ForumsStarting a Business

125, Once you have incorporated, you receive a Federal I D Number ( Business Tax ID)
Once you have a Fed I D Number, then you open a business checking account
and apply for the Credit Card. You DO NOT NEED TO WAIT FOR INCOME.
Everybody in business should have an Accountant, a Lawyer and maybe an Insurance Agent,
Your business sounds interesting
Your primary area of expertise is in Image Analysis, Programming and IT consultation/training.
Duration:
This has been ongoing since April 15 2007 and we have already generated revenue as an individual proprietorship.
Do you know about SCORE?? SCORE is FREE and help businesses succeed.
Good luck, LUCKIEST

The number of credit cards you get are up to you. I personally use 4 different cards. Each card has different purposes so that is easier for me to keep track of different expense categories. some can do it all with one but I am kind of like to keep the paperwork easy for me.

As far as getting a credit card before sales, trust me that companies will notice your new company tax number and will send you offers from all over. Thsi is from my personal experience. You will have your pick soon enough.

Jim

There's no particular advantage in waiting until you have revenue to apply for a business credit card. As Puzzleman indicated, it only takes a couple of weeks from when your business registration is filed to start getting business credit card applications in the mail from pretty much everyone that offers a business card.

Keep in mind that it can potentially have a negative impact on your credit rating to get carried away and apply for too many in a short time frame, as each credit application will generate a separate inquiry. So as Luckiest indicated, it's good to choose and apply for one bank (Visa) card, an AMEX card if desired, and a couple of cards with vendors/suppliers that will help your business establish its own credit history.

If you have good personal credit, the issuer will probably set your credit limit adequately high to begin with -- but if not, you can easily ask for it to be increased when needed. My bank and AMEX were both very accommodating in that regard when I won a contract that was significantly larger than anything I had done up to that point (and I needed to purchase a volume of supplies and materials that were beyond my credit limit at the time). That's one advantage in visiting with your banker on occasion and keeping him/her aware of your situation.

Hope this helps. Best wishes.