HOW TO GET A DUNS NUMBER FROM DUN AND BRADSTREET
$2295 for a ten year old shelf company for a limited time. Ask for the list here.
CORPORATIONS AND SHELF LLC'S
Please Notice: Applying for corporate credit is more involved at this time due higher standards in application for credit. It's unlikely to obtain more than $100,000 in credit lines, involving no collateral and with no guarantor. Using a shelf company may be considered high risk in obtaining credit, regardless of the source. Results vary.
BUILD CORPORATE CREDIT
DUNS® IS OWNED BY DUN AND BRADSTREET. FOR OUR REVIEW AND THIS DISCUSSION, WE REFER TO IT AS THE "DUNS." WHAT IS IT AND WHERE DO I GET ONE? ARE CUSTOMERS OF DUN AND BRADSTREET HAPPY PAYING $229 FOR SOMETHING THAT IS FREE IN 30-45 DAYS?
What is a DUNS Number? DUNS means Data Universal Numbering Systems or D-U-N-S and its copyrighted by D&B. For the discussion here we call it the DUNS. It's a nine digit number by D&B to identify businesses, according to name and location. If the company is in good standing, dissolved or out of business, the DUNS is assigned to that business at that particular address. The DUNS leads to disclosure of company data; such as mailing address, DBA's, financial information, payment history and more.
Your business may acquire a DUNS for free in 30 to 45 days, or pay about $229 to get one in less than a week. That's right, D&B wants you to pay $229 to get the DUNS rather than wait a month to obtain it for free. D&B also wants you to pay $1399 to "update" your companies credit profile.
WHAT'S THE DIFFERENCE BETWEEN AN EMPLOYER IDENTIFICATION NUMBER(EIN) and D&B's DUNS?
An EIN is used to communicate with the IRS, and on company's tax returns. An EIN is also used by the bank to identify your company to look up accounts, loans, loan applications and other information. An EIN for your company is like a SSN for you as US human.
The DUNS is a number issued by D&B for identifying your company and to share information about your company. The DUNS is issued by D&B, a corporation. Although D&B sells information to the IRS, and the IRS may find out your company's DUNS number, the DUNS is not used to pay taxes.
HOW DO I GET A DUNS?
Clients reported the DUNS is free if you can wait a month. An online chat with a D&B representative confirmed that the DUNS is received within 30 to 45 days, free of charge. You can contact D&B directly for DUNS. Alternatively, you can apply for credit and a DUNS is assigned automatically within a month.
WHAT IF I WANT A DUNS SOONER AND DON'T WANT TO WAIT 30 TO 45 DAYS?
D&B drags their feet, about 30-45 days, to issue your DUNS. Many people perceive this as a way to convince you to pay the D&B fee of $229 to get the DUNS within 3-5 days.
To obtain the DUNS free, visit this D&B link:
D&B LIKES TO CHARGE A FEE TO CUT PROCESSING FROM 30-45 DAYS DOWN TO 3-5 DAYS.
Timing is important. We sell aged shelf companies for a fee. Aged companies cost more than new companies because they are older. In effect, you leverage time with an aged shelf company. By acquiring an aged company, you're jumping years ahead instead of starting business with a new company. Likewise, the various Secretary of States like to charge a fee to expedite processing of your company articles of incorporation. Just the same, D&B likes to charge a fee to "expedite" the issuance of a DUNS. The US Postal Service charges extra for Express Mail than First Class Mail. But if you really think about, why does it take 30 to 45 days to issue a DUNS? Our review of the D&B approach is that they are geared to collect fees. So, we're going to discuss several ways to get a DUNS.
The issue of time is a consistent practice, benefit and cost in business. Whether you mail something first class or send it Fedex, or pay the Secretary of State expedited handling carries a premium in pricing. D&B is no exception to this universal rule. Although D&B doesn't like aged shelf companies, they are not immune from charging about $229 to get a DUNS within a week, so you don't need to wait a month.
Check out this link on the promoting of their DUNS express service:
IS THERE A BETTER WAY TO GET A DUNS WITHOUT CONTACTING D&B?
Then do a text search for "Accuracy." Strange that D&B doesn't warrant for "accuracy, completeness, or timeliness of any of the data and/or programs(information) available at this D&B Site."
GET THE DUNS WITHOUT TALKING TO D&B
D&B doesn't tell you that you don't need to talk to them to get that DUNS. In fact, they insist you must "complete your incomplete business profile or credit profile." You don't need to complete any file at all. You don't need to pay them any money. Within a week or two from applying for business credit, D&B will call you repeatedly to "update" the information. If you don't talk to them, they issue a DUNS anyway! Why? They want to collect information about your business and sell it to others.
Wall Street Journal article: Credit Monitor's Hard Sell Under Scrutiny
Check out RipOffReport.com and the consumer's point of view on D&B:
ALWAYS BE TRUTHFUL WHEN APPLYING FOR A LOAN OR COMMUNICATING WITH D&B
D&B sells their information to the IRS. Yes, the IRS buys data from D&B. Whatever information you provide on a credit application, involving your business, is shared with D&B. And D&B shares that information with the IRS. If the information on your tax return doesn't match up to the D&B data, your business may be targeted for audit. Once you give any information to D&B, you're also giving it to the IRS. Be truthful to the IRS. Be truthful on all loan applications. And be truthful on any information given to D&B. Remember, any information on a business loan application is information shared with D&B and eventually the IRS.
The Better Business Bureau appears to be an advertising agency disguised as a non-profit. They charge a fee for the right to use the BBB logo. They are not a Bureau. They simply receive complaints. And as long as the merchant responds to the customer complaint, the BBB merchant(D&B) gets to keep their good rating of A+. Let me rephrase that so it sinks in. D&B only needs to respond to the complaint--not resolve the issue. But the number of complaints is an indicator of a possible problem. As of June 16, 2016, BBB.org lists Dun and Bradstreet, Inc. with 206 complaints. Search for the location at 103 John F Kennedy Parkway, Short Hills NJ 07078.
IS THERE ANY BLOWBACK TO D&B?
Yes, besides the negative press coverage of D&B's high pressure sales technique, and they admit D&B reports are possibly inaccurate. People are getting wise to DNB.com. Simply, if you know that D&B is selling information they admit is inaccurate, why buy their information? If they don't want to be accountable for the information they sell, then you have options: