Enhance your marketing
campaign with an aged shelf corporation. Gain increase access to
Prospective clients prefer to
buy from an business two years old than one that's two weeks old.
Consider credibility and stability part of your marketing plan.
Business start-up is more
convenient when you have a corporation or LLC that's immediately
Have access to enhanced
Build corporate credit
- Use our mail forwarding
address while the company files as a foreign entity in your state.
- We throw away junk mail.
- We provide corporate
resolutions to protect the corporate veil.
- Obtain limited liability
in your business affairs. We call this asset protection.
- Enhance a business loan
should you start building corporate credit?
Start building corporate
credit from day 1. Time is necessary to apply for credit, locate
the lenders, and establish a positive payment history. Time is
also needed for that good history to post to the business credit
name of the shelf company important? Should I change the name of
Remarkably, the name of
the shelf company is NOT as important as you think. What you do
is more important than the name of your company. But you still
want a catchy name, right? Obtain the shelf company and file it in
your home state. Then determine if the preferred name is available
in your home state. File a Doing-Business-As (DBA) in that state,
if the name is available.
I change the name of the shelf company?
No, lenders consider name
changes as a new company. If you seek to max out available
financing, stay away from name changes.
What do I
get with my shelf company?
resolutions, operating agreement (LLC), bylaws (Corporation), release of
control over the company.
I look for in looking for a shelf company?
- It's clean of
- Seller of shelf
corporation or shelf LLC will guarantee claims that it's clean.
- No previous owners.
- Ample selection of
- Reasonably priced.
use a virtual office?
virtual office industry is great for convenience but NOT for companies
applying for corporate credit. When too many companies share an address
and donít pay off their loans, an address may be flagged. In the effort
to look legitimate, the company looks suspicious because too many
companies occupied that address and a few didnít pay their loans.
you do about the company filing in your home state?
company in your home state. You can serve as the registered agent for
the company. The registered agent is the point of contact for the
company in case the government, or court, seeks information about the
company. File the company in your home state as a foreign LLC or
be the corporate officers?
will request that you serve as Director and Officer of the company
thatís applying for corporate credit.
have privacy or corporate credit. But you may not have both at the same
time with the same company. We sell shelf companies to empower
business owners to access capital. Privacy services are not
What about offshore shelf companies?
companies from Nevada, Wyoming, and New Mexico. We haven't
identified any benefit in obtaining an offshore shelf company to build
corporate credit or to obtain capital. We don't recommend it.
Will a shelf company help me save money on taxes?
No tax savings
offered or promised. The lender will ask you to file the shelf
company in your home state before applying for financing. There
are no taxes savings other than what's provided after you incorporate
any other business. Check with your tax advisor.
Do you have aged corporations with aged EINís?
EINís are random numbers. They are not sequential. Therefore, you
really canít tell if the EIN is new or old. This is a common question
by those who seek to build corporate credit. If having an ďaged EINĒ
were of benefit, we would apply for them. Those selling corporate
credit programs commonly present this as misinformation. Furthermore, a
corporation without an EIN is more likely free from liabilities.
Your competitors offer nominee EIN's. Why don't you?
The IRS decided
that nominee EIN's are not acceptable. We comply with IRS rules
and regulations. We don't offer nominee EIN's. If you obtain
a nominee EIN, you're asking for problems. We service clients who
seek to comply with the law.
Is my interest in the company hidden?
applying for corporate credit, you must disclose your interest in the
company to the bank. Financial institutions need to know your
connection and interest to the company before lending money. If
you're seeking corporate credit, there's no privacy. Your name
must be on the public record and you cannot use a "nominee" as Director
Must I use my social social security number to apply for the EIN?
SS4 with the IRS. Please visit IRS.gov for instructions and
details. We don't provide nominee EIN's.
What about a business license?
BusinessLicenses.com to determine what licenses you may need.
First file the
company in your state as a foreign corporation. Then file the
county and city business license as required in your area.
What needs to be done after I obtain the company?
Apply for EIN,
apply to do business in the state in which you seek to do business, apply
for the local or state level business license, build the corporate
credit, apply for financing.
Can I convert the corporation to an
LLC? LLC to a corporation?
No, the lenders consider this a new
If I have good credit, how long will it
take to build corporate credit?
If I have bad credit, how long will it
take to repair it?
1-3 months to repair your personal credit,
then 4-6 months to build corporate credit. Sometimes, it may take
Can I select any business name?
Try to stay away from companies that
possess the following words in the company name: Funding,
Investment, Holding, Capital, or Real Estate
Why don't you publish the names of the
aged shelf companies online? I don't see them on your website.
We respect your privacy and your affairs.
Whether you acquired an existing company is your business. By
publishing the list of available aged shelf companies online, the seller
is claiming to the world that these available entities are for sale.
We don't think this works in the best interests of the client.
We prefer to email you a list of available
aged shelf companies so we may protect your interests, when you acquire
the entity. In this manner, you reserve the choice to tell others
whether you acquired an existing company.
Inquire whether the aged shelf company
was consistently in good standing.
There are providers, who sell aged shelf
companies, that are over five years old. Many times, these
companies were not consistently in good standing. As a result,
when the company is researched by a lender or credit rating outfit, the
shelf company itself may be "red flagged." This may prevent the
obtaining of financing. If the company wasn't always in good
standing, the age of the company may be reset to when it was brought
"back from the dead."
All of our companies are home grown.
We don't acquire them from others. We file the corporations and
LLC's ourselves, maintain them in-house, and we make certain that they
are always in good standing. This results in a quality company
that you may rely on to build corporate credit.
When does the age of the aged shelf
company translate into a liability?
A company that is over five years old, and
has nothing to show for it in terms of assets, may be perceived as a
strange bird. Let's place you in the position of the banker or
financial institution. You're the banker and company owner
approaches you for a loan. The company has no assets despite being
five years old. Don't you think this is strange? How can a
company be in business for five years and accumulate nothing?
A two or three year old company normally
lacks any assets of substance. But as we approach five, seven or
nine years, there comes a time when the business must "put up or shut
up." As a result, obtaining an aged shelf company that is two to
three years old helps substantially. However, obtaining an aged
shelf company that is five years old or older, may lead to additional
inquiries and expectations. Considering that an aged shelf company
that is five years old costs about $5000, that additional cost doesn't
translate anything into added value or benefit.
Solution: Keep your costs low.
Obtain a two to three year old company and don't overspend.
There's no need to buy a five year old entity, or something older, when
it will not translate into an advantage.
Where do the business credit bureaus
- Public records
- Court and judgment records,
lawsuits, and UCC and other liens
- Business registrations
- Yellow pages
- 411 information
- Telephone interviews of the
- Reports from creditors and other
- Website information
- Financial reports
- Reports from suppliers
Do a self-assessment of your
Age of the shelf company: If
you're company is less than two years age, lenders will not extend
A business license shows your business in compliant. It also
reflects the owners of the company. A business license was not
recorded for any of our shelf companies because it wasn't required.
When you obtain a business license for the shelf company in your state,
you will be the first owner of record as listed on the application.
you obtain the shelf corporation or shelf LLC, you will need to file the
company in your state, and obtain a business address. You
have a great advantage if you operate from a business zoned address.
Home addresses are ranked lower and get less financing. A
cost-effective solution is to make a list of businesses that do business
with you. Consider your real estate agent, life insurance agent,
dry cleaner and others. Offer to pay them $100 a month to rent desk
space and to pick up your mail. Then use their commercial address
for the business. Don't use a virtual office such as a UPS
location, or other virtual office services. This is because too
many businesses are registered at
If no revenues, use sales projections. Our shelf companies had no
sales because they didn't have any business activity.
EIN: You need an
EIN to open bank accounts, and to do business. Our shelf
corporations have no EIN. You must apply for the EIN with the IRS
using form SS4.
Number of Employees:
Consider your paid professionals (tax advisors, attorney, business
consultant). Our shelf corporations have no employees and owe no
Information required: For
store credit, a DUNS number is required. Depending on which
financial institution, the amount of financing requested will determine
if additional information is required.
When you obtain financing, the bank will require you set up a new
account. As such, your present account would then serve as a
secondary account. Expect to set up the account in the same
financial institution that extends credit. Our shelf companies
have no EIN and no bank accounts.
Shelf companies with existing
EIN's and existing bank accounts carry am inherent risk of suspicious
business histories, back taxes, liabilities and potential lawsuits due
to unpaid obligations. Consider this: Who would sell a two
year old shelf company with an EIN and a bank account unless it went out
of business? What obligations are they attempting to avoid?
Because of these considerations, always avoid a shelf corporation or a
shelf LLC with an EIN or an existing bank account. The safest
company is one with no EIN and no bank account at all. After
acquiring the company, you then file for the EIN and open the bank
The EIN is free from the
IRS. You, as the owner, should apply for the EIN. Don't pay
for a nominee service to obtain the EIN.
company should have a website and a dedicated email account. The
website name doesn't need to match the name of the shelf company.
Further, you are able to obtain a Doing-Business-As(DBA) for the company
so it matches up with the website.
The phone should be a physical landline, not a VOIP line. Register the
number with 411 services. If you obtain and internet line, you
won't be able to register with 411. The telephone number must be
in the name of the business; not in your personal name.
Aged shelf corporations and
LLC's offer no tax advantages. We're not attorneys. We're not
tax advisors. Aged corporations are not an advantage if you intend
to do business with the government.
corporate credit with a shelf corporation or shelf LLC?
- Maximize finance options
- Obtain better financing
- Extend cashflow
- Instant credibility
- Access bidding
- Better positioning to
take advantage of opportunities
- Meet unforeseen demands
CORPORATE CREDIT: WHAT TO AVOID...WHAT TO DO
Not paying bills on time.
bills on time.
Don't use personal credit to
finance business operations.
Obtain credit in the company name.
Don't place your house and other
assets at risk. Don't use your home office to build
Incorporate. Obtain a business address for the company.
Don't post collateral from
personal assets for business operations. It makes them
vulnerable to loss.
risk is acceptable if you're reasonably sure that it's necessary
and there's a likelihood of success. Otherwise, it's a bad
Don't commingle business and
Don't build business credit as
a sole proprietorship. Don't use the EIN of the company to
apply for corporate credit. An EIN is not a new SSN.
assets separate from business assets.
Then place business assets in
your business. Don't commingle personal and business
assets. Separate is good.
Don't commingle contact
business contact information separate from your personal assets.
This means a separate phone number, separate fax number and
address. Efax.com and a virtual office, or mail drop, may
help accomplish this objective.
Don't use family assets.
the family assets and obligations separate from the business.
Don't commingle credit histories.
your credit file separate from your spouse, separate from others
(co-signer) and separate from your business.
information, please click
PREPARATION FOR BUILDING CORPORATE CREDIT
- Lenders require full
transparency. This means your name is listed on the public record.
- Don't use a nominee
officer/contract officer if you're applying for corporate credit.
- Lenders prefer companies
that are at least two years old.
- File the WY company in
your home state as a foreign corporation
- Obtain a commercial
address where you intend to do business
- Obtain the phone number,
using the commercial address as the billing address
- Register the phone
number with 411 information services
- Be honest on all
applications for credit
- You're ready!
Start building corporate credit. Call
307.237.2580 for a referral.
1. Choose the shelf company for
2. We send a custom order form
3. You approve the order and fax to
our number, 702.920.8824
4. We process the order after
5. The documents we have on file are sent
via USPS Express Mail
6. We order a new set of documents
from the Secretary of State
7. You provide an updated list of
officers and the new company address
8. You apply for the EIN and the bank
9. You file the company in another
state and update that information with us.
YOUR SHELF CORPORATION OR SHELF LLC IN ANOTHER STATE
NATIONWIDE SECRETARY OF STATES, UNDER
Arkansas Secretary of State
Arizona Corporation Commission
California Department of Corporations
California Shelf Companies
Secretary of State
> Colorado shelf companies and filing
Secretary of State
District of Columbia
Florida Secretary of
Florida Breakdown Here
Georgia Secretary of
Shelf Corporation/Company Breakdown
Idaho Secretary of State
Illinois Secretary of State
Indiana Secretary of State
Iowa Secretary of State
Kansas Secretary of State
Kentucky Secretary of State
Louisiana Secretary of State
Maine Secretary of State
Maryland Department of Assessments
Michigan Department of Consumer
and Industry Services
Minnesota Secretary of State
Mississippi Secretary of State
Missouri Secretary of State
Montana Secretary of State
Nebraska Secretary of State
Nevada Secretary of State
Secretary of State Corporations Division
New Jersey Secretary of State
New Mexico Secretary of State
North Carolina Secretary of
North Dakota Secretary of State
Ohio Secretary of State
Oklahoma Secretary of State
Oregon Secretary of State
Department of State - Corporation Bureau
Secretary of State
South Carolina Secretary of State
South Dakota Secretary of State
Tennessee Secretary of State
Texas Secretary of State
Utah Secretary of State
Secretary of State
Virginia State Corporation
West Virginia Secretary of State
Wisconsin Department of Financial
Secretary of State