ASSETPROFILE GROUP, LLC

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

CALIFORNIA SHELF COMPANIES VS. OUT-OF-STATE(FOREIGN) COMPANIES FILED INTO CALIFORNIA.

Why not obtain a shelf company made in California? You're better off with a foreign (out-of-state) shelf company. Then file it into California. Read below to learn why this is the case.

Reason #1:

The seller of the shelf company has the responsibility of delivering a company that’s free from liabilities, back taxes and other problems. California shelf companies are troublesome because of the expected fees from the CA Franchise Tax Board that the seller fails to pay. You’re on the hook for those back fees after you buy the company.

Remember, the CA Franchise Tax Board seeks to tax any CA company at least $800 per year starting on the anniversary month. If your company was incorporated in July, then the CAFTB seeks their $800 annually in July.

If you buy a California shelf company, then the seller probably didn’t pay the annual $800 fee to the CAFTB. After you buy the CA shelf company, you’ll need to file and pay the CAFTB $800 for multiple years since the company is aged. Don’t forget the penalties and interest. Why? The seller didn’t register and pay. If he did, you’d pay an astronomical price for that CA shelf company. The seller wants to recoup fees and sell the company at a profit.


The solution? Acquire an aged shelf company outside California and then file it into CA as a foreign company. Then register with the CAFTB. You won’t be charged in arrears since the company hasn’t yet done business in CA until now. You’re safer with a shelf company from New Mexico or Montana filed into California as a foreign corporation or LLC.

Reason #2:

CA collects ownership information on the business through the business licenses on the county and municipal level. This is another reason why a California shelf company isn’t a good idea. Most sellers of California aged shelf companies didn’t file those business licenses. This means you’re in arrears after acquiring the company on the county and municipal level. And we know how California loves their late fees.

Reason #3:

California collects information on stockholders on the state or local level (business license). A change of ownership usually translates into resetting the age of the company to “new company” status– even though it may be several years old. Bankers consider companies as “new” when the stockholders change. As for states such as Montana, Wyoming and New Mexico; stockholder data is not collected. Therefore, the transfer of ownership is not transparent on the public record (when we sell you the company). When you file the company in CA, you are considered the first owner of the company and the age of the shelf company is retained.

 

3. File the shelf company in the state of California as a foreign corporation, file the county and municipal business licenses. We’ll update the shelf company Director and Officers according to your specified instructions. The bank will be glad to see that the Secretary of State information matches between California and where the company was originally filed. Banks like to see consistency in information across reporting platforms and compliance.

Why are Montana shelf companies best to file in California?

Banks and financial institutions are aware that shelf companies are commonly purchased from Wyoming, Nevada, and Delaware. As a result, they are more so hesitant to lend to companies from those three states. Montana and New Mexico isn’t known as a state that produces shelf companies. In fact, you probably don’t know anyone who has ever incorporated in Montana. That’s great! For this reason, Montana shelf companies are a superior choice when building business credit. Simply file the MT company into California, and you’re ready to build that strong foundation for your small business.

What's a foreign company? How does that vary from a domestic company?

In whatever state you live in, a company filed in that same state is considered a domestic corporation. A corporation filed in any other state is a foreign corporation. For example, a Wyoming corporation is domestic to the state of Wyoming. But it’s considered a foreign corporation in any other state. Likewise, a California corporation is domestic to the state of California. But a company filed in Delaware, Wyoming or other state is considered foreign to California.

 

Knowing the above, doing business in your state may require a “foreign filing” if the company was initially filed in another state.

How to Register a Corporation or LLC in a State CALIFORNIA

This manual does not tell you how to FORM a corporation or LLC, but HOW TO REGISTER your corporation or LLC.

Understand the Process of Qualifying as a Foreign Corporation in California
If your Corporation or LLC is from another state, it will be considered a Foreign Corporation or LLC.
Things You’ll Need:
Step 1: Is your entity name already in use?

Check to see if the name of the Corporation or LLC you are wanting to register is already in use. If your entity name is already taken, you may need to modify your entity name slightly to register in that state.

