Your Business Needs To Be An Entity

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To become bankable your business must be a separate legal entity

To achieve a complete separation between your personal credit and your business's credit, it is essential to establish a legal business entity, such as an Incorporation or LLC.


Here are the action items you should consider for this step:


  1. Ensure that your business entity is properly established or set up a new one.
  2. Confirm that your business's legal name does not infringe on any existing trademarks.
  3. Verify that your entity is in good standing and, if necessary, register it as a foreign entity.
  4. Pay close attention to the SIC code under which you file your company with the IRS to avoid being classified as high risk.
  5. Register your entity with a USPS listed business address, avoiding the use of a residence or mail stop.

 Must Have A Business Entity

Have you not established an LLC, C-Corp, or S-Corp for your business yet? If you haven't, now is the perfect time to consider taking this important step. Operating your company as a separate entity, such as an LLC, C-Corp, S-Corp, or any other suitable corporate structure, can bring you a multitude of benefits. One of the most significant advantages is the protection it offers for your personal credit and assets. Whether you're a sole proprietor or a larger organization with employees, making the decision to establish the appropriate corporate entity is crucial for your long-term success. By doing so, you can ensure that your business is on the right track and is equipped with the necessary legal framework to thrive and grow.

Your business cannot attain financial independence and become eligible for financing without existing as its own distinct entity.

To establish your business, simply click on the link below and connect with your local secretary of state.

Connect with your Secretary Of State

If you prefer professional guidance and support, you can select one of the four trusted vendors listed below.

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Attention Item - Legal Name and DBA

Legal Name and DBA


To establish robust business credit and secure financing successfully, it is vital to pay meticulous attention to the finer details. It is of utmost importance to ensure that we have your precise business legal name, including the registered DBA filing you intend to use. While a DBA is not mandatory, it is crucial to be aware of potential complications if you require or already possess one.


Proceeding with filing DBAs for your Corporation or LLC without caution can result in the creation of multiple credit files. For instance, let's say your business bank account is registered as "ABC Corporation," but you initiate a credit account as "ABC Corporation, dba ABC Tire Service," and another credit account solely as "ABC Tire Service."


In the aforementioned scenario, your business will end up with three active credit files under each respective name, leading to a chaotic situation. If you choose to use a DBA, it is imperative to prevent the duplication of credit files.



Attention Item -Business Name Trademark Infringement

Make Sure Business Name Does Not Trademark Infringe

When you establish your business entity in any state, there is a specific "Name Availability Check" process applicable only to that state. Therefore, even if your desired business name is available in states like Wyoming, Nevada, or Delaware, it is possible that another company formed several years ago in a different state has already trademarked that name. Consequently, this could lead to a trademark infringement on your part.



Regrettably, if at any point in the future your business name is found to infringe on another trademark, it could jeopardize all the progress you have made in building your brand and establishing business credit. You may even receive a cease and desist letter, compelling you to change your business name. To avoid such complications, it is highly recommended to invest a few minutes in checking the "TESS" database to ensure that your desired business name does not pose a potential trademark infringement.

Check the TESS (Trademark Electronic Search System) database now.

Access The TESS Database

Attention Item -  Foreign Corporation Filing

 Doing Business In Your State

Foreign Corporation filing refers to the requirement of submitting a "Foreign Corporation Status" to the Secretary of State if you have established your Incorporation or LLC in a business-friendly state like Wyoming, Nevada, or Delaware, but your business is physically located in another state such as Georgia, Ohio, or California.


Neglecting to file your Foreign Corporation Status can lead to loan rejections or delays until the filing is rectified. Additionally, it may result in fines and tax liens that could negatively impact your funding prospects.

Connect with your Secretary Of State
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