| 06 December 2011
shelf corp business funding – Do you want to learn more about “shelf corp business funding”? I...shelf corp business funding – Do you want to learn more about “shelf corp business funding”? If so then this article below may be exactly what you have been searching for…
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.
Start-up costs are the largest expense a business owner can face. To complicate the matter, many companies will not lease or extend credit to a business without at least 6 months of history. Shelf Corps provide a clean history that can assist in overcoming many obstacles encountered in establishing business credit with local suppliers. A shelf corp with at least six months of age is beneficial for many new businesses.
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.
Shelf Corp development can also help you in terms of increasing your profit. This is because being a business that has been in the market for a few years increases your chances of attracting customers. Customers always like to use the services and products of firms with experience than a new firm. The case is similar with other traders you want to build a relationship with. Hence, by investing in a shelf corp, you can solve the double purpose of attracting customers while improving your business trade lines. This way you can start building your corporate credit sooner.
Fill out the web form on this page right now to request more details shelf corp business funding or about acquiring an Shelf Corp today!