flukcho
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Shelf crop with over $100 000+ of credit – How much does it worth?
flukcho replied to flukcho's topic in Business Credit
Guys, did i do anything wrong. I just need an advice on this matter. I have no need of this corp anymore. Got an offer from my attorney, just trying to see is that a good price. I am soliciting anybody nor trying to sell the corp to fellow members. There are other websites to do just that. I apologize if I had broken the forum rules. -
Shelf crop with over $100 000+ of credit – How much does it worth?
flukcho replied to flukcho's topic in Business Credit
It was established 01/2009 -
Hi guys, I have an Indiana C-corp that I established for a wholesale car business. The state changed some regulations concerning the dealer licenses and I gave up my license but kept the corp open. I have almost every net account, credit card, gas card that I ever read about in this forum and it’s possible to get without PG. Too much to list but it amount for more than $100 000+k. My attorney told me that they are buying shelf corps with credit for clients and offer me $10 000k. How much crop. like that worth? How I can make sure after I sell it if somebody decide to max out the credit and bankrupt the company there won’t be any consequences for me. I haven’t PG anything. Thank you
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I am sorry guys, i was away for a couple of days .. I had a wholesale dealer license in Indiana and my S corp was open there. Indiana changed many things that concerned wholesale auto dealers and doing what i was doing became very complicated. I have this S Corp for 3 years, even if i don't do business in IN why close the S-corp. I am looking to get a license from a different state. I invested a lot of time and money to build my credit file. Why start from the begging. The challenge is I no longer rent an office in Indiana and that's where all of my mail use to go. I am based in NY and my original question was what is the best way to handle this situation. I export cars all the time and technically i am still in the same business. thank you
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I spoke with them yesterday they told me to get a LIST of everything i want .. put it on a PO order and bring it to customer service. I am going there later tonight. I will post update on Monday. Have a great Weekend Everybody..
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The S-Corp was registered in Indiana and my office used be there. I live in NY .. i was thinking of getting a virtual office here .. I like the idea of having 5th ave mailing address Could you please spell it out for me. 1. Get the new address 2. Second record it with Indiana state and then? How do i proceed with creditors and etc .. When i apply for new credit which address should i use. The new one it will have a second DUNS ? I am puzzled ... Thank you
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While back i got approved for IKEA business $5k. It's a net 30 invoiced account. The problem is i have no idea how to use it. Went to 2 different stores and nobody can explain to me what to do. My understanding is i have to use a PO. Does anybody know anything about it? Thank you
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Hi Guys, could you please advise me on the following matter. I started a business in 2010, I had a wholesale auto license from Indiana. I used to have an office there and used the office address for everything. Couple of months ago i decided to close the business but to keep the company. I have done very well with the business credit building .. maybe 30 000$+ in credit between GE and Citi + bunch of gas cards and net 30s . I thought that i can get USPS to forward my mail, without paying for the office anymore .. but this doesn't work. They don't forward credit cards, invoices and etc.. What will be the impact if i update d&b with my personal home address and call all creditors to update my billing? what is the proper way to handle this situation? Thank you
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My business was established 1/2010 ..wholesale car dealer I have most of the Citi and GE backed accounts, Staples being the highest for 3500$ and most of the net 30 you can find people talking about in the forum. In addition some WEX backed gas cards. Maybe around 20+ accounts in total. Sorry i don't even keep track of exact number of them. Experian and Equifax show 8 trade lines reporting. I haven't check my d&b lately. I am still debating on the ford lease...
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Guys if you want take my word on this.. I am just sharing my experience.. Here is the deal I got: X-Plan pricing – 500$ rebate To lease the Fiesta (FE12016) is as follows: 10,500 mi. per yr., for 36 mos., with $803.48 out of pocket, your monthly pymt is $248.98. To lease for 24 mos. at 10,500 mi. per yr., with $830.86 out of pocket, your monthly pymt. is $276.36. Please let me know what you decide. Thanks! My insurance is about 200$ a month so I am very hesitant to get stuck with 500$ payment for a Chocolate Goodness car. I will keep you posted..
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I haven’t gotten the car yet.. I am still working on the price with them. I went there twice, they just wanted 800$ inceptions fees and copy of my driving license for the registration. Credit wise they said I have been approved for tier1 credit by ford. Whatever does it means. I will keep you posted. My insurance is crazy expensive and I am still hesitating getting stuck with a Chocolate Goodness car with big payments. I guess in the name of the business credit I will have to do it…
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Hi Guys, I just wanted to share an experience I had with a Ford Dealership recently. I was looking to lease a new car and called a local Ford dealership in NJ. I told them I want to lease the car under my company and I am not willing to PG. They faxed me the app and faxed it back. 20 min later the manager called me and told me it has been approved. I have S corp since 1/2010 and most of the business account s that not requires PG.
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Thank you guys .. I got the same result In business since 2010 Approved! Congratulations, you have been approved for a Staples® Commercial Billing Account – Net Pay Terms account. You will receive your account number, credit card and Card Agreement in 7–10 business days. Requesting additional cards for employees can be done after an account is opened. In order to protect the privacy of your information, please take a moment to ensure your cache is cleared. Find out how to clear your cache.
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I have a old NJ LLC that i would like to start building business credit for. On the article of the incorporation i have the address of the law company i used to register it for me. On the application for EIN i have my personal NY address. I had to do a business registration in NJ for the LLC and i can't even remember what address i used. I do have an office in NJ and a published goggle voice number in 411 . Do i have to straighten the addresses mess or i just can start building the credit using my office address? is it enough to change the bank accounts and apply for Duns with the office address? Thank you
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HELP! I am Searching for Secured Business Credit Cards that Report
flukcho replied to a topic in Business Credit
I had similar problem with some of the starter vendors that "supposedly" reports to D&B. I will suggest you get DNBi SelfMonitor Plus Inquiries - Monthly for $69. You can cancel it after 3 months. This service allows you Add 3 credit references per quarter with the option to add more if needed. The 119$ service gives you 25. I believe this is the best way to go. Best Regards Charlie