Business credit 2010 update 2

http://gboogie.net gboogie fool proof business credit system

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[gboogieamerica]

W-2 would be better. Also you will get quicker responses by asking your questions from gboogie website

[gboogieamerica]

Im not sure what the question is but seeing that we have been selling aged shelf corps for the last 13 years i would say its great. just make sure you buy them from a reputable dealer

[cavyman7]

@arockerfellar nice! That investment work out for you?

[bethal1998]

@rodneyltp can i ask a question? why did you pick a Nevada Corporation?are you a Nevada resident?

[rodneyltp]

What's up gboogie. Your videos are very infomative. I'm a Tax Accountant. I started my business at the end of January. I have a tax ID # and I am a Sole Proprietor. About three weeks ago I decided to Incorporate my business. I did this through the Nevada Corporation. From my understanding, the profits from my corporation can be paid to me in the form of a W2 or 1099. Which is better

[arockerfellar]

So far I have invested $4,420.00 and have It takes money to make money. $3,300 is in bank and tied up in CD. The other $1,120 went toward setup fees and purchases. Setup fees were $720 and I spent about $400 in purchases. Purchases were in the $70 range for 5 accounts and I made at least 2 purchases from each account.

[arockerfellar]

19. Universal Commercial Code: not clear on how to work this, please help. UCC 1 & 3

20. Age company up to 3 years. Not clear on how to work this, please help. Other than buy a Shelf Corp, What can I do?

21. Lastly, I plan to set up a merchant account for free and get cash using my gas and store cards. foung one that cost 1.75%.

[arockerfellar]

8. Registered as a Foreign Entity in Home State b/c corporation is in other state. $50

9. Local Occupational License in Home State. $50

10. Local Occupational License in the State of incorporation. $50

11. Phone w/ Auto Attendant & Forwarding using Local Number (Online access). $10/month 100 minutes.

12. Online Fax (Send and Receive Faxes via E-Mail in PDF Format - Online access) $8/mth 150 free pages.

13. Website ,Domain Name & 5 free email accounts $7

[arockerfellar]

7. Registered with ALL 3 Business Credit Bureaus (D&B, Experian Business, and Equifax Business). Using vendor accounts of net 30, net 15 and net 10's. 5 tradelines with D&B, 3 with equifax and experian. Now working on revolving account and bank references. Later goal is lines of credit, cash credit cards and loans. Also registering for corporate account with Equifax to get Business Credit reports and priviledges.

[arockerfellar]

Gboogie this is where I am so far:

4. Have free Employer Identification Number (EIN) from IRS website.

5. Registered Agent Service in the State of Incorporation for 1 Year. Cost $149 annual

6. Virtual Ofice Address in the State of Incorporation for 1 Year. Cost $99 annual w/mail forwarding to P.O. box. Box cost $120 annual.

[arockerfellar]

Gboogie this is where I am so far:

3. Have Coporate Bank Acct w/ Online Bill-Pay, Wire, ACH, Direct Deposit, and Online Check Deposit. $1,500 checking and $800 Savings and I make regular deposits of $50 up. I have a $1,000- 90 day CD and I just applied for a secured credit card for $1,000. I plan to go to another 3 banks and do the same. I also plan to start at least 3 more businesses.