Last month my friend and I went in business together. His background residential, mine being commercial. I been self employed for several years and since our partnership we incorporated under S corp, bonded, insured, and workers comp. We hired a CPA to do all bookkeeping until we get established and grow some. CPA says we to take a small salary and then at the end of month we get bonus, which on monthly profit/ loss he listed it as a "distribution".. Suppose to save us on taxes, etc..
I had a customer ask for our Dunn and Bradstreet 9digit number.. Can some of you shed some light on this Bradstreet outfit?? I know it to do with business credit.. But we just start and we haven't borrowed any money, and only have an account at one supply house.... Talk to banker and he suggest we take 5,000.00 of lasting profit and put in CD and borrow against it and he would get it reported to credit bureau... Is that when we get a Bradstreet number????
I had a customer ask for our Dunn and Bradstreet 9digit number.. Can some of you shed some light on this Bradstreet outfit?? I know it to do with business credit.. But we just start and we haven't borrowed any money, and only have an account at one supply house.... Talk to banker and he suggest we take 5,000.00 of lasting profit and put in CD and borrow against it and he would get it reported to credit bureau... Is that when we get a Bradstreet number????