| 06 December 2011
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Building Business Credit and a Corporate Credit Profile is accelerated with a shelf company. The older your business is, the more likely you are to be approved for various types of business financing. Making a small investment into an seasoned corp can propel your business start-up and establish the foundation for success, quickly.
Seasoned Corps are corporations or LLC's that have been formed in past years by American Incorporators Ltd., but have never been used. Each of these seasoned corps was filed by American Incorporators Ltd. for the specific purpose of being a shelf company and all companies have had the annual franchise taxes and/or annual reports paid and filed with the Florida Secretary of State upon acquisition. All companies will be in Good Standing with the state of Florida.
It is important to choose the age appropriate to your needs. For a building contractor or consulting company the number of years in business is important to the prospective clients. In order to obtain government contracts, the typical age requirement is two years. Additionally, for a business that wants to build corporate credit, the older the better. The key issues are the perceptions of the potential customers and potential lenders. How old does the business need to be to convince the client or the banker that the business is secure and stable? Is the age of your business important? It usually is to a customer or lender.
In order to purchase an seasoned corp, many conditions must be met. Often you must have a clean credit history as well as a minimum credit score. The requirement may be that your FICO score is 700 or above, but will vary from company to company. No exceptions are made to the rules so know this before starting. Also, be sure you do thorough research as you want a company that you can build on, not another liability. Seasoned Corps can be a great career move it you take some time to do research before jumping in.
Fill out the web form on this page right now to request more details seasoned corporation for sale or about acquiring an Seasoned Corp today!