Business Credit
This is the score lenders check to determine your company’s creditworthiness, separate from your personal credit.
What is a business credit score?
This is the most common type of entity Prime helps entrepreneurs set up for liability protection and tax advantages.
What is an LLC (Limited Liability Company)?
This professional, often referred through Prime, helps businesses lower taxes legally.
What is a CPA (Certified Public Accountant)?
This document states who receives your assets after your death.
What is a will?
This is Prime’s first call with a new client, where we uncover needs and goals.
What is the initial consultation (or discovery call)?
Prime Corporate Services helps clients build this to access funding without personal guarantees.
What is business credit?
This legal document is required to officially form an LLC.
What is the Articles of Organization?
This type of tax-saving account is used for retirement and can reduce your taxable income.
What is a self-directed IRA or Solo 401(k)?
This legal tool helps avoid probate by holding assets outside of your name.
What is a trust?
This team books appointments for strategy calls and ensures clients are connected with experts.
What is the scheduling team?
This federal identification number is essential to start building business credit.
What is an EIN (Employer Identification Number)?
This tax classification allows LLCs to be taxed like corporations.
What is an S-corp election?
This kind of expense can be deducted if it is "ordinary and necessary" for your business.
What is a business expense?
This term refers to the court process of validating a will and distributing assets.
What is probate?
Prime uses this CRM platform to track client information and appointments.
What is Salesforce?
Opening this type of account under your business name is one of the first steps in building credit.
What is a business bank account?
The state where your business is legally registered is known as this.
What is the state of formation (or domicile)?
This strategy allows you to shift income to your business to lower your overall tax liability.
What is income shifting?
Prime helps clients create this kind of trust to protect assets and ensure privacy.
What is a living trust (or revocable trust)?
This part of Prime’s process ensures clients are booked with the right expert after their initial consultation.
What is the scheduling team?
This type of vendor account reports to business credit bureaus and helps establish a credit profile.
What is a net-30 vendor account?
This agreement among LLC members outlines ownership and responsibilities.
What is an Operating Agreement?
This method, which Prime educates clients on, involves paying family members to reduce taxable income.
What is income splitting (or hiring your kids legally)?
This person is appointed in your estate plan to make medical decisions if you're incapacitated.
What is a healthcare proxy (or medical power of attorney)?
This is the key reason Prime encourages entrepreneurs to get structured early.
What is long-term financial success (or protection and scalability)?