Shelf corporations and shelf llc to build corporate credit

A S S E T P R O F I L E . C O M

WYOMING SHELF COMPANIES . WYOMING SHELF LLC'S .

BUILD CORPORATE CREDIT . LIMITED LIABILITY . INCREASE CREDIBILITY WITH A COMPANY

(307) 237.2580

ENHANCE YOUR BUSINESS PLAN WITH A SHELF CORPORATION OR LLC FROM WYOMING OR NEW MEXICO.

$1200 for a five year old shelf company for a limited time. Ask for the list here. When is an LLC better than a corporation?

NEVADA CORPORATION/LLC vs. WYOMING CORPORATION/LLC vs. NEW MEXICO LLC
NEVADA CORPORATIONS & NEVADA LLC'S	WYOMING CORPORATIONS & WYOMING LLC'S	MONTANA CORPORATIONS	NEW MEXICO LLC'S
Nevada Secretary of State $325 annual fee	Wyoming Secretary of State $50 Annual fee	Montana Secretary of State $15 Annual fee	New Mexico Public Regulation Commission $0 Annual fee
NEVADA HAS A 16.7% CHANCE OF DEFAULT ON THEIR DEBT! STATE FEES ARE GOING UP! CAUTION: Nevada corporations require a business license: Now up to $200, Caution: Not filing the annual business license jeopardizes the corporate veil in Nevada. Nevada business license requires SSN, DOB and other info of officers and owners. Proof here. Late penalty is $100. PLUS, the annual list of officers is $125. That's $325 per year in NV state fees.	Wyoming Corporation or Wyoming LLC: Business license NOT required.	Business License not required. Same protection as Wyoming for less in state fees.	No annual report required for New Mexico LLC's. LLC's in New Mexico are a great choice because there's no maintenance. Corporations are not advisable in New Mexico.
Moderate respect for property rights. State business license requires DOB, SSN, and percentage of ownership. Nevada sells their information to database companies. Managers are public. Complete management and ownership information is released from the State of Nevada.	High respect for property rights and protection of property interests. Excellent charging order protection. Private. Members are private. Managers are made public.	High respect for property rights. Owners/stockholders are not reported.	Moderate respect for property rights. Managers and members are private.
Nevada state renewals: $125 for annual list of officers and $200 for the business license. Filing fees are going up to cover State debts.	Wyoming annual renewal: $50 State of Wyoming is in the Black...no state debt. Fees are staying level.	Montana annual renewal: $15 State of Montana is in great financial shape. No need to increase fees.	No annual fee for New Mexico LLC 's. No annual report. Expected to stay the same.
Companies may be expedited within 24 hours. Certificates of good standing are expensive, and require an expedite fee.	No expedite procedure. Usually one week to file a new company or any amendments. Certificates of good standing are free and may downloaded online, and printed immediately.	Download online any certificate of good standing.	Two weeks to file a new company. For shelf companies, it takes two weeks to obtain a certificate of good standing.

MORE INFO

READY MADE COMPANIES IMMEDIATELY AVAILABLE

BUILDING CORPORATE CREDIT

SHELF CORPORATIONS AND SHELF LLC'S

BASIC OPERATIONS

BUILD CORPORATE CREDIT

REPAIR PERSONAL CREDIT

How to repair personal credit

WARNING ON CALIFORNIA CORPORATIONS & CALIFORNIA LLC'S

Directors and Officers may be held liable for the debts of a California corporation or California LLC.

THOUGHTS ON SUCCESS

Thoughts on wealth, success and your small business.

SERVICES

Wyoming Registered Agent, $75 per year
Full Mail forwarding & Virtual Office, $400 per year
Full Mail forwarding & Virtual Office, $200 per year
Please call 307-237-2580

PROTECTION FROM IDENTITY THEFT

Suggestions:

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 id".
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:

Equifax: 1-800-525-6285
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

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Enhance your marketing campaign with an aged shelf corporation. Gain increase access to corporate credit.

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 available.
Have access to enhanced contract opportunities
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 application.

When 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 bureaus.

Is the name of the shelf company important? Should I change the name of the company?

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.

Should 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?

Original articles, resolutions, operating agreement (LLC), bylaws (Corporation), release of control over the company.

What should I look for in looking for a shelf company?

It's clean of liabilities.
Seller of shelf corporation or shelf LLC will guarantee claims that it's clean.
No previous owners.
Ample selection of companies.
Reasonably priced.

Should we use a virtual office?

The virtual office industry is great for convenience but NOT for companies applying for corporate credit. When too many companies share an address and don’t 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 didn’t pay their loans.

What shall you do about the company filing in your home state?

File the 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 foreign corporation.

Who should be the corporate officers?

Lenders will request that you serve as Director and Officer of the company that’s applying for corporate credit.

What about privacy?

You may 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 offered here.

What about offshore shelf companies?

We offer 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 EIN’s?

No. EIN’s are random numbers. They are not sequential. Therefore, you really can’t tell if the EIN is new or old. This is a common question by those who seek to build corporate credit. If having an “aged EIN” 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?

No. When 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 or President.

Must I use my social social security number to apply for the EIN?

Yes. Form SS4 with the IRS. Please visit IRS.gov for instructions and details. We don't provide nominee EIN's.

What about a business license?

Visit 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 company.

If I have good credit, how long will it take to build corporate credit?

4-6 months.

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 less.

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 obtain information?

Public records
Court and judgment records, lawsuits, and UCC and other liens
Business registrations
Yellow pages
411 information
Telephone interviews of the company principals
Reports from creditors and other companies
Website information
Financial reports
Reports from suppliers

Do a self-assessment of your business.

Age of the shelf company: If you're company is less than two years age, lenders will not extend credit.

Business Licenses: 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.

Location: After 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

Annual revenues: 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 employment tax.

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.

Bank accounts: 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 account.

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.

Websites: Your 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.

Phone Numbers: 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.

Why build corporate credit with a shelf corporation or shelf LLC?

Maximize finance options
Obtain better financing terms
Extend cashflow
Instant credibility
Access bidding opportunities
Better positioning to take advantage of opportunities
Meet unforeseen demands

CORPORATE CREDIT: WHAT TO AVOID...WHAT TO DO

DON'T DO	DO
Not paying bills on time.	Pay 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 corporate credit.	Incorporate. Obtain a business address for the company.
Don't post collateral from personal assets for business operations. It makes them vulnerable to loss.	This risk is acceptable if you're reasonably sure that it's necessary and there's a likelihood of success. Otherwise, it's a bad idea.
Don't commingle business and personal assets. 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.	Incorporate! Keep company 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.	Keep 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.	Keep the family assets and obligations separate from the business.
Don't commingle credit histories.	Keep your credit file separate from your spouse, separate from others (co-signer) and separate from your business.
For more information, please click here.

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.