Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

Building credit for my new LLC


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 11-28-2010, 02:00 PM
Paineless Creations's Avatar
Paineless Creations Paineless Creations is offline
Senior Member
 
Join Date: Jan 2010
Location: West Richland, WA
Posts: 205
Rep Power: 5
Paineless Creations is on a distinguished road
Default Building credit for my new LLC

Have any body done use this place to get started.

http://smallbusiness.dnb.com/

It looks like it is $229 to get started and it helps you build credit for your LLC Any opinions?
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 11-29-2010, 09:36 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,187
Rep Power: 10
Steve has disabled reputation
Default

Lawn care business tipsLawn Care Business Book
Have they told you what they would be doing to help you?

I just can't imagine they are going to be able to do something that you aren't able to do on your own.

But I'd like to hear why you are thinking about this service.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #3  
Old 11-29-2010, 11:26 PM
Paineless Creations's Avatar
Paineless Creations Paineless Creations is offline
Senior Member
 
Join Date: Jan 2010
Location: West Richland, WA
Posts: 205
Rep Power: 5
Paineless Creations is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Have they told you what they would be doing to help you?

I just can't imagine they are going to be able to do something that you aren't able to do on your own.

But I'd like to hear why you are thinking about this service.
Well i agree with you, but when I you do a search on google asking how to build credit for my LLC this company is all over the net? So I thought I would throw it out there and ask you guys if anybody has done it. Seems expensive and I am not sure what for.
Reply With Quote
  #4  
Old 11-30-2010, 05:08 AM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 9
picframer will become famous soon enough
Default

Quote:
Originally Posted by Steve View Post
Have they told you what they would be doing to help you?

I just can't imagine they are going to be able to do something that you aren't able to do on your own.

But I'd like to hear why you are thinking about this service.
It's actually very easy to start with no credit and build it, the fastest way I know of is to get a secured Visa or MasterCard, basically you put a $500 and up deposit at your bank which is held in trust, you are issued a credit card for the same amount, use the credit card but keep it paid off each month or during the month, this activity is reported to the credit reporting agency's, after 6 months you should be able to get credit assuming you make all payments on time and generally speaking do not use more than 60% of the available credit.

Cell phones and utilities are easy to get credit wise, put these in your company name and keep them paid as it is also reported.

Vehicles would be the next step as a line of credit will be the hardest to get unless you are a sole proprietor, then you would be required to generally co-sign at which time they will look at your credit and the company assets.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #5  
Old 11-30-2010, 09:31 PM
MAKLawnCutter MAKLawnCutter is offline
Senior Member
 
Join Date: Apr 2010
Location: Central FL
Age: 30
Posts: 249
Rep Power: 5
MAKLawnCutter is on a distinguished road
Default

Cell phones by ANY provider do NOT apply a positive for any reason.

They only apply a negative if you do not pay and close your account with out payment.

Matt
Reply With Quote
  #6  
Old 11-30-2010, 09:59 PM
Paineless Creations's Avatar
Paineless Creations Paineless Creations is offline
Senior Member
 
Join Date: Jan 2010
Location: West Richland, WA
Posts: 205
Rep Power: 5
Paineless Creations is on a distinguished road
Default

Quote:
Originally Posted by picframer View Post
It's actually very easy to start with no credit and build it, the fastest way I know of is to get a secured Visa or MasterCard, basically you put a $500 and up deposit at your bank which is held in trust, you are issued a credit card for the same amount, use the credit card but keep it paid off each month or during the month, this activity is reported to the credit reporting agency's, after 6 months you should be able to get credit assuming you make all payments on time and generally speaking do not use more than 60% of the available credit.

Cell phones and utilities are easy to get credit wise, put these in your company name and keep them paid as it is also reported.

Vehicles would be the next step as a line of credit will be the hardest to get unless you are a sole proprietor, then you would be required to generally co-sign at which time they will look at your credit and the company assets.
Great advice thanks!!!
Reply With Quote
  #7  
Old 12-01-2010, 06:11 AM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 9
picframer will become famous soon enough
Default

Here is also a good read, reporting by Utilities/cell phone probably vary from company to company and the rules within the state, here in Canada it is the law that it is reported.

http://www.creditcards.com/credit-ca...eport-1282.php
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #8  
Old 12-01-2010, 11:37 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,187
Rep Power: 10
Steve has disabled reputation
Default

What about financing equipment? Would that be a good intermediate step to build credit before purchasing a vehicle?

