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How to Establish Credit for Your Small Business

  • Separate personal and business finances to establish credit, protect personal assets, and ensure tax accuracy.
  • Form an LLC for liability protection and tax benefits, enhancing your business’s credibility.
  • Obtain an EIN and DUNS number for tax purposes, banking, and to build your business credit profile.
  • Open a business bank account and establish credit through timely payments and controlled credit utilization to build a positive credit history.

    Starting a business is an exciting venture with opportunities and challenges. As a small business owner or entrepreneur, having a brilliant idea and solid plan is not enough to ensure your business can grow and succeed. One crucial aspect often overlooked is establishing and maintaining good credit. This can be vital, especially during tough financial times when access to credit is a lifesaver.

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