WHAT IS A GOOD PRICE FOR
A SHELF CORPORATION?
We sell many shelf corporations that are five years of age, or younger,
for no more than $1200. Many of our competitors charge twice or thrice of that amount.
We offer fast service, quick turnaround, tracking numbers for delivery, and
we email you a copy of the documents.
HOW MUCH CREDIT IS
POSSIBLE WITH AN AGED SHELF CORPORATION?
Many business owners are obtaining
financing in the amount of $100,000 or less. Any claim that a buyer,
of a shelf corporation, is able to obtain more than $100,000 in financing is
probably not telling the truth. Building any corporate credit is like
climbing a ladder; it takes time and effort.
WHAT ARE THE TWO BASIC
TYPES OF SHELF CORPORATIONS?
The two types of aged
shelf corporations are the following:
- An aged shelf corporation with no
established corporate credit, no Employer Identification Number, no bank
account.
This is the "safe" type of shelf corporation. There's no EIN, no
bank account, and no history of business transactions. This makes the
company safe. A company with no business history is a company with no
risk of fraudulent tax returns, no history of bad deals, and no creditors.
You're confident that the company will not result in back taxes, litigation
or other problems. A clean aged company means that you can build a
future with a solid company.
- An aged shelf corporation with
established corporate credit, EIN, bank account and operations
A shelf corporation with an existing history, and established credit,
offers glaring disadvantages. "Companies with established credit" are
offered as an answer to obtaining "up to $500,000 in corporate credit."
This claim is fraudulent.
After acquiring an aged shelf corporation, an IRS agent, debt collector
or litigator may reach you to collect money on a claim against the company.
Many companies go out of business in their second or third year.
Marketers attempt to pass off these defunct companies as "shelf
corporations" or "shelf LLC's." DNB and other groups reset the credit
of the company after it changes hands. This means there's little to no
benefit to obtaining an aged shelf corporation with established credit.
MY AGED SHELF
CORPORATION NEEDS AN EMPLOYER IDENTIFICATION NUMBER. HOW DO I GET ONE?
To obtain an Employer
Identification Number (EIN) for your aged shelf corporation, apply here:
http://www.irs.gov/businesses/small/article/0,,id=102767,00.html
The application is
free. The EIN is necessary to file your taxes and to open a bank account.
DO I NEED A REGISTERED
AGENT?
Every company needs a
registered agent. You are able to serve as a registered agent in the state
in which you live. For example, you may serve as a registered agent for
Wyoming company if you lived in Wyoming. If you don't live in Wyoming, then
someone in Wyoming must serve as your registered agent. If you file that
Wyoming company in the state in which you live (i.e. California), then
you're able to serve as the registered agent in the state of California, for
the foreign registration.
WHAT ARE THE BEST STATES
TO OBTAIN AN AGED SHELF CORPORATION?
New Mexico and Wyoming are the best states
to obtain an aged shelf corporation on an aged shelf LLC. Why?
These states don't ask for a business license. As such, you are
considered the first owner of the company since there are no previous owners
registered. A change of ownership resets the age of the company, in
terms of applying for corporate credit. If you acquire an aged shelf
corporation from Wyoming or New Mexico, there is no change of ownership.
These states don't collect information on the owners of the company.
As a result, there's no change of ownership reported. The age of the
company remains the same.
ARE NEVADA SHELF CORPORATIONS JUST AS GOOD AS THOSE
FROM WYOMING?
Banking in Nevada is difficult and troublesome
because of the transients and the widespread fraud. Likewise, the
audit rate for Nevada corporations is four times the annual average for the
same company elsewhere. This is because Nevada continues to promote
that they have information sharing agreement with the IRS. What is the
truth? Nevada sells their information to database companies, which
sells the data to the IRS. And what does it matter to you?
Acquiring a shelf corporation and building corporate credit requires that
your name is on the company. It requires that you're the applicant for
the EIN and the applicant for the bank account. There's no privacy
from the IRS. And yet, promoters of Nevada corporations still tout
this bogus benefit.
Nevada is known for gambling, prostitution, mining
and tourism. Wyoming is known for oil and gas, ranching, agriculture,
national defense and a pro-business atmosphere. Nevada is deep in
debt. Wyoming has no debt. Both states have no income tax for
humans or corporations.