We had some discussion on here in the past about financing equipment.

I think it was Andy who said to put 25% down and finance the rest, or maybe I am wrong on that.

But how would that help and what % should be put down? Does that effect the building of credit?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #9  
Old 12-01-2010, 12:57 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 9
picframer will become famous soon enough
Default

Quote:
Originally Posted by Steve View Post
What about financing equipment? Would that be a good intermediate step to build credit before purchasing a vehicle?

We had some discussion on here in the past about financing equipment.

I think it was Andy who said to put 25% down and finance the rest, or maybe I am wrong on that.

But how would that help and what % should be put down? Does that effect the building of credit?
I know with Deere it's 0% down and no payments for 365 days for commercial gear, I have used it twice but I still put 10 to 25% down, put the profit from the piece in a seperate account, when there is enough in the account, generally 6 to 9 months, I pay it off.

But yes, it will build your credit also.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #10  
Old 12-02-2010, 04:10 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,187
Rep Power: 10
Steve has disabled reputation
Default

Andy,

Are there any benefits to taking longer to pay off equipment? Possibly tax benefits? Or no?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Need help with building website Fluster33 Search Engine Optimization and Website Design Discussions. 15 08-06-2010 06:14 PM
Building A Buzz Steve General Business Discussions 1 03-06-2006 11:31 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Yesterday 10:12 PM
by ExtremeLawncareServices
77 4,354
new trailer help
mattthelawnguy
07-11-2014 08:21 PM
Yesterday 07:17 PM
by SGL1
11 356
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
Yesterday 07:09 PM
by SGL1
29 1,163
Left handed edging with...
SGL1
07-23-2014 08:59 PM
Yesterday 07:05 PM
by SGL1
4 99
Need help determining...
Jbss861
07-20-2014 02:33 PM
Yesterday 01:11 PM
by Steve
13 305
Customer letters
kslawn
07-23-2014 06:17 AM
Yesterday 12:19 PM
by Steve
3 105
Should I ?
googus
07-22-2014 04:06 PM
Yesterday 12:10 PM
by Steve
4 149
My First Apartment...
SSLCtn
05-26-2014 10:17 PM
Yesterday 06:46 AM
by kslawn
15 853
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
Yesterday 06:38 AM
by kslawn
3 168
Selling lawns like...
eastsidelandcare
07-17-2014 03:51 PM
Yesterday 06:28 AM
by kslawn
3 209
Scag new "Eliminator"......
ExtremeLawncareServices
07-20-2014 10:45 AM
07-23-2014 05:37 PM
by Just for Cuts
9 237
need professional advice...
Fiddlers_green
07-20-2014 07:21 PM
07-23-2014 12:42 PM
by Steve
3 158
new to me box truck
jrayb39667
03-06-2014 10:20 PM
07-23-2014 12:40 PM
by Steve
15 1,337
Lawn Service back in...
LawnCareMan280
07-18-2014 09:00 PM
07-23-2014 11:48 AM
by Steve
4 198
Overspray?
stevef1201
07-21-2014 04:20 PM
07-23-2014 11:39 AM
by Steve
3 104
Hello Everyone! Newbie...
SLKlawn
07-17-2014 06:22 PM
07-22-2014 01:53 PM
by Steve
6 231
Proper height for lawn
rob lederhilger
05-26-2014 08:01 AM
07-21-2014 02:53 PM
by LawnDoctor
9 622
Blade sharpener
Just for Cuts
07-04-2014 12:31 PM
07-21-2014 01:48 PM
by Steve
9 458
What's my business worth?
Chaz
07-16-2014 01:35 PM
07-21-2014 01:45 PM
by Steve
4 240
Single tree, mow customer
WesleySnips
06-27-2014 10:12 AM
07-21-2014 01:04 PM
by Steve
12 516
1.5 Acre Jungle
WesleySnips
07-15-2014 05:57 PM
07-20-2014 11:31 AM
by ExtremeLawncareServices
21 551
Gopher schedule software
Ray
