| 06 December 2011
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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.
There are many uses for a Florida Shelf Corp or Florida Shelf Limited Liability Company, from simply needing a company/Tax ID yesterday, to wanting to show that your (new) company has been around for years!! Our Clients have chosen a Florida Shelf Corp or LLC over a "new" company for many reasons.
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.
Building business credit is crucial, and a question for many Business Owners or Start-Up Entrepreneurs is how to get credit for their business or business ideas especially in an economy that is in a severe "Credit Crunch". This concept of obtaining credit in a tightening financial market becomes even more seemingly out of reach when an Entrepreneur is faced with a lack of positive (or overall) credit history, has minimal or no experience, and has little to no assets.
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