Best Business Consultants in Richardson, TX

New Post: Business Credit Tips For 2022 - Introduction If you're a small business owner, it's important to manage your credit. Not only will your business benefit in the short term with access to capital, but also over time as you build a strong credit history. Here are some tips that can help: Get an EIN. You need an EIN to open a business bank account. You’re going to need it anyway, so you might as well get one now so your company can open its first bank account. An EIN is not just a number; it’s a tax identification number that allows you to file taxes on behalf of your business. It also serves as the identifying number for all companies whether they have employees or not, whether they are incorporated or not, and if they are private or publicly traded companies. EIN stands for Employer Identification Number and it is issued by the IRS (Internal Revenue Service). Check your credit reports regularly. Checking your credit report is a good way to see how you're doing financially. The more frequently you check it, the more likely you'll catch any errors that might be on there. If you find errors, it's important to get them fixed as soon as possible. Otherwise, they could hurt your score and prevent you from getting approved for things in the future. If everything looks right and there are no problems with your credit report, that's great! This means that all of your accounts are up-to-date and paid on time and nothing else needs attention—e...