5/22/09
We now have corporations for sale.
For more information email us from
the contact us form. These corps
come with 80 padex.
For questions concerning business credit
call the gboogie hotline which is posted in
the members area. talk to me live from the
office. (910) 582-9980
Learn business credit for free! CLICK HERE
Live broadcast dates to be announced
Click the menu button to flip through the videos.
Business credit has changed over the past year. Even small companies now either ask for prepayment, or no longer extend credit. D&B is reorganizing, as well as some banks. Most small companies can no longer report, and it takes forever to see the trades if you refuse to purchase a d&b product. With all that said, There is a way out. I will personally redo this site in a better step by step easy to follow form. Thank you to all of you who have been patient with us as we also reorganize.
The new step by step method!
Assuming you already have a corp, or an LLC, we are gonna start this lesson from there. Some of the old methods still work but some do not. We will help put you back on track in the wake of this economic turmoil.
to keep folks on their toes, I will add a piece to this puzzle every day.
Corporate structure! The very first step in building a solid business credit profile is your corporate structure. If your corporation is not set up properly you will find yourself denied for credit you feel you should have received. These rules also apply to LLC's, but corps are easier on the eyes when it comes to vendors.
Special note before we get started. No one else will give you this information but us, so please show your support when we offer products for sale. Thanks!
Once your corporation is in place you must purchase a corporate kit.
This kit consist of your corporate bylaws, minutes, stocks, and seal. Order the kit with preprinted minutes. Upon receiving your kit you must have your first shareholders meeting:
Choose the meeting date and related notification dates. (The date may be written into your corporation's bylaws or determined each year by the board of directors.) Each state requires both a minimum and maximum number of days before the meeting date for notifying shareholders. Ten-day minimums and 60-day maximums are the most common.
Step2
Set the agenda for the meeting. Important topics include the appointment of directors, approval of audited accounts and approval of the annual budget. Step3
Draw up a list of everyone legally entitled to notification. Include each name, address and number of shares held. Reserve the meeting place and prepare the mailing. Along with the official meeting notification, include proxy cards, the agenda and descriptions of major business items to be considered. Step4
Get a time estimate of the chairperson's speech. (And hope for everyone's sake that it actually falls within the promised time frame). Prepare informational handouts and any audiovisual aids needed by the chairperson and other speakers. Step5
Assign someone to keep the minutes. Corporations are legally required to keep written records of all shareholder meetings. Consider outsourcing the extensive task of tabulating the minutes and distributing them to shareholders. For a sample of corporate bylaws that you can use for you corporation click here.
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