To become an officially recognized business entity, you must register with the government. Corporations will need an "articles of incorporation" document, which includes your business name, business purpose, corporate structure, stock details and other information about your company. Otherwise, you will just need to register your business name, which can be your legal name, a fictitious "doing business as" name (if you are the sole proprietor), or the name you've come up with for your company. You may also want to take steps to trademark your business name for extra legal protection.
Once you get to a million dollars in revenue, your odds of funding increase exponentially. Banks, for example, look at funding strictly from this perspective. Banks don’t care what kind of company you are—they simply look at your profit/loss statement and make a decision. If you’re a profitable company with a million in revenue and good personal credit score, there’s a good chance that a bank will lend you up to $200,000.
BlueVine’s maximum loan of $5 million is the highest we evaluated, and the convenience of not having to make payments can make this loan easier to manage than some other options. Qualifying invoices need to be due in 90 days and owed by either the government or another business. BlueVine advances 85% to 90% of the invoice upfront, with the remainder paid out when the invoice is satisfied by the customer, less BlueVine’s fee.
Now, making money online should seem like a pleasurable activity. Why wouldn't we do just about anything to see things through, since it would be a major source of pleasure, right? Wrong. In the beginning, like anything else, we might get really excited about it. We might also set our hopes very high. But that all comes crashing down when we begin to fail.