ENHANCE YOUR BUSINESS PLAN
READY MADE COMPANIES / REDDI CORPS for SALE.
READY MADE COMPANIES IMMEDIATELY AVAILABLE
- 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.
corporate credit
Enhance your marketing campaign with an aged shelf corporation. Gain increase access to corporate credit.
When should you start building corporate credit?
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?
What do I get with my shelf 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?
Who should be the corporate officers?
What shall you do about the company filing in your home state?
What about privacy?
What about offshore shelf companies?
Will a shelf company help me save money on taxes?
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?
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?
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?
Can I select any business name?
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 never dissolved. 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.
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 our clients.
We prefer to email you a list of available aged shelf companies so we may protect your interests, after you acquire the company. In this manner, you reserve the choice to tell others whether you acquired an aged company. We don’t think it’s a good idea to create an online listing of aged companies that others may google.
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 you have aged corporations with aged EIN’s?
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.
Shelf 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 you buying.
The second part of this fraud is due to many shelf companies for sale being 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 money laundering.
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 levels.
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.
BUSINESS IDENTITY THEFT
ARE COMPANIES ANONYMOUS? NO.
ARE THESE AGED SHELF COMPANIES ANONYMOUS?
Our companies are not anonymous. After you acquire one of our aged shelf companies, we update the public record with your name and the business address.
DO ANONYMOUS COMPANIES EXIST IN THE USA?
No, they don’t exist. After you incorporate, you apply with the company Employer Identification Number with the IRS. That requires your Social Security Number. You must also provide your driver’s license and SSN to open the bank account. As you see, there’s no anonymity when starting a business. Anonymity doesn’t exist when starting a business in the USA.
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.
