How To Structure Your Business For Success: Everything You Need To Know To Get Started Building Business Credit

By Ian Roberts

Build the foundations of a successful business by learning the proper entity selection and how to properly present your business. An all in one guide book to walk you through what needs to be done to build a successful business structure to be able to build business credit.

• Language: English
• Publisher: Lulu.com
• Release date: Jan 11, 2024
• ISBN: 9781304719911

Ian Roberts

Eric Roberts was born in Burton on Trent in 1918. Rejected by his biological parents, his father having been gassed in 1918, he was brought up by his aunt, Lilian Degg. In 1938, Eric met Eunice Lowe, an affluent farmer’s daughter and, despite their different backgrounds, they became engaged in 1940. Eric’s war and captivity and Eunice’s battle for information are the subjects of this book. Fortunate to survive, Eric returned home and married Eunice in 1946. He returned to his pre-war employer, the Burton Timber Merchant J. B. Kinds, eventually becoming Managing Director. Eric and Eunice had two children and five grandchildren. Eunice died in 1980 and, following Eric’s death in 2001, his memoir was discovered along with Eunice’s letters, diaries and scrap books.Their grandson, Ian Roberts, has put together this superb first-hand account of a determined and courageous couple’s wartime experiences.

Book preview

Copyright © 2024 by Ian Roberts

All rights reserved. This book or any portion thereof

may not be reproduced or used in any manner whatsoever

without the express written permission of the publisher

except for the use of brief quotations in a book review.

Printed in the United States of America

First Printing, 2024

ISBN

978-1-304-71991-1

Imprint: Lulu.com

Introduction

No matter what type of business idea you may have, business credit will be an important part of your journey to success. Building business credit is crucial for small businesses looking to expand and succeed. Business credit refers to a company's creditworthiness, which is determined by its credit history and financial behavior. By building strong business credit, small businesses can access funding, attract investors, and obtain better payment terms from vendors and suppliers.

One of the best ways to build business credit is to establish the business as a separate legal entity. This includes incorporating the business and obtaining an Employer Identification Number (EIN). Opening a separate business bank account and applying for a business credit card are other ways to build credit. Additionally, paying bills on time and establishing trade lines with vendors and suppliers can help improve a business's creditworthiness.

Another great benefit of business credit is that it offers protection to business owners by creating a clear separation between personal and business