Business
owners will soon grow very familiar with two words: Dun and Bradstreet. And
especially if you’re a shelf corporation owner, you may be wondering what kind
of involvement you’ll need to have with Dun and Bradstreet. What’s the deal
with them? Let’s take a look.
The Basics of Dun and Bradstreet
What
does Dun and Bradstreet offer? Namely, Dun and Bradstreet is a company that
offers a database of over 240 million companies. They also offer finance
solutions and operations solutions. Dun and Bradstreet are also behind the DUN
system.
The DUN
system, or the Data Universal Numbering System, assigns businesses a unique,
nine-digit DUNs code. DUNs codes can be given to businesses world-wide, and not
just US based businesses.
Shelf Corporations and DUNs
Now, as
a business, you’ll need a DUN as soon as businesses start reporting your
payment activity. However, a DUN is assigned to you at no cost. Unlike an EIN,
you will not need to register for your own DUN. Dun and Bradstreet will also
rate your credit profile as you grow as a business, accumulating more trade
lines and financing.
You also
are under no obligation to purchase financial products from Dun and Bradstreet,
although such products will certainly be offered. After all, we don’t
recommended purchasing financial products from Dun and Bradstreet. Credit
building is a process you can do on your own or in tandem with Whole Sale ShelfCorporations.