ASSETPROFILE GROUP, LLC

AGED SHELF CORPORATION

WHAT Are AGED CORPORATIONs / AGED SHELF CORPORATION?

An aged corporation / aged shelf corporation is ready-made corporation that has been available for a period of time with no business activity, no liabilities and no assets.
old shelf companies
aged shelf corporation benefits

WHY USE AN AGED CORPORATION / AGED SHELF CORPORATION?

Aged corporations enabled you to established relationships as an older company, to compete with competitors immediately, and to establish a foundation quickly. Banking relationships, agreements, Dun & Bradstreet and rating systems are all factors to take into consideration whether an aged corporation is an appropriate fit to your business situation.

The age of the company greatly influences sales and marketing, which impacts bank deposits, and lending.

ADVANTAGES
WHAT ARE THE ADVANTAGES OF USING AN AGED CORPORATION / AGED SHELF CORPORATION?

An aged corporation will enable you to establish an immediate history and obtain a running start on the corporate image. You’ll be able to bid on state contracts, obtain lines of credit easier and obtain loans from the Small Business Administration. The accelerated marketing plan and boosted deposits greatly impact your access to loans and to meet requirements related to the SBA products and services.

 

Bank deposits and lending are strongly linked. Those deposits are dependent upon your ability to overcome objections. The age of the company has a substantial impact on establishing rapport, obtaining deposits from customers and establishing credibility.

 

There are companies who will only lease to corporations who have existed for at least 6 months. Why be delayed? Consider using an aged corporation to promote your corporate image and make it part of your business plan.

Many aged shelf companies are simply used to boost marketing efforts. Customers prefer to do business with a company that’s been around for years. Banks prefer to loan money to businesses that are at least several years old. Bidding opportunities are available for businesses that are two or three years old. These are several advantages to obtaining an aged shelf corporation or aged shelf LLC.

In short, these are the advantages of an aged shelf corporation:

BUSINESS ACTIVITY

SHOULD THERE BE ANY BUSINESS ACTIVITY FOR THE AGED CORPORATION / AGED SHELF CORPORATION?

You are better off acquiring an aged shelf corporation that has no business transaction history. This means the company has no risk of unseen pending litigation, budding tax problems, or upcoming bad press.

WHAT ABOUT AN AGED SHELF CORPORATION WITH AN EIN OR SIGNER ON THE BANK ACCOUNT?

On an industry wide basis these are the basic configurations of the available shelf companies on the market:

Aged corporation

NO Employer Identification Number (EIN): No Bank account. We offer companies with no EIN and no bank account. You are assured that the company has no back taxes, no debt, no liabilities, no bank account and no EIN. We offer eight year old shelf corporations for as low as $1995. For a list, please reach us at Assetprofile@gmail.com.

Aged corporation

NOMINEE EIN: No bank account. NOT AVAILABLE. We don't offer this type of company because nominee EIN's are prohibited. Nominee EIN's offer no privacy value. A company with an existing EIN may carry back taxes, unseen liabilities and other problems. We don't recommend this option to anyone.

Aged corporation

NOMINEE EIN: Nominee Bank account: NOT AVAILABLE. We don't offer nominee EIN's and nominee bank accounts. The nominee EIN's are prohibited. The nominee bank accounts attract problems. Further, the client remains responsible in signing on the tax return. Although these companies are available on the internet, you run the risk that the signer on the account may run off with your money, the funds may be frozen, or the business may be a victim of poor management. This is not recommended at all.

Why do we mention this issues? Nominee EIN’s are popular online because those who buy them are gullible as to their perceived benefits. But popular doesn’t mean that it’s a good idea. In fact, nominee EIN’s offer no value. Since you must sign on the bank account anyway, and the bank will transmit the signer’s ID to the IRS; what’s the point in obtaining a nominee EIN? There’s no point in it at all. And yet, you can scour the internet and find a few people who offer this ill-advised service of nominee EIN’s. Don’t let anyone convince you otherwise. In fact, run when they offer a nominee EIN.
Employer Identification Number

We don't offer nominee EIN's.

What about the nominee bank accounts?

As for nominee bank accounts, these are troublesome as well. Nominees that offer these services are a magnet for trouble-makers. Accounts may be frozen as a result of "guilt through association." A better solution is to simply hire a bookkeeper nearby. Make certain that the bookkeeper passes a background check. Also, get a signed statement from the bookkeeper that he or she is not the owner of the business. The bookkeeper may also ask you to sign a document that you will file all the necessary tax returns. Arrange for the bookkeeper to prepare the business tax return(s) and other matters if you deem it necessary.

Should I obtain an aged EIN with my aged shelf corporation?

An aged EIN is not necessary. On the contrary, an aged EIN is contrary to your best interest. When a company has an aged EIN, it means that the income tax returns had to be filed. And how do you know if they were filed correctly? On time? Accurately? What guarantee do you have? The EIN application is easy. You may obtain an EIN for the company online, on the phone or by fax; directly from the IRS. Don't be manipulated by scammers to buy a company because the company has an aged EIN. The EIN itself is random. Just buy your new or shelf company, apply for your EIN, and open your bank account. Nominees are not necessary and not helpful.

When the company you acquire already has an EIN, you must file for a new EIN after you buy the company. We suggest you visit IRS.gov for instructions on how to apply for the EIN, and the rules on the EIN.

SHOULD I WORRY ABOUT POSSIBLE LIABILITIES OF AN AGED CORPORATION?

Yes! Always be concerned if the person selling the aged corporation has engaged in any transactions that may produce some type of future liability for the corporation or its stockholders. Only buy from reputable providers who are in the business of selling aged corporations / aged shelf corporations. In addition, you should obtain a statement of indemnification which makes the seller responsible for any liabilities that he didn’t make clear, in case business was actually transacted with the aged shelf corporation. Check our sponsors and links here.

possible liabilities of aged corporations