase products and/or services upfront but defer the actual payment for a later date.
The larger the purchase amounts a typical customer makes the greater the risk a creditor will be exposed to.
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Did you know that mishandling a checking or savings account can negatively impact your report with Chex Systems?
It’s crucial to maintain a favorable score with this company. Around 80 percent of all banks and credit unions will review your report with Chex Systems anytime you decide to open a new checking or savings account.
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