Aged Corporation / Shelf Corporation

A FEW POINTS ON BUILDING CORPORATE CREDIT:

• Aged EIN numbers add no value.  Don’t spend more money for a aged corporation because it has an “aged EIN”.
• There are three reasons to obtain a shelf corporation:
  • Assist in the building of corporate credit
  • Convenience in start-up
  • Enhance the marketing campaign
    • Builds customer confidence in the business
• What shelf corporations cannot do:
  • All corporations provide a form of asset protection through limited liability.  An aged shelf company does not provide enhanced protection because its aged.
  • Aged corporations cannot legally evade taxes or hide assets. 
• Lenders require the principals of the company to be disclosed on the public record.  This means you cannot use nominee officers when applying for corporate credit.  In other words, you cannot have privacy and corporate credit at the same time.
• Stay away from “throw away” agedf corporations and shelf LLC’s.  A “throw away” company is one that was discarded because the previous owner went out of business.
  • The aged corporation may have a dangling and unseen liability to the IRS or other debtor.
  • You may receive a knock on the door years later to pay someone else’s bill.
  • Even if someone agrees to indemnify you of expenses and costs, it doesn’t mean anything if they can’t be found, or if they can’t pay.
  • Don’t invest years of energy, effort and money into a corporation that may sink years later because of surprise litigation.
• Acquire only shelf corporations that have no business history and no transaction history.
• Think about the claims of anyone who claims to build corporate credit.  Stay away from any promoter or consultant who advocates any dishonest activity.
• Only obtain corporate credit that you’re willing and able to pay. 
• If you want to learn more CLICK HERE
  

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