Why buy a seasoned shelf corp? What is a seasoned Shelf Corporation and its advantages?
In many ways, a seasoned shelf corporation can strengthen your business
presence. A seasoned shelf corporation is often viewed as a great way
to get your business recognized, to establish integrity, and to
substantially improve your ability to get serious lines of business
credit.
For example, in most cases, if you contact a bank to apply for a
corporate credit card or a line of credit, you will generally have
better success if your business is a minimum of a couple of years old,
instead of a couple of months old. Many large banks will not even
consider a business credit application unless the business has existed
for two years, or longer. From the lenders perspective, an older
corporation reduces the risk involved should they decide to issue you
credit. Statistics generally show that at least 50% of all new
businesses fail within the first year, and the fact that your
corporation is a couple of years old significantly reduces the risk
from their perspective.
Our seasoned shelf corporation is the difference between obtaining the
corporate credit you need, or being denied. It can also affect your
credit limits and the amount of interest that you will pay. Even more
so in today's turbulent credit market, a seasoned shelf corporation
will drastically improve your financial success. Because of the recent
recession, many of the major lenders are focusing on financing
established businesses as opposed to lending to individuals. They feel
this is one of the best ways to stimulate the economy while protecting
themselves. Even with a perfect fico score it is next to impossible to
obtain a six figure loan/ credit line. However if you were to attach
that perfect fico score to one of our seasoned shelf corporations up to
650k initially, and even more in loans/ lines of credit via multiple
rounds of funding.
An added benefit of utilizing our seasoned shelf corporations is that
your clients find you to be more appealing when you have years of
history behind you. Savvy clients often become more interested after
finding out how long a business has been in place before doing business
with it. If they see that you have recently opened your business, they
may choose to do business with a more established entity - possibly
your competitor. However, if the purchase of a seasoned shelf
corporation makes the business appear older, then they may view your
business as dependable, established, and successful, (just like the
lenders). Something else to consider - if you do business with the
government, in many cases contracts are only offered and awarded to
businesses two years or older.
And it is very likely that your industry business partners may prefer
only to do business with what are perceived to be established partners.
If your business is viewed as new, or as a startup, your partners may
feel that you don't have the stability to handle their business or to
meet their ongoing needs. They may not want to be among your first
customers and experience the issues as a result of your learning curve.
A seasoned shelf corporation can solve this issue, and provide your
business with immediate equity and credibility.
So, you may ask - Is it legal to invest in a seasoned shelf
corporation? Is it misleading to lenders, consumers, and other
businesses when promoting a new business?
After years in the business, and a great amount of research, my response is: "Owning
and operating a viable business within a shelf corporation is legal,
and has been a common practice of many successful business people for
many decades. As a matter of fact, attorneys, accountants and other
credible professionals often provide shelf corporations to their
clients. You may also find those that say a seasoned shelf corporation
is just another strategy for the benefit of your business. As always,
you may need to consult with your legal counsel or accountant to
discuss your particular situation. I am currently subcontracted by
multiple law firms for my seasoned shelf corp funding programs."?
In addition, there are plenty of factors you need to consider when
securing a seasoned shelf corporation. Most importantly, make sure it
has a clean record with the State of its origination, as you don't want
to be connected with complaints that have been previously filed against
a business name. Also make sure there are no pending tax liens or
liabilities on file against the corporation. And finally, be very
cautious of brokers selling cheap corporations that have recently been
reinstated by the Secretary of State - as these are generally not true
seasoned shelf corps! Las Vegas Corporations are great for asset
protection, but horrible for funding purposes. If it is a legitimate
seasoned shelf corporation like the ones provided by our company, these
items shouldn't be an issue. Finally, you also need to think about the
cost. Depending on your viewpoint, a seasoned shelf corporation can be
considered expensive. But if considered as an investment in your
business growth, it can lead to many short and long-term benefits for
your business, such as increased sales, market penetration and overall
financial success. If you need up to 650k in funding in our current
economy, there is not a better way to achieve that goal.