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i own an inactive corporation do i own any taxes?

i formed a corporation about 2 year ago. it has been on a shelf ever since i formed it. it has no tax no, no employees, no bank accounts, no financial transactions, no assets and no debts. i am waiting for it to become 5 years old so i can be eligible to bid for [...]

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What’s the difference between LLC ,…. S corporation… and C corporation ?

I’m trying to decide should I open an LLC , an S corp or a C corp for music related purposes. I create original instrumentals that have been literally flying off the shelves . AND I’M CHARGING PEOPLE LIKE 350.00 per track . It’s unbelievable how these B list celebs are buying them . SO [...]

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what does it mean if i buy an LLC with seasoned credit?

I’ve found websites that sell seasoned shelf corporations, some also with seasoned credit. What does that exactly mean? Are their already lines of credit established? It seems to me that, upon purchasing the LLC, the lenders would still want to look into the reputation of the seller, etc. In other words, is this too good [...]

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need to buy a shelfed corporation with limited upfront money?

i am looking to buy a shelf corporation with very little upfront money i have a small home base business that doing fine but could do better if i was able to obtain credit from droppershippers but need to have LLC for atleast 2 years and good credit i work full time and dont have [...]

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Would you pay $50K for a shelf corporation that has $1,000,000.00 line of bank credit.?

Purchases can only be used for real estate purchases such as,investment properties,new construction,rehab,condos etc. Why would I pay anybody anything for the ability to borrow??? Pay 50k so I have the RIGHT to borrow $1mm???? Sounds really silly. I can fill out a mortgage app or loan app FOR FREE and obtain the right to [...]

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Can anyone tell me if it is possible to borrow 1 Million in Capital in Cash using Shelf Corporations?

Can anyone tell me if it is possible to borrow 1 Million in Capital in Cash using Shelf Corporations? no. it’s not.

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Can anyone tell me if it is possible to borrow 1 Million in Capital in Cash using Shelf Corporations?

Can anyone tell me if it is possible to borrow 1 Million in Capital in Cash using Shelf Corporations? no. it’s not.

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When filing chapter 7, does one have to disclose a partial interest of Mexican real estate held in shelf corp?

Hi I’m writing a cool novel and I have a question for my research. If one of my California charactars files a chapter 7, does she have to disclose a partial ownership in real estate in Mexica, Costa Rica or similar country. The charactar bought the house in a shelf corporation years ago with cash [...]

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How does a new corporation get credit?

How does a brand new LLC get company credit? I’d like the company to get credit without a personal guarantee. From my understanding, companies need at least 2 years of history before they can "stand on their own." Is that true? How about buying an old shelf corporation from a reputable broker? Thanks. It’s hard [...]

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Is it safe or a scam to buy a shelf corporation to get a line of credit?

I received an email from B2B CREDIT SOURCE selling shelf corporations to get a line of credit. I called the number to get more info. The shelf corporation is registered in the state of Nevada. The purchase price is $15,000 and 5% OF THE AMOUNT APPOVED FOR THE LINE OF CREDIT. It will take 60days [...]

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