FAQs
Frequently Asked questionsWHY DON'T YOU PUBLISH THE NAMES OF THE AGED SHELF COMPANIES ONLINE? I DON'T SEE THEM ON YOUR WEBSITE.
We respect your privacy and your affairs. Whether you acquire an existing company is your business. By publishing the list of available Aged Shelf Companies online, the seller is claiming to the world that these available entities are for sale. We don’t think this works in the best interests of the business of our clients.
We prefer to email you a list of available aged shelf companies so we may protect your interests after you acquire the company. In this manner, you reserve the choice to tell others that you acquired an Aged Company. We don’t think it’s a good idea to create an online listing of aged companies that others may google.
Inquire whether the aged shelf company was consistently in good standing.
Our companies are always in good standing.
There are other providers, who sell aged shelf companies, that are not consistent in good standing and were dissolved or suspended. As a result, when the company’s credit is pulled by a Lender or Financial Institution it may be “red flagged.” This may prevent the business from obtaining the funding it needs.
If the company wasn’t always in good standing, the age of the company may be reset to when it was re-instated
All of our companies are homegrown and never have been suspended or dissolved. We don’t acquire our companies from others. We file the corporations and LLC’s ourselves, maintain them in-house, and make certain that they are always in good standing. This results in a quality company that you may rely on to build corporate credit.
ARE THESE AGED SHELF COMPANIES ANONYMOUS?
Our companies are not anonymous. After you acquire one of our aged shelf companies, we will update the public records with your name and the new business address.
DO ANONYMOUS COMPANIES EXIST IN THE USA?
No, they don’t exist. After you incorporate, you apply for the company EIN “Employer Identification Number” with the IRS. That requires your Social Security Number. You must also provide your driver’s license and SSN to open the bank account. As you see, there’s no anonymity when starting a business. Anonymity doesn’t exist when starting a business in the USA.
Aged shelf corporations and LLCs offer no tax advantages. We’re not attorneys. We’re not tax advisors. Aged corporations are not an advantage if you intend to do business with the government.
WHEN SHOULD YOU START BUILDING CORPORATE CREDIT?
You should start building corporate credit from day 1. Time is necessary to build corporate credit, locate lenders, and establish a positive payment history. Time is also needed for that good history to post to the business credit bureaus.
IS THE NAME OF THE SHELF COMPANY IMPORTANT?
Remarkably, the name of the shelf company is NOT as important as you think. What you do is more important than the name of your company. But you still want a catchy name, right? Obtain the shelf company and file it in your home state. Then determine if the company’s name is available in your home state. If not, File a Doing-Business-As (DBA) in your home state, if the name is unavailable.
SHOULD I CHANGE THE NAME OF THE SHELF COMPANY?
No, lenders and financial institutions consider name changes as new companies. If you seek to maximize your funding ability, stay away from name changes.
WHAT DO I GET WITH MY SHELF COMPANY?
Four (4) Copies of The Certificate of Good Standing/Certificate of Existence
Articles Of Organization (LLC) Articles Of Incorporation (Corporation)
By-Laws and Resolutions (Corporation) LLC Resolutions (LLC)
Employer Identification Number (EIN) Application Template
First-Year Registered Agent Service Included with Purchase
Updated Address Report with the Secretary of State
Extensive Proprietary Operating Agreement (LLC)
Stock Issuance/ Transfer Log (Corporations)
Renewal Form for the next year.
WHAT SHOULD I LOOK FOR IN LOOKING FOR A SHELF COMPANY?
- It’s clean of liabilities.
- Seller of shelf corporation or shelf LLC will guarantee claims that it’s clean.
- No previous owners.
- Ample selection of companies.
- Reasonably priced
No previous operation
SHOULD WE USE A VIRTUAL OFFICE?
The virtual office industry is great for convenience but NOT for companies applying for corporate credit. When too many companies share an address and don’t pay off their loans, an address may be flagged.
In the effort to look legitimate, the company looks suspicious because too many companies occupied that address and a few didn’t pay their loans.
A solution is to find a virtual office location with the least amount of companies listed at the address you choose, and whichever provider you decide to choose make sure they require their customers to fill out a USPS Form 1538 this will eliminate the addresses flagged from fraud.
WHO SHOULD BE THE CORPORATE OFFICERS?
A person with a strong personal credit score should serve as the Majority Owner, Director, or Corporate Officer of the company that is applying for credit for the business. A person who has a low credit score trying to obtain funding with a Shelf Corp could put a credit partner in place with strong credit and make them the Director / Corporate Officer until the business’s corporate credit is built.
WHAT SHALL YOU DO ABOUT THE COMPANY FILING IN YOUR HOME STATE?
File the company in your home state as a foreign entity. You can serve as the registered agent for the company or hire a company that provides registered agent services. A registered agent is a business or individual that is designated to receive legal correspondence, service of process, and official notices for a business entity. When you purchase a Shelf Company from us we provide the first year of registered agent service in the Shelf Company’s original state.