| 06 December 2011
shelf corp canada – Do you want to learn more about “shelf corp canada”? If so then this artic...shelf corp canada – Do you want to learn more about “shelf corp canada”? If so then this article below may be exactly what you have been searching for…
An Shelf Corp is a company or corporation that has had no activity. It was put on the "shelf" to "age". The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one., and can be used as a Fast-Track Solution to Corporate Credit and Financing.
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.
It is important to choose the age appropriate to your needs. For a building contractor or consulting company the number of years in existence is important to the clientele. If you have been in the construction industry for 15 years, for example, obtaining a 15-year-old corporation may make sense because it corresponds with your time in the business. In order to obtain some contracts, the typical business age requirement is two years. That may not be the only factor in obtaining a bidding agreement, but it may be one of the many check-the-box items, especially, as we mentioned, when your corporate age and business age match one another. Moreover, some report that for a business that wants to build corporate credit, the older the better.
The chances are you did not know you could build or establish a 1-2 year corporate credit plan to grow your business if times were financially tough. Most of us think that were are going to make lots of money after we get started, however, you did not considered the fact of what happens if it really does start making a ton of money and you need more funds to cover inventory or supplies, or maybe you need to hire more employees but strapped for cash. Maybe short on cash to cover employee payrolls because the accounts receivable was slow to arrive. Checks in the mail. Never the less it is always good to plan for the rainy day when starting a business you can never have enough cash available.
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