Entrepreneurs should not miss the opportunity to build and maintain credit both individually and as a business owner. It’s important if you want to grow your business and not rely on your personal credit to do it. The reality is very few business owners actually understand how to establish business credit.
Trade credit is the term used to refer to credit that one business extends to another. Information about trade credit transactions is gathered by the business credit bureaus to create your business credit report. These are some of the major credit bureaus that compile these reports:
- Paydex from Dun & Bradstreet
- Experian Business
- Equifax Business
- Business Credit USA
avoidbeingaudited.com Chris Anderson from Soulence Tax and Accounting explains how using a Profit Loss statement can save you thousands of dollars on your taxes. For more information about this topic and others, visit avoidbeingaudited.com
This article was published at Accounting Services of Charlotte, NC
This article was published at Bookkeeping Services of Charlotte, NC
