Hello everyone and welcome back to my channel. Today, I will be talking about how to build your business credit using your EIN number instead of your social security number. I did make a video about this before, but I received a lot of negative feedback, stating that I didn't provide enough information. So, I decided to redo the video. The first step to building your business credit is to register your name. You need to find out if your name is already in use. If it's available, you can use it. To register your name, you need to obtain a DBA (Doing Business As) in your state. To find the specific process and location for registration, search for the appropriate state website. If you want to take things further, you can also register for an LLC (Limited Liability Company). In my state, it costs $300 to register an LLC. Having an LLC is beneficial for tax purposes and protects your personal assets if someone sues your business. Once you have registered your name, the next step is to obtain your EIN number. To do this, visit the IRS website and apply for your EIN. You should receive the number immediately. You can choose to either print it out or have it emailed or mailed to you. I recommend printing it so you have immediate access to it. You may need your EIN for various purposes, such as opening a business bank account. After obtaining your EIN, the next step is to contact Dun and Bradstreet. I will provide the phone number below for your reference. When you call, provide them with your business name, business address, business email, and telephone number. If you have to use your home address, that's okay. Just make sure to mention it as a "suite number" or...
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