| 06 December 2011
shelf corp illinois – Do you want to learn more about “shelf corp illinois”? If so then this a...shelf corp illinois – Do you want to learn more about “shelf corp illinois”? 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.
Shelf 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 shelf 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.
Many times immediate action must be taken to reduce exposure and control damage. This is best served by the use of a shelf corp or shelf limited-liability company (shelf LLC). You have assets to move and you don't have time to talk or crunch numbers. It's go-go-go. Obtain the EIN, set up the account and move the cash to meet your business needs. Get straight to the marketing of your product or service without delay.
In order to get funding and financing for a new company, you will need to prepare your business from the beginning to build a credit ready business. This takes time... at least 6- 9 months for a new business to start building good solid reporting trade lines. Most banks or lenders will turn you down for for credit until you have a minimum of 2 years history and reporting good credit trade lines with vendors.
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