Corporations Timeline

timeline-h

Week 1

  1. Filing of and transfer of corp ownership to your name with Dun & Bradstreet.
  2. Secretary of State, IRS EIN, and Dunn’s Number acquired
  3. Corporate identity established and set up
  4. Website, phones, address set and mail forwarding

Week 2

  1. Receive full corporation documents and registration with all 3 party entities
  2. Send off for Dunn & Bradstreet 
  3. Dunn and bradstreet does investigation
  4. Verification of tradelines and approval
  5. Dunn and Bradstreet loads tradelines on to corp giving paydex 80
  6. Register corp with other bureaus and 411 listing
  7. Prepare corp for submission to banks

Week 3

  1. 20 points of compliance check for underwriting

Week 4

  1. get 5 pay experiences/vendor accounts approved and set up
  2. Bank account set up

Week 5-6

  1. Set up debit card to auto pay vendor accounts
  2. Commercial credit card consultation to determine credit direction for company

Week 8-10

  1. Credit card approvals (2-3 in the short term, approvals between 12k-37k typical)
  2. Set up debit card to auto pay credit cards
  3. Make first purchases and upload receipts to DUNs

Week 10-12

  1. All vendor accounts have posted to your commercial credit profile
  2. All initial approved credit accounts have posted to your commercial credit profile
  3. consultation to determine the best loan options to go with for the companies needs