Lesson 13 - Business Credit Approved

Lesson 13:
Business History Part 2
What business entity do you suppose I suggest for building
credit For those who live in and around the District of
Columbia (this includes those who live in Maryland and
Virginia), I suggest an LLC, NOT a corporation. For those of
you who do not live in and around the District of Columbia,
continue reading as the material below will apply to you, and
then read the section below that provides additional
instructions for those that live outside the District of
Columbia. The cost to obtain an aged LLC in the District of
Columbia is significantly less than a corporation.
You can select an aged business by finding the name of a
limited liability company and affiliating the personal guarantor
you select to the business. In so doing, you “marry” an aged
business with a personal guarantor that meets the banks’
approval guidelines.
To find an aged business entity, visit the website of
Washington D.C.’s Department of Consumer and Regulatory
Affairs at https://corp.dcra.dc.gov/. You will need to
establish a username and password (which is free) in order to
access the database. And you must use Internet Explorer
version 7 or higher in order to access the database. Create a
list of potential aged business entities by searching by
organization name, searching for names generic in nature. For
example, type in “the” in the search query, and all business
names that begin with that word will appear. Or type in a