Has anyone had any success in getting a business line of credit after purchasing a shelf corp?
May 27, 2010 
2 Comments
I have heard this is the new thing and the way to go to help businesses get started. By purchasing a shelf corp but I have yet to find anyone who has actually closed the deal plmk if you guys have any further information or help
I think you mean "shell corp" not "shelf corp"–as in a dormant company that hasn’t actually done any business.
The answer should be no as to getting business credit. You can’t actually show that the shell has done any business, let alone that you signed the tax returns.
I think you mean "shell corp" not "shelf corp"–as in a dormant company that hasn’t actually done any business.
The answer should be no as to getting business credit. You can’t actually show that the shell has done any business, let alone that you signed the tax returns.
References :
It’s not shelf corp, it is shell corporation. This is a corporation that legally exists but is an empty shell that the buyer is going to have to put assets into. Nobody is going to give it a line of credit except maybe Guido Noneck who you don’t want to deal with.
References :