SHELF CORPORATIONS TO BUILD BUSINESS CREDIT, APPLY FOR A LOAN, AND BE SUCCESSFUL.
AGED SHELF CORPORATIONS FOR LESS. PAY ONLY $15 ANNUALLY IN STATE FEES.
15 year old shelf company for $2950.
7 year old shelf company for $1600
Ask for the list here.
WHY A SHELF CORPORATION/SHELF LLC/SHELF COMPANY?
Pay only $20 in annual state fees to keep your corporation current. Compare that to Nevada($650), Delaware($300) and Wyoming ($60)
Build business credit with a seven year old company!
Earn instant credibility in sales and marketing.
Bid on projects.
Competitors respect you.
Customers feel confident with you and your business.
People take you seriously.
HOW DO I USE A SHELF COMPANY TO MEET MY BUSINESS GOALS?
Acquire a shelf company that's at least four years old. Some finance companies, suppliers and banks prefer to do business with companies that meet certain age requirements. Simply, most people prefer to do business with a company that is a few years old rather than a few days old. Banks prefer to loan money to companies that are four years old rather than four days old. Although banks and suppliers have different requirements, in terms of company age, the best choice is to acquire a company that's four years or older. All of our companies are seven years old. Be confident that you met the bar.
Apply for the EIN yourself. It takes 15 minutes online. Here.
Open a bank account.
File the shelf company in the state where you seek to do business.
File your county and local business licenses.
WYOMING AGED SHELF COMPANIES PRODUCE MODERATE RESULTS IN BUILDING BUSINESS CREDIT. MONTANA AND NEW MEXICO COMPANIES PRODUCE BETTER RESULTS IN THE BUILDING OF BUSINESS CREDIT.
The annual fee is $60
Wyoming is best for asset protection, online businesses, and asset protection.
Wyoming declared the income tax is unconstitutional. This makes the banks nervous and some banks may consider Wyoming radical in their level of protection. Although Wyoming is best for asset protection, it's not best for building business credit. We've offered Wyoming companies since 2003, but acknowledge there are certain advantages elsewhere.
For best results in the building of business credit, a company from Montana or New Mexico provides maximum advantage.
WHY ARE SHELF COMPANIES BETTER WHEN THEY'RE FILED FROM MONTANA, WYOMING AND NEW MEXICO?
Most states require that the owners of the company be disclosed on the business license or other registration documents. When the owner is declared on the business registration documents, and then the company is sold to the buyer, a change of ownership is detected. That can trigger a reset of the respected age of the company.
TO AVOID THIS PROBLEM, the aged shelf company must be from a state that doesn't ask and declare who is the owner of the company. The states of Montana, Wyoming and New Mexico don't ask for owners. So, when the company is sold to the buyer, the shift of ownership isn't detected, and the age of the company is respected.
This is why you're better off acquiring an out-of-state company and then filing it as a foreign entity into your own state, or wherever you seek to do business. The company filing looks as an expansion into your state. The business credit results are superior because you're considered the first and original owner of the company.
When a company is sold from one person to another, the lenders consider an aged shelf corporation a new company after it was sold. They derive that information from the public record, and mainly from the business license information.
The solution is to acquire a shelf corporation from a state that doesn't require a business license, or disclosure of the owners of the company.
What if you intend to do business in a state that requires a business license (i.e. CA, NY, NJ, FL?).
Easy...obtain a shelf corporation from a state that doesn't require a business license, and then file that company into your state as a foreign corporation.
MOST INCORPORATORS PROMOTE ONE STATE AS THE ANSWER TO EVERYTHING.
Each state offers an advantage or disadvantage. Montana and New Mexico companies are better for building business credit. Montana and New Mexico companies are mediocre at asset protection. There's a trade off.
Wyoming is better for asset protection but it isn't ideal for building business credit.
After you acquire the company of your choice, file the company into your own state and build that business credit!
WHERE NOT TO OBTAIN A SHELF CORPORATION OR SHELF LLC
Don't use Nevada aged shelf companies to build business credit.
The Nevada annual state filing fees are $650 (Nevada annual list of officers and state business license)
Nevada corporations have an audit rate four times the national average.
Nevada is famous for a transient population, scams, prostitution, drugs and gambling. Banks are nervous when opening accounts for Nevada corporations or Nevada LLC's.
Don't use Delaware aged shelf companies to build business credit.
The annual state filing fee is $300
Delaware is best if you're going public with an initial offering of stock. If you're corporation is publicly traded on an exchange, Delaware is the place to be. Small business is best served by Wyoming and Montana. Out of those two options, Montana is the best state from where to buy an aged shelf company.
Delaware is no longer focused on the best interests of small business.
WHAT'S THE BEST SOLUTION?
The solution: Obtain an aged shelf corporation from Montana or New Mexico and then file the company in your home state to do business.
If you're intending to apply for corporate credit, then you must file the company in your state.
HOW CAN I MAKE SURE I AM NOT GETTING RIPPED OFF?
Demand that the seller of the shelf company sign a document that, the company you're buying, doesn't have back taxes or any outstanding debt.
Buy a shelf company without an EIN.
Acquire a shelf company without a business credit history.
Don't buy a shelf company where the name of the company was changed.
Don't buy a company that was ever dissolved and then brought back into good standing.
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