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If you’re a new business, there are a number of steps to establish your business as a separate entity from you as a private person. Once this business identity is established, you can start requesting credit for your business and begin your credit history.

Elevate your business with Inertia Financial’s expert business credit solutions. Don’t just ‘do business as’—build strong business credit to thrive. Start establishing your business credit with Inertia Financial today!

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Business Basics

Forming an LLC

Many small business owners choose to structure their companies as LLCs because they offer a combination of flexibility, legal protections, and tax advantages. Below are 6 basic steps to consider when forming your LLC.

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Fundability

In the fundability meaning game, being fundable means that lenders view your business as a low credit risk with the potential for a good return on investment

Forming an LLC

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The state of Texas has 2.6 million small businesses that employ nearly half of its residents.  And these businesses are very important to the state’s overall economy. Like other states, Texas recognizes limited liability companies (LLCs) as a type of business entity. Many small business owners choose to structure their companies as LLCs because they offer a combination of flexibility, legal protections, and tax advantages.  Below are 6 basic steps to consider when forming your LLC.  

 

 

  • Purchase Your Domain
  • Build Your Website
  • Establish Your Business Listings
  • Form Your LLC
  • Choose a Registered Agent
  • File A Certificate of Formation
  • Create An Operating Agreement
  • Apply for an EIN
  • Apply for a DUNS number

Obtaining a DUNS number is simple.  It is a unique nine-digit identifier issued by Dun & Bradstreet, the largest credit monitoring agency for corporations and countries.   This number identifies the starting point for any business.  Establish credibility for your business and get noticed by lenders.