So when I heard that the owner of Amen-Ra Productions was in Africa filming and he was being accused of tax evasion, ...fraud ...or some such hooey,  I knew he would get it straight. 

Whatever the real story is ....not even Blade wants to go up against the IRS.  It's a no win situation for amateurs.  You have to be an expert to mess with the Internal Revenue Service.  And you better have your facts and figures together. 

So when you start mixing your business and personal money you are asking for taxing times your business may never recover from.  Start right and you won't have to worry about the IRS.  Applying for Business Credit is easy but you need help to do it right.

Here are the 5 steps you need to take to separate your personal from your business credit.

• 1. Prepare your business for credit by registering the business as a corporation or Limited Liability Company; set up a business bank account and business phone

• 2. Identify products and services your business needs that you can buy using trade credit

• 3. Let's build a business finance and marketing plan before you ask for your business credit rating

• 4. Object to co-signing for business credit using your personal credit and social security number

• 5. Tighten up your business credit rating by submitting this information to the business credit reporting agencies.

 So there are the 5 steps you can take to make business credit a reality for your business.  Be sure you separate your business from your personal credit and always get professional help in filing your income taxes.

By the way...good old Wesley has since made up with the IRS and it's all good.

For more information on how you can create business credit:

 E mail me at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it  or call me at (347) 229-5782

Please Check out my profile at www.betterbizbuilders.com/elroye

This week hear about:

Don't Have Taxing Times Like Wesley Snipes

The 411

Props

Hook Ups

The 411  

 THE NEXT CONFERENCE CALL

It's the start of the year and now is the time to check your business and personal taxes.  Call my guy, Hudson, the Tax Dr at 877 908-1040 or visit his website at http://www.taxdrx.com/

The Tax Drx also has a profile on BBB www.betterbizbuilders.com/TaxDoctor

The TAX DRx will be our guest at the next call.  

E mail me your questions and I will address them.

The Conference Call is a monthly call.  It will be held on the second Thursday of each month. The next call will be

Thursday,

January 10, 2008,

at 9:15pm. 

616 597-8000

Access Code 644932# 

Advertise Your Business

Carlton Campbell has a business offer you should check out.  If you come in contact with lots of people you can sell them personalized coffee mugs, mouse pads and other imprintable products that Carlton will set you up with.  

Here's a quick business you can start with Carlton's help.  If you work for the City, State or Government, there is a demand for coffee mugs, mouse pads, bags and the like with the agencies name and logo imprinted.  I know a woman who pays for her annual vacation to the islands using this method.

Check out his profile or go to his website http://www.personalizedphotogiftonline.com/

PROPS

 Props to Jim Nemley for the great testimonials you will find by clicking on Success Stories at http://www.betterbizbuilders.com/

HOOK UPS

If you haven't separated your personal from your business credit, what are you waiting for? 

Hook up with me at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Remember to

Ask for what you want

Prepare to receive it

Give thanks to God

And

Share your good

Fortune with others

See you on the site http://www.betterbizbuilders.com/elroye 

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