| 06 December 2011
shelf aged corporations – Do you want to learn more about “shelf aged corporations”? If so the...shelf aged corporations – Do you want to learn more about “shelf aged corporations”? If so then this article below may be exactly what you have been searching for…
Aged Corps, or aged aged corps, are companies that have been registered and then set aside to age. When you establish corporate credit, government contracts, acquiring a loan or leasing equipment, it is often important to have a company history and an established existence. They can show longevity and improve your company's image. 50% or more of all new businesses fail in the first year. This can reduce the risk of the lender to decide to issue your company business credit lines.
In most cases, a aged corp has never conducted business activities, have no debts, liabilities or bank accounts. Once the aged corp has aged, they are sold to individuals interested in owning an established company with a clean history. Aged Corps with credit, make it easier to build corporate/ business credit, qualify for business loans, and opportunities to obtain business contracts.
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 aged corp to adopt that liability and relieve the promoter from it. This strategy should only be attempted with the assistance of an attorney.
Building business credit is crucial, and a question for many Business Owners or Start-Up Entrepreneurs is how to get credit for their business or business ideas especially in an economy that is in a severe "Credit Crunch". This concept of obtaining credit in a tightening financial market becomes even more seemingly out of reach when an Entrepreneur is faced with a lack of positive (or overall) credit history, has minimal or no experience, and has little to no assets.
Fill out the web form on this page right now to request more details shelf aged corporations or about acquiring an Aged Corp today!