How To Build Business Credit as a Sole Proprietor but QUICKLY

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Step-by-step guide to building business credit as a sole proprietorship.
[Free Training] How To Start a Six-Figure Business with $250 - moneysmartstartup.com/how-to-...
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Timestamps:
Intro: (0:00)
What is business credit?: (1:25)
Benefits of business credit: (2:32)
How to build business credit: (6:08)
How to calculate your business credit score: (12:23)
Free business credit? monitoring(13:30)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

Опубликовано:

6 авг 2024

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Комментарии : 80

@BaldheadNailtech 2 года назад

Thank you for speaking slowly for the people in the back

@LYFEAccounting 2 года назад

My pleasure! Thanks for watching.

@Freetobeme8181 Год назад

I’m in the back and I very much appreciate it too

@angieestouch1243 Год назад

Right truly agree . Very clear ❤

@tashagotit7747 3 месяца назад

Im sitting in the last seat by the window scrunched

@BaldheadNailtech 3 месяца назад

@@tashagotit7747 as long as you are in the room ❤️

@ileishasanders6969 Год назад

I learned yesterday that you can only have one EIN per person if you are a sole proprietor. So if you have multiple hustles as a sole proprietor ...same EIN. You have to call the irs and have them issue you seperate letters with each DBA name. Can't be done online.

@tashagotit7747 3 месяца назад

Separate letters of what?

@sweetlifeofHoney 2 года назад

I just became a sole prop. And i got my ein. Im soo excited. Now i need business credit

@LYFEAccounting 2 года назад

You got this!!

@sweetlifeofHoney 2 года назад

Just finished my instagram marketing class lastnight with MESO!!!!! Thepresentation was absolutely incredible.... The resources and the AMOUNT she was able to show in two hours was mindblowing.!!!! I highly recommend to all and ANY new biz!!!!!!!!!!

@sweetlifeofHoney 2 года назад

Meso # BIZZY LIZZIE!!!! # sweeet cheecks suzanne :) EVERY ONE AT ALL MESO LOATIONS!!!!!!! #MESO #SMALL BUSINESS!! #2022 #LETS GO

@FinancialFreedomMadeSimple 2 года назад

Great information!

@sweetlifeofHoney 2 года назад

Ty for the tips!!!

@williamdrilon75 23 дня назад

Been loving the content. I’m trying to start my own business but want to learn before I jump in the pool. And since finding this channel I haven’t been watching any others other than just to see common things but this channel is by far my new fav.

@santaniebrown3721 2 года назад

Great video!!

@EXO28RESEARCHGROup 2 года назад

Great Content ✊🏾

@Mr.MikeCeez Год назад

Great Video! 🔥🔥🔥

@helenkanu8402 2 года назад

Thanks for sharing knowledge.

@TheFinancialSpotlight 2 года назад

Thank you so much for this video. It was so helpful and confirmed exactly what I thought.

@LYFEAccounting 2 года назад

Glad it was helpful!

@josephsouthall813 Год назад

I love this vid. Very informational and spoke at a speed I could understand. Didn’t damn near rap it to you like a bunch of other videos

@jkrystal11 Год назад

Thank you, I learned so much.

@DownhomeDana Год назад

Great info! Thank you!

@HealthWealthRelationships700 Год назад

Valuable information. Like button and subscribed.

@dexterscott7693 Год назад

Thanks for the information, greatly appreciated

@kennywilliams7233 2 года назад

Helpful info

@sofiamurgado606 Год назад

Awesome video thank you!!

@scottpickering2438 2 года назад

Excellent clear presentation!

@LYFEAccounting 2 года назад

Glad you enjoyed it!

@traceed7751 10 месяцев назад

Amazing Info! Thank you! 🤗

@vlallen4888 2 года назад

This was super helpful. Thank you!

@LYFEAccounting 2 года назад

My pleasure!

@myz98f150 Год назад

thanks for the info

@tmcfarland3561 Год назад

Best video on RU-vid for this type of content

@BombayBeatz215 10 месяцев назад

Helped me out!

@globalpresido5823 Год назад

Definitely appreciated the information. May have to hire you.

@kriswas4351 Год назад

Great content

@user-kb3yl7xs2v 10 месяцев назад

this was very helpful and explained very well for newcomers to understand thank you very much ill leave another comment after i put it all together thank you again

@mxbaja8069 Год назад

Thank you 🙏🏽

@kwhitlo0 2 года назад

Great information 👍

@LYFEAccounting 2 года назад

Thanks, Kendra!

@epiclacewigzboutiquellc9759 2 года назад

Thanks 😊

@scooter10421 2 года назад

This video was informative.

@LYFEAccounting 2 года назад

Glad it was helpful.

