A small business that maintains good bookkeeping practices, files regular tax returns and is in good standing with the IRS, has already accomplished vital essentials when it comes to seeking business capital. A lender will review the financial documentation for your company. These records directly impact your company’s eligibility for financing. Your business is ranked higher when it is in compliance with local, state and federal tax laws.In this section the Employer Identification Number (EIN), business taxes, proper and clean bookkeeping, accrual vs. cash accounting planning for retirement and tax payments are topics of discussion. All of these are fundamental necessities that will help your small business grow soundly and are indispensable to building a strong business credit.

The following articles should help clear your understanding corporate structure and it's role in your business and credit development process: