CORPORATIONS AND SHELF LLC'S
WHAT TO DO LIST, AFTER ACQUIRING THE AGED SHELF
- Decide on business address
- Update your name and business address with
the Secretary of State
- File the company, as a foreign
corporation, in the state you seek to do business.
- File for DBA if necessary
- File the applicable business licenses on
the state, county and local level.
- Open Business Phone Number
- Fax Number
- Open Custom Domain
- Business Email
- 411 Directory Listing: Free
- Yellow Pages Listing
- Superpages Listing
- Yelp.com Business Listing
- Bing Business Listing
- Yahoo Business Listing
- Bank Account Setup
- Google Search Engine Listing
- Google Search Marketing Account Setup
- Bling Search Engine Listing
- Get a DUNS without paying DNB
- Build your credit profile without agreeing
BUILD CORPORATE CREDIT
REPAIR PERSONAL CREDIT
SMALL BUSINESS ADMINISTRATION TRAINING
WARNING ON CALIFORNIA CORPORATIONS & CALIFORNIA
THOUGHTS ON SUCCESS
Wyoming Registered Agent, $75 per year
Full Mail forwarding & Virtual Office, $400
Full Mail forwarding & Virtual Office, $200
Please call 307-237-2580
PROTECTION FROM IDENTITY THEFT
- Periodically check the Secretary of State
to make sure the corporate officers are accurate, and weren't changed by an
- When writing checks to pay credit cards,
place the last four numbers on the check. Don't write the entire
credit card number on the check.
- Photocopy the contents of what's in your
wallet. Keep those copies with someone that you trust.
- Place your initials on your checks.
Don't print your full name.
- On back of credit cards, sign "check photo
- Place work number on the check, not your
home phone number.
- Contact the following groups to place a
fraud alert on your name and SSN, and when your info is stolen:
Experian (formerly TRW): 1-888-397-3742
Trans Union: 1-800-680-7289
Social Security Administration (fraud line): 1-800-269-0271
COURTESY: Blue Delta
- Renew Wyoming Company
- Renew New Mexico Company
Please call 484.256.4563 or
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.
Our companies are always in good standing.
There are other providers, who sell aged shelf
companies, that are over five years old. Many times, these
companies were not consistently in good standing and were dissolved as a
result. 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 and
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.
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.
Company Fraud : Fake and Fraudulently Reinstated Shelf Companies
Be careful not to buy a
company from an incorporator who reinstates corporations. A
reinstated shelf company is not legitimate if the original owners didn't
consent to the filing. That's right! The owners must consent
to the filing. In fact, the bank or
financial institution will not honor the age of a shelf company from the
date of incorporation, if it was reinstated. From the perspective
of the bank, the shelf company's age restarted from the date the company
was reinstated. This means that a 100 year old company's age is
one year if it was reinstated this time last year. It's not an 100
year old company because it was dissolved or inactive for the past 20
years, for example.
The seller of the aged shelf
company may tell you that the 100 year old shelf company is actually
100 years old. Yes, the papers look official because they are from
the Secretary of State. But, so what? The manner
in which the bank perceives the age of the company differs greatly from
the incorporator who is trying to sell you the company. So,
where's the fraud? An incorporator who convinces you to buy an expensive
company, whatever the age, but doesn't tell you the truth of how banks
make decisions--is engaging in fraud. This applies when the
incorporator knows that you're seeking to build business credit with
this company your buying.
The second part of this fraud
is due to many shelf companies reinstated without the owner's
permission. The scammer came along and reinstated an expired company
and the proper owners are left unaware. This is dangerous on
several levels. First, reinstating a company that doesn't belong
to you is illegal. Mail fraud comes to mind immediately.
Second, selling you a company that was illegally reinstated is also
another act of fraud. And finally, applying for an EIN and opening
a bank account under a company that doesn't really belong to you are
felony acts that may carry federal consequences. This is not worth
the risk. The seller may also be engaging in wire fraud or mail
fraud in receiving the funds, and that may even be considered an act of
Simply because someone
presents to you a certificate of good standing, and a filed set of
articles of incorporation, doesn't mean that they own the company.
And if you do business using a company that didn't belong to the seller,
it doesn't belong to you. Receiving stolen property is serious
business. Civil and criminal penalties are
possible, and likely. This is a business identify theft on all
An additional problem is that
the reinstated company may carry unseen problems such as bad debts, back
taxes, unfiled tax returns, and judgments. Imagine investing your
life, energy, time, and effort into a company that you thought you
owned, but don't, and then receive a visit from the IRS. Why
stress yourself out and spin your wheels?
You are better off acquiring
an aged shelf company that is filed and maintained by the same
individuals. We don't sell reinstated companies. We only
sell companies that we filed, we maintained in good standing every year,
and we sell only once. You are then considered the original owner
because we are the incorporator.
If you follow the simple rule
that you don't take what belongs to someone else, and you don't buy
stolen stuff, a world of hurt is easily avoided. Don't be
convinced otherwise by those who are dishonest and dark minded, and
won't hesitate to complicate your life in the process.
If you suspect your business
is a victim of identity theft, please access these resources as a
NASS White Paper on
Business Identity Theft
NASS Business Identity
Theft Presentation October 2011
Business Identity Theft Tool Kit July 2011
IRS on Business Identity Theft
You're welcome to call us at 484.256.4563
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.
Why acquire an
aged shelf company to start your business?
corporate credit with an aged shelf corporation or shelf LLC?
- Make money by offering your product and services
with confidence, credibility and stability.
- Instant access to customers who otherwise
wouldn't buy from you.
- Instant access to vendors because your aged
company meets an age requirement
- Save time because you don't need to wait for
your corporation or LLC to age. Simply acquire a real aged
company off the shelf.
- Reduce your effort to meet business
- Reduce stress about your business.
- Impress your customers, vendors, suppliers,
supporters, advertisers, etc.
- Maximize finance options.
- Obtain better financing
- Increase and
- Instant credibility.
- Access bidding
- Better positioning to
take advantage of opportunities.
- Meet unforeseen demands
to meet obligations.
- Make it easier to close sales and handle
- Avoid hassles when signing leases and rental
agreements for space or for equipment.
- Minimize risk of business failure due to an
enhanced ability to close the sale, increase revenue, and negotiate
- Access additional lines of credit as a
result of increased revenue. Vendors and customers seek to do
business with a company that's been around for years rather than
CORPORATE CREDIT: WHAT TO AVOID...WHAT TO DO
Don't delay in incorporating.
Incorporating a new company is better than not incorporating at
all. And older corporation is a great advantage in
overcoming the age hurdle immediately. Most competitors
won't consider it.
Don't pay for the DNB corporate
credit package. You don't need it, or them.
makes money from selling reports about your company. When
your company applies for any credit, DNB will issue a DUNS
number automatically so it can sell reports about your company.
Therefore, you don't need to pay DNB for a "quick" registration.
Save your $500+ and spend it on marketing.
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
personal assets. As a sole proprietor, you have
unlimited liability. The use of a corporation or LLC
provides limited liability.
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
information. Although your name is on the corporation or
LLC as the Director/President or Manager, the address of the
company should be a business address.
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 unless
collateral is required for the necessary level of financing.
the family assets and obligations separate from the business.
Only use the family assets when you accept the total commitment
of that collateral and what would happen if the collateral is
Don't use your personal credit as
guarantor for a business loan unless it is absolutely necessary.
Apply for credit under the company name to develop a company
credit profile that is separate from your personal credit
Don't ignore special status.
offers special status such as Women Business Enterprise,
Women-Owned Small Business, B(A) Business Development Program,
Minority Business Enterprise, Disadvantaged Business Enterprise,
Historically Underutilized Business Zones, and Service-Disabled
Veteran-Owned Small Business
Don't ignore business licensing
Compliance is a prerequisite to getting funded. Obtain the
business licensing and insurance required by your state.
Don't ignore the business plan.
Since most people don't have a business plan, they lose out on
opportunities, cost cutting measures, and execute poor
accounting measures. They don't know where they are going.
Business plans help business owners stay focused. And they
assist in keeping things into perspective in how the business
sits among competitors, the industry, location, break even
point, advantages, risks, customer profile, marketing plan,
objectives, management, operations, financials, goals, and other
issues. This is an advantage for people who plan because
most people won't plan at all. How many people heard of
the business plan but refuse to consider one? But they'll
plan a vacation to every detail.
Don't ignore business financials.
bank wants to see your business' cash position, cash on hand,
income sales, expenses, and repayment terms on loans.
Don't ignore yourself.
Critical information about you: Your financials,
collateral, loan terms, interest rate, personal credit score,
and reason for the loan.
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
Search for a corporation or LLC by state
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