STATE INCOME TAXES
If you I buy a Wyoming shelf corporations, must my
business pay corporate income tax? Yes, where you do business.
Banks will require that Wyoming corporation file do business where you are
located, as the principal of the company. If you're located in Texas,
then you must file your Wyoming company in Texas, and pay Texas taxes.
Please check
with your tax advisor.
CAN MY AGED SHELF
CORPORATION DO BUSINESS OUT OF WYOMING IF I AM BUILDING CORPORATE CREDIT?
Banks want to see that
the principal of the company and the company are located in the same state,
and in the same general area. If you live in Texas, you should
file the shelf corporation in Texas. Likewise, if you should file the
company, as a foreign corporation, in the state in which you live, or do
business.
ARE YOUR AGED SHELF
CORPORATIONS LISTED ON YOUR WEBSITE?
We don't list our available aged shelf corporations on our website to
protect our clients. Since company names can be "googled," we don't
post the names online. No one should know that you acquired a shelf
corporation or shelf LLC. The list of companies are available via
email here.
THE SOLUTIONS IN
ACQUIRING AN AGED SHELF CORPORATION
- Obtain an aged shelf corporation that was always in
good standing. Never buy a shelf corporation that was dissolved at
any time.
- Buy an aged shelf corporation with no Employer
Identification Number, no bank account, no registration with DNB, and no
established credit. The EIN is free from the IRS.
- What about the age of the EIN? It doesn't
matter. EIN's are random numbers. They are not sequential.
This means you cannot tell the age of the EIN by the number itself.
Don't pay more for an aged shelf corporation because it has an aged EIN.
- Establish a new bank account after acquiring the aged
shelf corporation. Aged bank accounts don't matter. When a
bank extends you a line of credit, they request the company open a new
account with the same bank. For example, your aged shelf
corporation established a bank account with Wells Fargo Bank.
Later, Bank of America offers you a line of credit and now you open a
new account with Bank of America. You should open the account with
the new bank where financing is available. An aged bank account
doesn't mean anything at all. Don't pay more for an aged shelf
corporation because it has an aged bank account.
- Obtain a clean aged shelf corporation that's at least
two years old, with no EIN, and no bank account. Companies with no
EIN and no bank account cannot do business. This means the seller
doesn't need to worry about back taxes, overdraft bank accounts and
other liabilities.
- Obtain a written statement from the seller that the
company is clean from liabilities. The seller should indemnify the
buyer if anything goes wrong in terms of back taxes, unpaid liabilities,
and the like. Get it in writing.
- Don't pay more than a $1000.
- Free is not free. Certain promoters offer free
services for set-up. Set-up is always free. Obtaining a
phone number is free. There's no free lunch. As such, expect
to pay sometime down the pike.
- If it smells funny or wrong, don't do it. By
keeping yourself on the right side of the law, you keep the option of
calling the police if you're ripped off.
- It's rare for an aged shelf corporation to receive
anything over $100,000 in available financing. Check your
expectations.
WHAT TO AVOID WHEN
BUYING AN AGED SHELF CORPORATION
- Data Mining: The buyer acquires an aged
shelf corporation that didn't belong to the seller. The seller
obtained documents directly from the Secretary of State and sold the
company without buying it. In short, the seller marketed a product
he didn't own in the first place. He committed mail fraud and wire
fraud. The buyer loses his financial investment and gains nothing.
- Tax Return Fraud: The seller of the
shelf corporation includes fake tax returns with the company.
Banks and financial institutions typically request a transcript of tax
returns directly from the IRS. As a result, the fraud is uncovered
and criminal charges often result. The buyer of the aged shelf
corporation is left to explain what happened.
- Personal Guarantor: Many people are
victims of identity theft. These victims' identities are used as a
"personal guarantor" to obtain credit for an established corporation.
In addition, some people have paid money to obtain a personal guarantor
in violation of federal, state or local laws. This is fraud.
The personal guarantor accuses the buyer of the shelf corporation of
identity theft.
- Established Credit: Pre-approval letters
are used to boost the credit profile to prospective buyers.
Imagine that someone writes a letter, friendly to the seller, stating
that the company is pre-approved for a $500,000 loan. The
pre-approval may have certain stipulations, such as money down or may
carry an excessive interest rate. There are people looking for a
source of money without the intention of paying it back. Scammers
know this and will say anything to sell a company with a high price tag.
