Straight game but that credit limit is dependent on how much money the bank can see you have accounts tho regardless of credit score tho? School us
When you have an LLC and business you have a separete credit score for your business. You will need to establish a free duns number aka dun and bradstreet number, this number will be used 2 identify and setup your "Business credit report profile with Business Score" most Banks use a combination of your personal credit history and score along with your "Business credit history and score", you must have excellent credit because you got me wayyyyyyyyy ahead of schedule!!!
Here's the link 2 Dun & Bradstreet, you will need to establish a free EIN (Employer Identification Number) free of charge go 2 these links 2 get started, you will need 2 make sure you that your Business name is "Original"
and that you actually place the words "LLC" in your business name! For example, P. Diddy, ahem excuse me "Brother Love"
calls his record label "Bad Boy Records" but on his application for his "Articles Of Organization" he has to say write and file his Business name as "Bad Boy Records
LLC " your Business application will get rejected if it doesn't say
LLC in the Business name!!!
Bad Boy Records LLC Joint Venture for Warner_Music_Group (WMG)
"This excerpt taken from the
WMG 10-K filed Dec 1, 2006.
Bad Boy Records LLC Joint Venture
On April 8, 2005, the Company entered into an agreement with an affiliate of Sean “Diddy” Combs to form Bad Boy Records LLC (“Bad Boy”), a joint venture, owned 50% by the Company and 50% by the affiliate. The Company purchased its 50% membership interest in Bad Boy Records LLC for approximately $30 million in cash. Mr. Combs is the CEO of the joint venture and supervises its staff and day-to-day operations. The Company provides funding, marketing, promotion and certain back-office services for the joint venture. The transaction was accounted for under the purchase method of accounting, and the results of operations of Bad Boy are included in the Company’s results of operations from its acquisition date. The accompanying consolidated financial statements include the following allocation of the approximately $30 million purchase price to the Company’s share of underlying net assets based on their respective fair values: recorded music catalog, $9 million, artists’ contracts, $14 million; goodwill, $20 million; and other current liabilities, $14 million.
This excerpt taken from the
WMG 10-Q filed May 5, 2006.
Bad Boy Records LLC Joint Venture
On April 8, 2005, the Company entered into an agreement
with an affiliate of Sean “Diddy” Combs to form Bad Boy Records LLC (“Bad Boy”),
a joint venture, owned 50% by the Company and 50% by the affiliate. The Company purchased its 50% membership interest in Bad Boy Records LLC for approximately $30 million in cash. Mr. Combs is the CEO of the joint venture and supervises its staff and day-to-day operations. The Company provides funding, marketing, promotion and certain back-office services for the joint venture. The
11
Table of Contents
Warner Music Group Corp.
Notes to Consolidated Interim Financial Statements (Unaudited)—(Continued)
transaction was accounted for under the purchase method of accounting, and the results of operations of Bad Boy are included in the Company’s results of operations from its acquisition date.
This excerpt taken from the
WMG 10-Q filed Feb 14, 2006.
Bad Boy Records LLC Joint Venture
On April 8, 2005, the Company entered into an agreement with an affiliate of Sean “Diddy” Combs to form Bad Boy Records LLC (“Bad Boy”), a joint venture, owned 50% by the Company and 50% by the affiliate. The Company purchased its 50% membership interest in Bad Boy Records LLC for approximately $30 million in cash. The joint venture includes catalog and roster artists such as Notorious B.I.G., Mario Winans, Mase, Carl Thomas, B5, Boyz N Da Hood and Diddy. Mr. Combs is the CEO of the joint venture and supervises its staff and day-to-day operations. The Company provides funding, marketing, promotion and certain back-office services for the joint venture. The transaction was accounted for under the purchase method of accounting, and the results of operations of Bad Boy are included in the Company’s results of operations from its acquisition date.
This excerpt taken from the
WMG 10-K filed Dec 1, 2005.
Bad Boy Records LLC Joint Venture
On April 8, 2005, the Company entered into an agreement with an affiliate of Sean “Diddy” Combs to form Bad Boy Records LLC (“Bad Boy”), a joint venture, owned 50% by the Company and 50% by the affiliate. The Company purchased its 50% membership interest in Bad Boy Records LLC for approximately $30 million in cash. The joint venture includes catalog and roster artists such as Notorious B.I.G., Mario Winans, Mase, Carl Thomas, B5, Boyz N Da Hood and Diddy. Mr. Combs is the CEO of the joint venture and supervises its staff and day-to-day operations. The Company provides funding, marketing, promotion and certain backoffice services for the joint venture. The transaction was accounted for under the purchase method of accounting during the third quarter of fiscal 2005 as the Company bears a majority of the financial risks and rewards associated with the venture. The results of operations of Bad Boy are included in the Company’s results of operations from its acquisition date. The accompanying consolidated financial statements include the following allocation of the approximately $30 million purchase price to the Company’s share of underlying net assets based on their respective fair values: recorded music catalog, $9 million; artists’ contracts, $14 million; goodwill, $20 million; and other current liabilities, $14 million."
Bad Boy Records LLC Joint Venture for Warner_Music_Group (WMG)
http://www.dnb.com/perspectives/ent...n-s-number-how-you-can-benefit-from-both.html
Free D-U-N-S Number -- Dun & Bradstreet
How to Apply for an EIN | Internal Revenue Service
Apply for an Employer Identification Number EIN Online | Internal Revenue Service
It is my Greatest Dream 2 Create at least "300" Black Brehs & Brehettes with their own LLC's and then in turn have them teach other Black Brehs & Brehettes free of charge because this is Black Community Service & Economics 101, Matter fact you just inspired that thread title and with your suggestion 2 make a thread on it!
The Coli!
