Business Credit

[jaicam5]

I'm a little confused on reading the forums about this subject. In regards to getting started with Net 30 accounts and the SOS articles, it is ok to have a virtual office or a physical location? Does it really matter?

I have already recieved my EIN but want to do my articles for my LLC this week. I ask this question because I currently reside in one state and want to start the business in another state. I will move to the business location next year but in the meantime I want to get started establishing the business credit. I want to do this right. If I get a physical location right now I have to remember that noone will physically be in the office. Thanks in advance.

[princechristian]

Virtual offices are just fine.. I obtained ALL my Net 30s using one. They generally have mail forwarding available too. PM me for my opinion on your best option.

[mmmagique]

OP, if you haven't established the LLC yet, (which it sounds like you haven't) you don't have an EIN for it yet. You get a new EIN for every business entity you create. (you have to apply for them *after* establishing the entity) : )

[Project17]

Always use the actual address where you do business even if it is a home office.. initially with the standard net 30's it won't be a issue but as you move on it may be.

Common virtual office addresses raise flags with certain companies and can get your credit file flagged.

I should add if you can find a small local virtual office those are very good to use as long as they don't show up easily on Internet searches.. Or better yet start your own virtual address service.. It's not to hard to find a cheap office space for let's say a couple hundred dollars and sell the service for $50 per month and limit the amount of clients you will have even just 10 and your making $300 a month and you usually just forward the mail once a week.