It's key to apply for loans that you intend to pay back. Likewise,
don't buy into an aged shelf corporation with an established credit line
that is too good to be true. As a bank, would you extend $500,000
in loans, or a $1,000,000 loan, to a company you hardly knew because it
was two years old, or three years old? No. Aged shelf
companies may obtain financing of up to $100,000 or less.
- Unrealistic Expectations: Buyers are
often convinced that they are able to reach credit levels of $500,000 to
$1M. Most of the time, this is not possible. The inflated
claims of the sellers are the cause of this, as well as the buyers
wanting to believe these claims.
- Unseen Liabilities and Back Taxes: Sellers
buy companies that went out of business and sell them to buyers who
don't ask questions. Many start-ups go out of business after two
or three years. As a result, there are many available
"out-of-business" companies available with destroyed credit, back taxes,
and unfiled tax returns. Buying one of these companies is a
problem waiting to happen. Often, the public record shows a lack
of liens against the company due to debt, or the IRS may be slow in
filing a tax lien due to unpaid taxes. When researching the
company, it's easy to make a conclusion that the company is clean of
liabilities when it isn't. How? It takes time for an unpaid
liability to show up as a lien. Disputes take to time to reach a
point of a lawsuit. Business owners, frustrated with their failed
venture often abandon the company without filing its tax returns.
- Established credit is wiped clean and doesn't
transfer with the company: Dunn and Bradstreet (DNB) resets
the credit profile of any company after the owners change hands; within
60-90 days. This means that any company with established credit
will lose it!
- Scammers seek to convince you to do something
illegal: By dragging you into their illegal acts, or in doing
something dishonest, this check-mates you from calling the authorities.
If you committed fraud in some way to obtain credit, the seller can
psychologically keep you from calling the police.
- Watch out for companies that were previously
dissolved. Promoters of shelf corporations like to reinstate
dissolved corporations and sell them as an aged shelf corporation.
This is because they seek to cut corners and not age the company
properly. As a result, buyers sometimes acquire a shelf
corporation that was previously dissolved, and won't meet their needs.
Only consider a shelf corporation if it was always in good standing with
the state in which it was formed.
THE SOLUTIONS IN
ACQUIRING AN AGED SHELF CORPORATION
- Obtain an aged shelf corporation that was always in
good standing. Never buy a shelf corporation that was dissolved at
any time.
- Buy an aged shelf corporation with no Employer
Identification Number, no bank account, no registration with DNB, and no
established credit. The EIN is free from the IRS.
- What about the age of the EIN? It doesn't
matter. EIN's are random numbers. They are not sequential.
This means you cannot tell the age of the EIN by the number itself.
Don't pay more for an aged shelf corporation because it has an aged EIN.
- Establish a new bank account after acquiring the aged
shelf corporation. Aged bank accounts don't matter. When a
bank extends you a line of credit, they request the company open a new
account with the same bank. For example, your aged shelf
corporation established a bank account with Wells Fargo Bank.
Later, Bank of America offers you a line of credit and now you open a
new account with Bank of America. You should open the account with
the new bank where financing is available. An aged bank account
doesn't mean anything at all. Don't pay more for an aged shelf
corporation because it has an aged bank account.
- Obtain a clean aged shelf corporation that's at least
two years old, with no EIN, and no bank account. Companies with no
EIN and no bank account cannot do business. This means the seller
doesn't need to worry about back taxes, overdraft bank accounts and
other liabilities.
- Obtain a written statement from the seller that the
company is clean from liabilities. The seller should indemnify the
buyer if anything goes wrong in terms of back taxes, unpaid liabilities,
and the like. Get it in writing.
- Don't pay more than a $1000.
- Free is not free. Certain promoters offer free
services for set-up. Set-up is always free. Obtaining a
phone number is free. There's no free lunch. As such, expect
to pay sometime down the pike.
- If it smells funny or wrong, don't do it. By
keeping yourself on the right side of the law, you keep the option of
calling the police if you're ripped off.
- It's rare for an aged shelf corporation to receive
anything over $100,000 in available financing. Check your
expectations.
- CALL 307.327.2580 FOR A LIST OF AVAILABLE SHELF
CORPORATIONS.
EMAIL HERE FOR THE LIST.