A shelf corporation, shelf company, or aged corporation, is a company or corporation that has had no activity. It was created and left with no activity - metaphorically put on the "shelf" to "age”. Most shelf corporations that are sold do not come with credit. Continue to read and will show you how to get a shelf corporation with GOOD business credit already listed. Also if you buy a “blank” shelf corporation and build the business credit once the shelf corporation is purchased. en.wikipedia.org/wiki/Shelf_corporation
What are the benefits of having a shelf corporation?
There are several benefits, but here are the main three:
Asset Protection:Thousands of lawsuits are filed daily, many without any merit, filed by people looking for easy money. In our lawsuit-plagued world, using a corporation to separate you personally from the all of the potential liability in your business is almost a legal necessity. When you do business with the public or have employees, you open yourself up to the potential of lawsuits. A properly run corporation can save your assets and give you peace of mind.
Deductions and Tax Savings: There are more tax deductions available to "C" corporations than to businesses that are not incorporated. Business trips and entertainment can be expensed by a corporate structure much easier than by other types of entities.
Estate Planning: The late Sam Walton, of Wal-Mart store fame, placed his business assets in a closely held family corporation giving each one of his four children 20% of the stock. He and his wife together owned the remaining 20%. The family’s corporation became worth billions of dollars but, upon Mr. Walton’s death there was no estate tax due! Why? Because the company was owned by his children and his wife. And a surviving spouse does not pay taxes on the estate so Mrs. Walton was also able to avoid paying estate taxes on her portion of the assets. This saved the Walton's billions of dollars in taxes, all by using simple corporate tax strategies. The Walton's net worth today is over 100 billion dollars, but without the advance estate planning that Sam Walton did their net worth could very well be worth just a fraction of that.It is very important to plan in advance, so that your loved ones can avoid having to sell most of the estates assets to pay the taxes on it.
Acquire Assets: Some shelf corporations are purchased because they already have credit and the new owner’s credit may be damaged. In a lot of cases buying a shelf corporation with credit may be able to help in this instance
What do I need to known when buying a shelf corporation?
A shelf corporation is a legal entity.
When purchasing a shelf corporation, make sure there aren’t any negative ties with credit associated with the shelf corporation you want to acquire.
Compare prices before you buy.
Once you pay for the shelf corporation make sure the company shares have been transferred into your name.
Make sure there is a process for the directors to resign
What do I need to know if I want to build my own shelf corporation?
If you work with a shelf company broker they should be able to assist you every step of the way from start to finish. There will be charges for doing so, but if you are new to the shelf corporation game, you will likely find this assistance very helpful.
Can I buy a shelf corporation that “already has credit”?
Yes you can. Buying a shelf corporation that already has business credit is no different than buying an existing business from an owner. If the shelf corporation has credit from doing prior business, and the business credit is “good”, be prepared to pay $1000’s for that shelf corporation. In essence, you will be buying an existing business and most owners don’t sell them cheaply.
How do I buy a shelf corporation with existing credit?
If after reading and doing your research, you still want to buy a shelf corporation with “existing good credit” we can assist you. Just complete the form and we will have a representative get back to with all the information you need. There is no obligation to buy.
