| 06 December 2011
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Corporate shells are “shelf 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.
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 preferred name is available in your home state. File a Doing-Business-As (DBA) in that state, if the name is available.
Unforeseen liabilities can surface after a contract has been signed with your business. The "promoter" can be held personally liable for the financial obligations of a contract. It is possible to acquire and use the shelf corp to adopt that liability and relieve the promoter from it. This strategy should only be attempted with the assistance of an attorney.
Advantages of purchasing an shelf corp include a corporate image that has improved with age as well as an established history. This will allow you to obtain bank loans with ease, get credit cards and leases and bid on contracts which require that a company be of a certain age. When you are first starting out, it can be difficult to get your foot in the door. Shelf Corps with credit help you to avoid this problem as the history has been built by someone else. You just receive the advantages.
Fill out the web form on this page right now to request more details nevada shelf corporation with established credit or about acquiring an Shelf Corp today!