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03 - Raising Capital Funding Options for Small Businesses

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  #11  
Old 06-04-2006, 12:19 AM
xlusive xlusive is offline
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this should be a sticky
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  #12  
Old 06-05-2006, 09:22 PM
BPowerHouse BPowerHouse is offline
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Heck yeah, get that guy a big bad starbucks coffee for this golden nugget!
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  #13  
Old 06-06-2006, 02:32 PM
FearHoleConcept FearHoleConcept is offline
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I have a few questions regarding the plan laid out above:

1) Assuming you did everything that was listed to do, approx how long will it take to get a paydex score of 75

2) Regarding the biz accounts (i.e. UPS, Fedex, etc), it was mentioned that you should make at least one purchase. Does this mean from each account?

3) Out of curiosity, why is Barnes and Noble listed in there?

4) Will a 1-800 phone number work that same as getting a business number through the phone company (in terms of establishing credit)?

Thanks much!
Eric
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  #14  
Old 10-12-2006, 06:42 PM
Quintin Quintin is offline
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has anyone been able to do this?
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  #15  
Old 10-17-2006, 03:33 PM
maylin maylin is offline
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Default Trying it now...

Well, I got to the Staples part so far. Since I have been buying there and getting that Business Rewards thing, I gave them my Rewards Account #.

At first they said I needed to call (which I did not), but 10 days later got a card in the mail with a $2000 limit! I'm on my way.

Apparently, my bad personal credit has not affected my business credit too badly. So, I will payoff my Staples card right away and get into my DnB.com account to see how it looks.

Thanks!
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  #16  
Old 10-21-2006, 10:36 PM
harkkam harkkam is offline
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I formed an LLC in 9/2006 and have been following the above post (originally from creditboards.com) and so far have recieved a staples CC for $750.00 and a revolving Office depot CC for $250.00
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  #17  
Old 10-27-2006, 09:01 PM
Luci Luci is offline
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Quote:
Originally Posted by letsdobusiness
has anyone been able to do this?
Been there, done that.
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  #18  
Old 11-12-2006, 09:20 AM
jufengpins jufengpins is offline
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I just had to respond to one thing that was posted earlier in this thread.

Quote:
Originally Posted by arcadhia
~Set up a Corp business..LLCs and Sole are okay for contract work or property investment, but you still should get a Corp to manage them.
In case anyone takes this at face value, DON’T! Get advice before you do anything.

First, implying that that an LLC is ok only for contract and property investment is fundamentally wrong. Indicating that IF you get an LLC you should then get a corp anyway may or may not be right depending on your own situation.

There is a reason that there are hundreds of thousands of LLCs, partnerships, C Corps, S Corps and LLPs out there, some with managing corps some without, each business is different and has different needs!

Before you make a decision on the right structure for you do your own research and talk to an expert.

One of my projects is an LLC not because I do contract work or route investment properties through it but because it suited my personal situation from an international tax planning perspective and the inclusion of a C corp between it and me would have absolutely damaged my situation. In short, do your homework. There is NO right answer to the question of LLC or Corp that is right for everyone.

Just to be clear, I am quite sure that arcadhia is speaking correctly when applied to his own situation. I am just saying that when given as a piece of advice to be taken generally it is incorrect.
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  #19  
Old 11-21-2006, 02:48 PM
onistaxu onistaxu is offline
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this should be a sticky... it's great info
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  #20  
Old 11-24-2006, 07:22 PM
Stiltskin Stiltskin is offline
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You can do this. Make sure all your ducks are in a row. You must have a business phone number that is answered all the time. You must have more than 5 - 6 employees.
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