For all of the entrepreneurs out there who may be looking to start their very own official business, you may be wondering how you can build business credit in the first place. While there are a lot of different methods that you can go about building your own business credit, here are a few tips on how to get started:

• First, you need to develop your own legal business entity, which is formed so that you can legally engage in business activities. All business entities that are developed are created to sell products or services.

• Next, you should open a bank account that is specific for your business, and your business only. Most accounts will require a minimum deposit to open, especially for business. It is important that you keep this bank account separate from your personal for tracking purposes.

• After your bank account is opened, apply for a couple business credit cards. For the most part, business credit cards will have small credit limits, but overtime they will grow. There are many benefits to having business credit cards, one of them being that you are able to finance large purchases and streamline all of your expenses.

• Lastly, make sure that you spend responsibly. When you are starting your own business, it is widely known that it will be a large expense and can be costly, but make sure you are spending within your means and are not getting too in over your head.