To check business names in California:

https://businesssearch.sos.ca.gov/

Step 2: Complete Application Form

Corporations – Foreign (Out-of-State or Out-of-Country)

Foreign Corporations (Filing Tips) Online Submissions
File Online for faster response
Fillable PDF
Print and submit via mail or in person
Fees
* If Filing outside of required filing period, no filing fee required.
Statement and Designation by Foreign Corporation - Stock
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$100.00
Statement and Designation by Foreign Corporation - Professional
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$100.00
Statement and Designation by Foreign Corporation - Insurer
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$100.00
Statement and Designation by Foreign Corporation - Nonprofit
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$30.00
Amended Statement by Foreign Corporation
--
$30.00
Registered Corporate Agent for Service of Process Certificate
--
$30.00

Statement of Information - Foreign Stock: Due within 90 days of initial registration and every year thereafter.

$25.00*

Statement of No Change: May be used after filing the initial Statement of Information if no changes have been made AND the Statement of Information is due.

$25.00
Resignation of Agent for Service of Process
--
No Fee
Corporate Disclosure Statement
--
No Fee
Certificate of Surrender
--
No Fee

Corporate Mergers
(mergers between corporations only)

--
--
$100.00
Interspecies Mergers (mergers between corporations & other business entities)
--
$150.00

Conversions
(conversion to a domestic stock corporation or other business entity - refer to conversions for the applicable conversion document/form & filing fee)

--

--

--

--
--
$50.00
--
--
No Fee

Substituted Service of Process
(on a corporation, for each corporation named)

--
--
$50.00

Name Reservations
(information and name reservation request form)

--
--
$10.00

Information Requests
(information, fees and records order form for requesting certificates, copies and status reports)

--
--
--

Special Handling & Preclearance and Expedited Filing Services
(information about service options and associated fees)

--
--
--
Foreign Limited Liability Companies (LLCs) (Filing Tips) Online Submissions
File Online for faster response
Fillable PDF
Print and submit via mail or in person
Fees
* If Filing outside of required filing period, no filing fee required.
Application to Register
--
$70.00
Name Change Amendment
--
$30.00
Certificate of Correction
--
$30.00

Statement of Information: Due within 90 days of initial registration and every two years thereafter.

$20.00*

Attachment to Statement of Information: Use if the limited liability company has more than one manager or member.

--

Statement of No Change: May be used after filing the initial Statement of Information if no changes have been made AND the Statement of Information is due.

$20.00
Resignation of Agent for Service of Process
--
No Fee
Certificate of Cancellation
No Fee
Limited Liability Company Mergers (mergers between LLCs only)
--
$70.00
Interspecies Mergers (mergers between LLCs & other business entity types)
--
$150.00

Conversions
(conversion to a domestic LLC or other business entity - refer to conversions for the applicable conversion document/form & filing fee)

--
--
--

Substituted Service of Process
(on an LLC, for each LLC named)

--
--
$50.00

Name Reservations
(information and name reservation request form)

--
--
$10.00

Information Requests
(information, fees and records order form for requesting certificates, copies and status reports)

--

--

--

Special Handling & Preclearance and Expedited Filing Services
(information about service options and associated fees)

--
--
--

California Taxes

Step 1:

Know that, since you are choosing to take advantage of all the rights and amenities of the state in which you are operating as a foreign corporation, you will be obligated to contribute to the health and wealth of that state. This may mean filing taxes and paying other fees within that state.
All California tax forms : http://www.ftb.ca.gov/forms/index.shtml

Corporations

LLCs

Tax General Information

Step 2:

Contact an attorney or firm who helps corporations register in foreign states to ensure that you are strictly adhering to the registration procedure.

Tips & Warnings

IS THIS INFORMATION CORRECT? PLEASE SEE YOUR TAX ADVISOR. CONFIRM BEFORE YOU FILE.

shelf corporations and llc details

SHELF CORPORATIONS AND SHELF LLC'S

BASIC OPERATIONS

BUILD CORPORATE CREDIT

REPAIR PERSONAL CREDIT

WARNING ON CALIFORNIA CORPORATIONS & CALIFORNIA LLC'S

THOUGHTS ON SUCCESS

BUILDING CORPORATE CREDIT
PREPARATION FOR BUILDING CORPORATE CREDIT
ORDER PROCEDURE

FILING YOUR SHELF CORPORATION OR SHELF LLC IN ANOTHER STATE

NATIONWIDE SECRETARY OF STATES, UNDER CONSTRUCTION

file llc in any state

Colorado shelf companies and filing information