| 06 December 2011
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Shelf Corps, or aged shelf corps, are companies that have been registered and then set aside to age. When you establish corporate credit, government contracts, acquiring a loan or leasing equipment, it is often important to have a company history and an established existence. They can show longevity and improve your company's image. 50% or more of all new businesses fail in the first year. This can reduce the risk of the lender to decide to issue your company business credit lines.
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.
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.
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.
Fill out the web form on this page right now to request more details wyoming shelf corporations for sale or about acquiring an Shelf Corp today!