07-18-2014 04:13 PM
07-18-2014 04:13 PM
by Ray
0 131
2006 Chevy fuel pump...
KevinsLawns
07-17-2014 08:39 PM
07-18-2014 11:51 AM
by Steve
1 135
Halfway point of year!
Steve
07-01-2014 12:08 PM
07-18-2014 11:38 AM
by Steve
14 672
I got told to leave and...
gwilson98
06-16-2014 02:07 PM
07-17-2014 11:43 AM
by Steve
16 991
Hey guys this is the...
prmenter@gmail.com
07-07-2014 08:23 PM
07-16-2014 08:10 PM
by ExtremeLawncareServices
28 725
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
07-16-2014 05:00 PM
by Just for Cuts
18 658
Say Hello !!!
Steve
03-19-2007 11:18 AM
07-15-2014 05:38 PM
by icon2000
1,184 318,803
need some help geting...
dalvan0
07-13-2014 09:28 PM
07-15-2014 11:56 AM
by Steve
5 227
Classified Ad Template...
bcfb
06-05-2013 02:40 AM
07-15-2014 11:16 AM
by Steve
15 3,669
Husqvarna pz 60
CDLAWNCARE
07-06-2014 06:50 PM
07-15-2014 08:53 AM
by kslawn
10 413
Lowballers
Chaz
07-11-2014 03:55 PM
07-14-2014 12:27 PM
by Steve
5 334
My new side job
Sprinkler Buddy
05-10-2014 05:23 AM
07-14-2014 12:15 PM
by Steve
10 800
Illegal spraying
GoGreenerKS
07-04-2014 09:11 AM
07-13-2014 10:36 PM
by GoGreenerKS
10 519
New Mower and Trailer
Chaz
06-25-2014 12:04 PM
07-13-2014 06:25 PM
by SGL1
7 528
What Fertilizer to Use?
acrajchel
04-07-2014 01:56 PM
07-12-2014 07:36 PM
by SGL1
21 1,849
Fuel and fuel additives
SGL1
07-06-2014 10:23 AM
07-11-2014 07:53 PM
by SGL1
15 517
Questions for a patchy...
jumcgee
07-09-2014 08:42 AM
07-11-2014 12:34 PM
by Steve
1 187
toro proline blades wont...
boog
06-25-2014 06:26 PM
07-11-2014 05:28 AM
by kslawn
18 620
Contents of Marketing to...
prmenter@gmail.com
07-09-2014 05:25 PM
07-10-2014 03:23 PM
by Steve
3 278
Shindaiwa
CLB454
05-13-2014 09:04 PM
07-10-2014 03:04 PM
by Steve
14 755
Starting New in FL
mmcuttrim
08-06-2010 09:22 AM
07-10-2014 02:44 PM
by Steve
48 11,228
Bid help 45 on acre...
Priggan
06-26-2014 12:56 PM
07-09-2014 08:38 AM
by kslawn
7 501
need help bidding fence...
veteranslawncaresystems
07-03-2014 10:33 AM
07-08-2014 12:00 PM
by Steve
5 360
Trimmer or Knife?
gwilson98
07-04-2014 09:56 PM
07-07-2014 02:41 PM
by Steve
6 320
Started a New Solar Lawn...
Solar Lawn Care
06-08-2013 01:40 AM
07-07-2014 01:55 PM
by Steve
37 7,398
New Canadian Member
coppervalley
07-04-2014 02:15 PM
07-07-2014 01:12 PM
by Steve
1 225
Happy Independance...
stevef1201
07-04-2014 07:05 AM
07-07-2014 01:01 PM
by Steve
2 223
Echo PE 266 edger
stevef1201
07-01-2014 01:28 PM
07-07-2014 12:47 PM
by Steve
4 302
30 Inch Push Mowers Pros...
Billy Goat
06-27-2013 08:07 PM
07-06-2014 01:50 PM
by SGL1
21 5,213
» Popular Tags
4wd advertisement article marketing bid charge christmas lighting christmas light service courtesy call credit card processing customers decorating escrow estimate exmark ferris fundraiser gopherhaul grass gravely gravely 34" zero turn hills holiday holiday decorating holiday lighting how much to charge introduction john deere quik trac kawasaki lawn lawn care business lawn care business book lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website leaf leaf removal lighting managing a lawn care business marketing native plants new buisness new mower office management online classifieds outdoor environments payment podcast property management company push versus ride redmax reo scag scripts search engine optimization seo snow sprayer starting a business starting a lawn care business steve stihl subcontractor theft toro tractor auger turfgrass consulting walker zero turn
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 01:28 AM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 01:28 AM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy