HAVING YOUR LLC IS A MUST

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CHANGE YOUR CREDIT

CHANGE YOUR LIFE

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CHANGE YOUR CREDIT CHANGE YOUR LIFE

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THE NEXT MOVE:

THE BIG CHANCE

GET OUR EBOOK GUIDE ON HOW TO ESTABLISH YOUR BUILDING BUSINESS CREDIT GUIDE.

Getting started with BUILDING BUSINESS CREDIT will be simple once you learn the necessary steps in this ebook.

THE NEXT MOVE:

THE BIG CHANCE

GET OUR EBOOK GUIDE ON HOW TO ESTABLISH YOUR BUILDING BUSINESS CREDIT GUIDE.

Getting started with BUILDING BUSINESS CREDIT will be simple once you learn the necessary steps in this ebook.

DRAFT & FILE YOUR

FORMATION DOCUMENTS

  • List yourself as a member of the LLC. Put your business address acquired above in step four. If you have a multimember LLC, then you will need to repeat this step for each member.

  • Next, list the name and address of your registered agent. Be sure to list these addresses correctly.

  • Your business will be for all legal purposes. Most formation documents already have this information prepopulated in the document, so you do not have to insert it or change it.

  • Leave the supplement provisions/information section blank unless you are creating a series LLC.

  • List yourself as the manager, unless you have hired someone to manage the company. If you or any of your co-members will manage the company, then select the member-managed option. Alternatively, if a nonmember will manage the company, select the manager choice. There will be multiple options for when you want the LLC to become effective. This is the date that the LLC will go into legal existence. You should choose the option for it to be effective when filed by the secretary of state.

  • Finally, list yourself as the organizer of the LLC. Again, list the business address in this section. Now, sign and date the form and give it one final review of accuracy before submitting it to the Secretary of State.

High-Risk Industries (subject to stricter underwriting guidelines):

  • Agriculture or forest products

  • Auto, recreational vehicle or boat sales

  • Courier services

  • Computer and software related services

  • Dry cleaners

  • Entertainment (adult entertainment is to be considered restricted)

  • General contractors

  • Gasoline stations or convenience stores (also known as c-stores)

  • Healthcare; specifically nursing homes, assisted living facilities, and continuing care retirement centers

  • Special trade contractors

  • Hotels or motels

  • Jewelry, precious stones and metals; wholesale and retail

  • Limousine services

  • Long distance or “over-the-road” trucking

  • Mobile or manufactured home sales

  • Phone sales and direct selling establishments

  • Real estate agents/brokers

  • Real estate developers or land subdividers

  • Restaurants or drinking establishments

  • Software or programming companies

  • Taxi cabs (including the purchase of cab medallions) Travel agencies

High-Risk Industries (subject to stricter underwriting guidelines):

  • Agriculture or forest products

  • Auto, recreational vehicle or boat sales

  • Courier services

  • Computer and software related services

  • Dry cleaners

  • Entertainment (adult entertainment is to be considered restricted)

  • General contractors

  • Gasoline stations or convenience stores (also known as c-stores)

  • Healthcare; specifically nursing homes, assisted living facilities, and continuing care retirement centers

  • Special trade contractors

  • Hotels or motels

  • Jewelry, precious stones and metals; wholesale and retail

  • Limousine services

  • Long distance or “over-the-road” trucking

  • Mobile or manufactured home sales

  • Phone sales and direct selling establishments

  • Real estate agents/brokers

  • Real estate developers or land subdividers

  • Restaurants or drinking establishments

  • Software or programming companies

  • Taxi cabs (including the purchase of cab medallions) Travel agencies

WHO WANTS TO START A BUSINESS BUT DOESN'T KNOW WHERE TO START?

DRAFT YOUR OPERATING AGREEMENT

An operating agreement is a contract between you and your business. It is used to specify how your business will run. Both internal and external conflicts will be resolved based on the text of this agreement. If the agreement fails to address something, then the conflict is resolved based on the laws of your state, which may be unfavorable to your desired outcome. This is the most critical step in

HIRE A REGISTER AGENT

A registered agent is a person or business authorized to conduct business in a state. They are responsible for receiving legal

correspondences on behalf of your company. Specifically, a registered agent must be physically present at the address provided Monday through Friday from 9:00 AM to 5:00 PM.

OBTAIN A BUSINESS ADDRESS

In the next step you will file your formation document with the secretary of state. This document is public record. As such, you do not want to list your home address or any other personal address. Instead, secure a physical business address, virtual business address or P.O. Box address to use.

"Anybody can start a business the key is to keep it going.”

Business Website & Email

Lenders and potential customers will likely search for your website. A valid and operational website can boost credibility drastically.

Equally important is a business email address. An email address with your company domain appears more professional and credible than using a free or personal email address.

Business Licenses

Does your business need a license? Every city, state 8 country may have different license requirements 8 filling processes. When you file your business entity the state will tell you if a state license is required. Go on your city website or call your city offices to see if your type of business requires a city business license.

Business Banking Accounts

Some will say your business is not truly official until you have a business banking account. When establishing your business bank account, make sure your business information is correct and accurate, including correct spelling and punctuation. It should be the same business info you have used on all other filings.

"Anybody can start a business the key is to keep it going.”

Business Website & Email

Lenders and potential customers will likely search for your website. A valid and operational website can boost credibility drastically.

Equally important is a business email address. An email address with your company domain appears more professional and credible than using a free or personal email address.

Business Licenses

Does your business need a license? Every city, state 8 country may have different license requirements 8 filling processes. When you file your business entity the state will tell you if a state license is required. Go on your city website or call your city offices to see if your type of business requires a city business license.

Business Banking Accounts

Some will say your business is not truly official until you have a business banking account. When establishing your business bank account, make sure your business information is correct and accurate, including correct spelling and punctuation. It should be the same business info you have used on all other filings.

CLIENT'S RESULTS IN LESS THAN 24 HOURS

CLIENT'S RESULTS IN LESS THAN 24 HOURS

CLIENT'S RESULTS IN LESS THAN 24 HOURS

What Are You Waiting For?

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BUSINESS CREDIT EBOOK!

What Are You Waiting For?

GET A COPY OF THE BUILDING BUSINESS CREDIT EBOOK!

What Are You Waiting For?

GET A COPY OF THE BUILDING BUSINESS CREDIT EBOOK!

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