| 06 December 2011
shelf corp brokers – Do you want to learn more about “shelf corp brokers”? If so then this art...shelf corp brokers – Do you want to learn more about “shelf corp brokers”? If so then this article below may be exactly what you have been searching for…
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 shelf corp can propel your business start-up and establish the foundation for success, quickly.
These are "true" shelf corps, in that they have never done any business and do not have any liabilities. These companies all have IRS EIN Numbers. Unlike some Registered Agents, we have taken excellent care of these Companies, investing in them every year by paying for and making the annual Secretary of State list filing AND the annual State Business License to keep them in "Continual Good Standing". These companies have NEVER had their Charter's "revoked" and then later "re-instated" when a buyer is found.
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.
In order to purchase an shelf 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. Shelf Corps can be a great career move it you take some time to do research before jumping in.
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