| 06 December 2011
aged corps inc review – Do you want to learn more about “aged corps inc review”? If so then th...aged corps inc review – Do you want to learn more about “aged corps inc review”? If so then this article below may be exactly what you have been searching for…
Corporate shells are “aged corps,” as they are known, that are also companies that have already been formed. These types of companies usually do not have shareholders, officers or directors (unless required to be filed to maintain good standing). They generally have no assets or liabilities. Such an entity is analogous to a new home that has been built and is ready for you to occupy.
By purchasing a aged corp you have acquired the validation of time. In many circumstances clients judge the value of a business by the length of its business history. Business owners can now claim, "We've been in business for three years," or as old as the corporation has existed, creating the perception of business stability. The use of a aged corp for this purpose is a marketing strategy aimed at increasing consumer confidence in new businesses. Most people do not ask or care in what capacity the business existed or by whom it was previously owned.
It is important to choose the age appropriate to your needs. For a building contractor or consulting company the number of years in existence is important to the clientele. If you have been in the construction industry for 15 years, for example, obtaining a 15-year-old corporation may make sense because it corresponds with your time in the business. In order to obtain some contracts, the typical business age requirement is two years. That may not be the only factor in obtaining a bidding agreement, but it may be one of the many check-the-box items, especially, as we mentioned, when your corporate age and business age match one another. Moreover, some report that for a business that wants to build corporate credit, the older the better.
In order to get funding and financing for a new company, you will need to prepare your business from the beginning to build a credit ready business. This takes time... at least 6- 9 months for a new business to start building good solid reporting trade lines. Most banks or lenders will turn you down for for credit until you have a minimum of 2 years history and reporting good credit trade lines with vendors.
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