@claudiavilla8840 Год назад

Thank you

@yadderestradatransportatio3962 6 дней назад

Thank you so much.

@dbest4755 2 года назад

I love SOLE PROP !! Yes, business credit for SOLE PROP... No other UTUber has done this training... Thanks!

@LYFEAccounting 2 года назад

This information is definitely needed! Thanks for supporting.

@collin669 Год назад

Thumbs up and this was a great content video for starters. I would still prefer to establish an LLC, just my personal preference. I am concerned about the personal liability if the business does not succeed as expected. Took notes. Thanks for sharing. Great content for newbies. Thank you.

@jasonperry7010 2 года назад

Thank you for speaking slowly and clearly so my dum dum brain can understand

@divinevirgo8341 Год назад

Greetings! Love the channel ❤ What business banks and credit cards would you suggest for newbies? Thanks

@joanjohnson9821 2 года назад

Your step by step format is what I need to actually make my business dream a reality, ty!

@LYFEAccounting 2 года назад

Love that! Thanks for watching.

@JoeyBeeFit Год назад

Thanks so much for the information. I'm just a little confused as to how if you are sole proprietor your business credit will not affect your personal credit considering there's no legal separation. Would you happen to know where I could find information on that? Thank you!

@tashagotit7747 3 месяца назад

I believe the ein is the bridge

@JG-dy2hk 2 года назад

Great video, I was told that you need at least 10k for 3 months in an account to get a Grade A Bank Rating. Are there different levels above Grade A or how does it work?

@mustafawaahid5286 2 года назад

Is DBA almost like an LLC? Or if I have LLC I should still DBA . Love the video, excellent information

@LYFEAccounting 2 года назад

They are not the same. A DBA is not a legal entity and does not provide liability protection like an LLC can. It simply allows you to file with the state and not use your personal name for the business. There is no reason to have a DBA as an LLC unless you want to rebrand for some reason. Hope that helps.

@millimergmusic Год назад

So say I’m a sole proprietorship with a ein, is it possible to get the same amount of funding and high limits as if I had a LLC?

@asmarbilalsr7769 Год назад

Is dun n brad necessary? i dont think so

@BlssdNHighlyFavored Год назад

I am a sole proprietor, but the name that I created for my business is what's attached to my EIN. I created a business name instead of using my name. I listed it that way when applying for my EIN. Is this known to be common? Because as I'm listening to you...sounds like sole proprietors do a DBA. I never did a DBA. With sole proprietors, you and the business are one...but now I think I'm a bit confused. Am I supposed to have my name listed as my business on my EIN paperwork and then do a DBA?

@yadderestradatransportatio3962 6 дней назад

I know this video is 2 yrs old, how ever for anyone that knows. Quick question; I can’t afford to rent a business place to have a business address, would it make it a problem and stop me from growing the business by using my home address ??? Thank you.

@tobbykolby1042 2 года назад

@steph5494 2 года назад

I have my EIN already. I will have to work backwards I guess.

@jeffdange75 2 года назад

Taking on debt just seems to risky. I wanna organically grow

@princessp1219 Год назад

I applied for all the cards under my EIN number..and was denied by all cards..I know my Personal Credit is not good so i take it that they do use ur Personal..and Some of these Business bank accounts was denying me as well..Im so over it & Confused

@Hitpronet 10 месяцев назад

Quick questions: Did you set up a business address (not your home address or a PO Box), business phone number(not a Google phone number or your cellphone), business email (not a gmail, yahoo, etc)and website before you applied for your cards? If so, did the address and phone number on your EIN paperwork match EXACTLY as your business details ? If not, that will automatically disqualify you also.

@bornagain6665 2 года назад

Were are yall located

@LYFEAccounting 2 года назад

Based in Atlanta but are fully remote.

@bornagain6665 2 года назад

How can I contact you

@josephsouthall813 Год назад

This guy pretty much laid out the blue print even gave you the Buisness where to order product from to start getting your Buisness going and getting credit for the established for your Buisness soon as you start

@bigbapester Год назад

There is a New Testament verse that says we should be 'Slow to speak. Be quick to listen. Slow to wrath.' Big boy kudos to the RU-vid Creator.

@sojibrajii Год назад

Hello, Are u looking for a RU-vid thumbnail designer?

@mariahg4561 Год назад

Had to sub, like, & comment. Dropping gems for sole proprietors like me. 💎

@ZERVVREZ Год назад

Cool so soke prop, dba to add seperation, apply for ein, get business phone number, business bank acc under dba, pay all transactions thru biz bank, det a dnb #, establish trade lines with atleast 3 such as shirtsy uline and quil, get biz credit card, look at credit report like nav or credit signal to detect any inaccuracies