Corporate Credit/business Credit Building Checklist

Corporate Credit/business Credit Building Checklist

Shelf Company List: Request The List At !

Corporate Credit Building Checklist

The strength of a business credit profile is a key determinant in the likely success of the business. The process of building this corporate credit profile can be a very difficult process without the aid of professional guidance. This checklist has been prepared to assist your business in constructing the credit profile your business will need in order to succeed.

Name Availability Check

If you’re just starting a business or haven’t already named your business, you’ll want to ensure that your business name isn’t already taken. Check with your Secretary of State records for name availability, as well as the D&B to ensure your profile will not be conflicting with that of another business.


There are to basic choices:

  1. Obtain an aged shelf company that’s at least four years old.
  2. Start a new company and wait four years to earn that age.

Obtain an EIN

You’ll need to establish a federal tax identification number with the Internal Revenue Service.  The ID is a 9-digit number and can be obtained by electronically filing here.

Separate Bank Accounts

Business and personal funds will need to be separated, so you’ll want to create accounts under the name of your business. Requirements will vary depending on the structure of your business. A business license is typically required in addition to registration for businesses that serve directly to the public. You’ll also need to provide any fictitious names of DBAS, as well as your tax ID number.

Obtain A D-U-N-S number

The next step will be registration with the Dun and Bradstreet credit bureau. You can file electronically here. Registration involves answering simple questions such as the legal name of business, address, contact information, etc. You should receive a DUNS number within 24 hours of submitting the request.


You’ll need to make sure your business has all the federal permits and state licenses in order to stay in business. Most businesses will not require a federal permit unless your business is involved in ground transportation, investment advising, broadcasting, preparation of meat products, or the sale of alcohol/tobacco. However, many businesses to require state licenses, so you’ll want to ensure compliance with state laws.

Apply for Credit

Once your business has a D-U-N-S number, you can begin filing for credit under the name of your business. Initially, try applying to companies that generally grant new businesses credit cards and lines of credit without requiring a personal guarantee. Just make sure these businesses report your good payment history to your profile with the D&B.

Maintain Credit Standing

In order to maintain a good rating, simply make sure your business pays all bills and debts within a reasonable timeframe. Once your credit profile begins reflecting this payment history, your business credit score should steadily increase.

Shelf Corporation

How Much Should They Cost? What Is The Industry Standard?

Aged corporations with no transaction history are priced using this general industry formula:


Cost of Filing + Cost of Maintenance + Years x ($1000)

Example: Bob finds a Nevada aged corporation that is two years old. The aged corporations cost the incorporator $750 to form and to maintain the corporation. How much is it worth?


PRICE = Cost of Corporation + Cost of Maintenance + Years Aged x ($1000)
PRICE = $750 + 2 x ($1000)
PRICE = $2750

$2,750 is the market rate for a two year old Nevada aged corporation. As an alternative, Wyoming aged corporations cost less because their formation and maintenance expenses are substantially less than in Nevada. They are just as good in terms of asset protection and financial privacy, but without the marketing hype. The same corporation formed in Wyoming may only cost $2210.