| 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.
In most cases, a shelf corp has never conducted business activities, have no debts, liabilities or bank accounts. Once the shelf corp has aged, they are sold to individuals interested in owning an established company with a clean history. Shelf Corps with credit, make it easier to build corporate/ business credit, qualify for business loans, and opportunities to obtain business contracts.
The age of a shelf corp is just as real as the age of a human being. The law calls a corporation a person. It is an artificial person. It is separate from the people who own it. The owners of a shelf corp, as with any other legal entity, are just as separate from each other as two people are separate. The H.J. Heinz company started in 1869. The original owners, officers and directors have long since passed. However, the age of the company truly remains in-tact.
Of course Aged Corporate Credit is not a main stream approach, and there are many advertising services dedicated to this concept and charging hundreds or thousand of dollars to do so. Understandably, when there is little known about a subject the costs can go up since there is little to compare.
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