Aged Corporation Secrets

An aged corporation is any corporate entity that was formed and filed with the state at least one or more years old. What are the benefits of buying an aged corporation over forming a new corporation? Aged corporations allow the new stock holders to claim the time of existence as their own legally. For example; if you are starting a construction company and have had years of experience in the construction industry but file a new corporation today, both creditors and customers alike will perceive you as a “new” construction company and probobly be less likely to choose you to do the work or allow you to bid on their work since you have only recently established a company for that purpose. An aged corporation would allow you to roll your new venture into an existing corporation, change the name (or not) to fit your mold and claim that while your contractor’s license may be new your company has been established for several years. This especially comes in handy when applying for new credit to start your venture as an aged corporation. This is just one example of the many beneficial uses of an aged corporation.

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