BENEFITS OF USING A SEASONED AGED SHELF CORPORATION

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A Shelf Corporation, Shelf Company, or Aged Corporation, is a company or corporation that has had no activity. It was put on the “shelf” to “age”. The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one.

Common reasons for buying a Shelf Corporation include:

1. Instantly obtain the necessary “Time in Business” and Credibility required to be approved for Corporate Credit and Financing.
2. Create a solid Corporate Credit Profile as an alternative to Personal Credit Repair.
3. Protect Assets from Creditors and facilitate Estate Planning.
4. Instantly Qualify to Bid on Government Contracts.
5. Instantly obtain Credibility with prospective Clients, Partners, and Suppliers.
6. Expand your International Business into the United States instantly and without the typical red tape.

 No. You can establish trade/vendor credit without using a personal guarantee and should do so while you work on any personal credit issues. 

Most Shelf Corporation Buyers will make the following very expensive mistakes if they are not careful:

• Pay a High-Price for a Shelf Corp that supposedly comes with Established Credit (But it really doesn’t)
• Pay for a Shelf Corp that supposedly comes with a Personal Guarantor (Recipe for Fraud)
• Pay for a Shelf Corp that supposedly comes with Tax Returns (Recipe for Fraud & Jail Time)
• Pay for a Shelf Corp that has Bad Credit and/or Hidden Liabilities (Shelf Corp “Lemon”)
• Pay for a Shelf Corp that is not owned by the Seller (Fake Seller ,Like buying Land on the Moon)

Assuming you followed our recommendation and did a Foreign Entity Registration in your Home State, then yes, you will need to obtain Business Licenses. We can find and complete the Business License Applications for you + City/County/State Fees.

No, this is not only unnecessary, but could possibly hurt you. After you have your Aged Corporation, if you contact Dun & Bradstreet (D&B) for any reason, they will attempt to sell you services such as Corporate Credit Building Services. These Services, although they appear to be helpful at your initial analysis, are actually NOT helpful at all in our opinion and can hurt your Business instead of help it because the purchase of such Services may trigger an immediate AUDIT of the Corporate Entity, and during this Audit, D&B may identify ownership changes and other movements you make with the Corporate Entity, which is something you typically do not want exposed. You do NOT need to purchase anything from D&B, no matter how convincing they may be.

The main difference between S-Corps and C-Corps is that S-Corps are Flow-Through Entities – This means they are not taxed in the State of Incorporation like C-Corps would be, and the Net Income flows through to the Shareholders and is taxed at the Shareholder’s Personal Income Tax Rate. For 90% of our Clients, S-Corp is the way to go, because being taxed as a C-Corp in the State of Incorporation creates additional costs and headaches that divert from the main Goal which is building Corporate Credit. If an S-Corp is what will work best for you, then we will need to file IRS Form 2553 to elect S-Corporation Status. This is an easy process and can be done in one day.

Expensive State to operate out of (High State Fees).
Currently on many Lender’s High-Risk or Restricted List due to a Reputation for Privacy and as a result, a higher concentration of Fraud. 

No, Shelf Corps do not come with Tax Returns and do not have the EIN # (Tax ID #) issued until the Shelf Corp is purchased by the Client. There are several reasons for this:

1. EIN #’s are NOT sequential numbers. This means there is no way to tell when an EIN # was issued by looking at the number.
2. EIN # must be attached to a “Responsible Party”, who is an Officer or Owner of the Business. We as incorporators, cannot be attached to hundreds or thousands of Entities at the same time.
3. Having an EIN # issued to a Corporate Entity means the Entity must file Tax Returns each year and depending on the State, pay some amount of tax even if the Income is $0. This would add significant costs to each Shelf Corp, which would be passed on to you in the form of higher prices. However, as explained in # 2 above, this is not even possible.
4. Shelf Corps with EIN #’s and with the filed yearly $0 Tax Returns present a problem in obtaining stated income financing, since the Returns have all already been filed showing $0 Income, you would then not be able to apply for Funding with any other amount of Income on the Application. This means your Funding Applications would all be denied, or if approved, approved for very minimal amounts. Even worse, if you were to state a different income on the Funding Applications, you may find yourself committing bank fraud.

• NO Personal Income Tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. For a complete list of Personal Income Tax Rates.
• NO Corporate Income Tax: Nevada, South Dakota, Texas, Washington, and Wyoming. For a complete list of Corporate Income Tax Rates.
• No Personal Income Tax AND No Corporate Income Tax: Nevada, South Dakota, Texas, Washington, and Wyoming.

Want to avoid State Corporate Income Taxes? Just select S-Corporation Status and you will be taxed at the Personal Level instead of the Corporate Level, thus completely avoiding State Corporate Income Taxes and benefiting from lower Personal Income Tax Rates, regardless of the State where the Aged Corporation comes from.

Most people qualify their businesses for $150,000 to $500,000 in unsecured credit in 30-45 days. However, a few have gone much higher, sometimes over $1,000,000! Virtually everyone can obtain $1,000,000+ after working with us for 90-120 days!