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What is it and how does it benefit you
You may have heard of this and if you have not let's get started. This is a nine-digit number used to identify your business, its issued by Dun & Bradstreet usually identified like this (D&B). The number is is like a Social Security number but for your business. If a business and or financial institution wants information on your business this is what identifies you and the business.
Should your company have one? if your company is registered out side of the US it's good to have. To register with D&B, you are not required to obtain a federal Tax Identification Number (Employer Identification Number.
What does the number show: This number issued are often used by lender and investors to determine a company's eligibility for credit. A D&B report contains many useful financial metrics, such as payment history and public filing information.
Can you use your Duns number on credit card applications?: Applying for business credit using your DUNs Number and Employer Identification Number is how you separate your business credit from your personal credit, a lot of business credit applications ask for your EIN and DUNs number.
How to build Business Credit on a Dun & Bradstreet number
1. Establish your business as a separate Entity, Ideally, business owers think about credit before..
2. Register for a Dun & Bradstreet D-U-N-S Number.
3.Get an Employer Identification Number From the IRS. An Employer Identification Number (EIN)
4. Open a Bank Acount for your Business, your going to need that..