12
Jul
Business Credit: Required information for obtaining a DUNS number
Comments
Required documentation and information for obtaining a DUNS number” (preparing for the application)
At some point, you may need to obtain a DUNS number to do business with the US government or other companies. A DUNS number, which stands for Data Universal Numbering System, is a unique nine-digit code used to identify and track businesses’ credit histories. In this article, we will provide you with a comprehensive guide on the required documentation and information for obtaining a DUNS number.
Business Information
1. To obtain a DUNS number, you will need to provide your business information. This includes your legal business name, address, and phone number. Ensure that the information p rovided is accurate and consistent with the information on your legal documents.
Legal Structure
2. The next thing you need to provide is your business’s legal structure, which can be a sole proprietorship, partnership, corporation, or limited liability company (LLC). Ensure that you have all necessary legal documentation to support your legal structure.
Business Start Date
3. You will also be required to provide your business’s start date. This is the date when you started conducting business activities. If you are unsure about the exact date, you can provide an approximate date.
Business Operations
4. Provide a brief description of your business operations, including the type of products or services you offer. Be specific and avoid general descriptions.
Business Registrations
5. Ensure that all your business registrations, including your employer identification number (EIN), are current and up-to-date. If you do not have an EIN, you will need to apply for one with the Internal Revenue Service (IRS).
Banking Information
6. You will also be required to provide your business’s banking information, including your bank account number and routing number. This is necessary to verify your business’s financial stability.
Trade References
7. Trade references are individuals or businesses that you have done business with in the past. You will need to provide at least three trade references, including their name, address, and phone number. This will help to verify your business’s creditworthiness.
NAICS Code
8. A NAICS code, which stands for North American Industry Classification System, is a six-digit code used to classify businesses based on the type of goods or services they offer. You will need to provide the NAICS code that corresponds to your business’s industry.
SIC Code
9. Similar to a NAICS code, a SIC code, which stands for Standard Industrial Classification, is a four-digit code used to classify businesses based on the type of goods or services they offer. You will need to provide the SIC code that corresponds to your business’s industry.
Purpose of DUNS Number
10. Finally, you will need to provide the purpose of obtaining a DUNS number. This could be for government contracts, credit applications, or to establish credibility with potential customers.
In conclusion, obtaining a DUNS number can be a daunting task, but it is essential for doing business with the US government or other companies. By following the above steps, you can ensure that you have all the required documentation and information needed to obtain a DUNS number successfully.
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