Interested in obtaining business credit?  You’ll need to know some essential tactics in order to grow your business wisely.  Just how can you build up your credit, and what are the most important first steps to take?  Keep reading to find out.

Vivix Credit Solutions can help you with these difficult steps.  Vivix Credit Solutions has a network of experienced, qualified providers who can help you with financial and legal advice. And at Vivix Credit Solutions, they’ll put you directly in touch with these qualified and able persons.  You don’t need to search around for someone who can help you and hope you don’t come across a scam.  The secured network at Vivix Credit Solutions can offer you the best resource.

Business credit is something that’s not in your name: it’s in the name of your business.  However, that doesn’t mean you can be lax on paying your debts.  Build up your business credit by staying on top of the debts that are owed from your business.

If you’re a new business and are looking to obtain your first business credit, you’ll need two things: supplies, and cash.  You’ll also need to maintain the highest credit score you can get.  It’s understandable if you don’t have any of these things, don’t let id dissuade you.  Some successfully started their businesses with a credit score as low as 450: they couldn’t even obtain a bank loan for financing.  But, they were still successful.

Today’s economy might not seem favorable, but here’s a good point: experts say that now is the best time to form a new company and build business credit.  Why?  Simply because, it’s never been easier.  You may only need a few hundreds to get started.  You can get the paperwork yourself from you’re a local state government office and submit it for around $100.  (This varies by state.)

With the knowledge that it really is easy to build business credit, here is the most important step you could take to actually build that credit.

Register your company as a corporation or LLC. Business experts say that no matter if you’re just a part time company owner, you must register your company.  You’ll be paying taxes that are enormously high if you don’t register your company.  Sole proprietorship might look appealing; but when you’re under the umbrella of a corporate, you may end up paying less than 3% of what you’d pay otherwise in taxes!  Plus, you can’t build business credit as successfully if you don’t register as either an incorporation or LLC.  For new companies, this is a key first step.

Not sure if a corporation or LLC is right for you?  Ask the experts in the Vivix Credit Solutions network.  Vivix Credit Solutions’ extensive network of qualified legal providers can assist you with these more difficult steps. Contact the experts at Vivix Credit Solutions today for a free consultation.