| 06 December 2011
shelf corp secrets – Do you want to learn more about “shelf corp secrets”? If so then this art...shelf corp secrets – Do you want to learn more about “shelf corp secrets”? 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.
By purchasing a shelf corp you have acquired the validation of time. In many circumstances clients judge the value of a business by the length of its business history. Business owners can now claim, "We've been in business for three years," or as old as the corporation has existed, creating the perception of business stability. The use of a shelf corp for this purpose is a marketing strategy aimed at increasing consumer confidence in new businesses. Most people do not ask or care in what capacity the business existed or by whom it was previously owned.
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.
This process of building the corporate foundation can be time consuming but very well worth the effort. If time is important look for a good corporate credit eBook or find a qualified business financing expert to build the foundation for you first before trying to obtain business credit on your own. Those that understand the corporate building process will save you time and money to build the foundation you need to grow, otherwise it could set you back several months trying to correct mistakes. Take your time and create a plan of action. If you do not have the time have someone in your office to monitor the program to meet your credit goals.
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