Business Credit Builder:

1. Setting up a Business Phone Number:

   • Integration: Set up a business phone number with RedPocket for $10.00/month (not included in price). Their e-SIM integrates into your current cellphone, adding a business line to your personal number. If you're making payments on your cellphone, you can deduct 50% of your device payment as a business expense.

2. Opening a Business Checking Account:

   • Guidance: Assistance in opening a business checking account to manage finances efficiently. This is crucial for separating business and personal finances, preventing "piercing the corporate veil," which could make you personally liable for business liabilities.

3. Obtaining a DUNS Number:

   • Credit Establishment: Obtain a DUNS number to build business credit and credibility.

4. Business Address Setup (Optional):

   • Professionalism: Set up a professional business address for enhanced privacy and legitimacy. A virtual office can cost up to $100/month (not included in cost), offering a more professional image to lenders.

5. Public Record Listing:

   • Visibility: List your business on public records to improve visibility and compliance.

6. Opening Lines of Business Credit:

   • Credit Building: Assist in establishing 3-4 vendor accounts to build business credit and expand financial capabilities.

Total Cost: $650

Timeline of Completion:

Business Phone Number Setup: 1-2 business days

Business Checking Account Opening: 3-5 business days

DUNS Number Obtaining: 1-4 weeks

Business Address Setup: 1-3 business days (if chosen)

Public Record Listing: 1-2 weeks

Business Credit Lines Opening: 2-4 weeks

Benefits of the Business Builder Package:

Time Savings: Professional setup of essential business services.

Financial Growth: Establish credit lines to improve cash flow and support business expansion.

Professional Image: Enhance credibility with a business phone number and address.

Compliance: Ensure all necessary registrations and listings are completed accurately.

Convenience: Single point of contact for all business setup needs.

Peace of Mind: Expert guidance reduces the risk of errors and enhances business operations.

Additional Notes:

Business Phone Number: Essential for professional communication and customer service. Keeps business accounts, social media, etc., separate from personal matters.

DUNS Number: Important for business credit and potential government contracts. Lenders consider this along with your credit score during lending decisions.

Business Credit Lines: Helps manage cash flow and expand business operations. Businesses can access better funding options compared to individuals, making it crucial to leverage business credit.