A shelf
corporation is a company that was prepared, filed and
maintained for years before its acquired. It's aged
like wine.
WHY A
SHELF CORPORATION?
A shelf
corporation provides the following advantages:
- Increase credibility
- Bidding opportunities
- Customer, clients, vendors and
investors prefer to do business with a company that's
done business for several years rather than several
weeks.
- Age represents experience and
stability
- Lenders prefer to extend credit
to companies that are at least two years old rather
than two weeks old.
- Clients prefer to buy and
contract with companies that will be there next
year.
- No need to wait two years to build
corporate credit
- Protect assets with an aged shelf
corporation. Limited liability is asset
protection.
HOW MUCH IS A SHELF CORPORATION?
We offer six year old
shelf corporations for under $1500. We make it up in
volume.
CAN I OBTAIN CORPORATE
CREDIT WITH A SHELF CORPORATION?
It's unusual to obtain
more than $100,000 in corporate credit with an aged shelf
corporation. Lines of credit vary greatly depending on
the purpose of the loan, the business plan, the bank, who is
reviewing the loan application at the bank, and the Paydex
score of the company.
THESE ARE THE TWO
GROUPS OF AGED SHELF CORPORATION:
A clean aged shelf
corporation with no credit, no EIN and no bank account.
- The shelf corporation is safe
from unseen liabilities, or potential problems.
- There's no EIN.
An EIN is obtained at no cost from the IRS.
- No bank account
- No
history of business transactions. This makes the
company safe. A company with no business history is a
company with no risk of fraudulent tax returns, no
history of bad deals, and no creditors.
- No back taxes,
litigation or other problems. A clean aged company
means that you can build a future with a solid company.
- Requires work on the
part of the buyer because the company is a clean slate
- Buyer must build the
corporate credit profile of the company.
An aged shelf
corporation with established corporate credit, EIN, bank
account and operations
- It looks easy when acquiring a shelf
corporation with corporate credit, EIN and a bank
account. Appearances are deceiving.
- Who would sell any company, after two
or three years, after establishing credit and accounts?
A business owner that's going out of business.
- What do businesses, that are going
out of business, have in common? They owe money,
taxes, or both. Why take a risk with a bankrupt
company? This is no way to start your enterprise.
- There's no pay off. DNB resets
the corporate credit to zero, in 90 days, after you
acquire any company with established credit.
HOW DO I GET AN
EMPLOYER IDENTIFICATION NUMBER FOR A SHELF CORPORATION?
A shelf
corporation is like any other corporation. You don't
treat them differently. When you apply for the EIN,
make certain you state the correct date the business
started. The date started is the date you bought the
company from us. It is not the incorporation date of
the company. To obtain
an Employer Identification Number (EIN) for your aged shelf
corporation, apply here:
http://www.irs.gov/businesses/small/article/0,,id=102767,00.html
The
application is free. The EIN is necessary to file your
taxes and to open a bank account.
DO I
NEED A REGISTERED AGENT?
All Montana companies need
a registered agent. That registered agent must be in
Montana. If you don't live in Montana, then you must
acquire a Montana registered agent to keep the company in
good standing.
SHOULD I SHOP FOR SHELF
CORPORATIONS IN MY HOME STATE?
The best shelf
corporations are found in Montana, New Mexico, and Wyoming.
This is because ownership information is not requested, nor
shared. You would then be considered the first owner
of the corporation. Why is this important? When
someone is registered as an owner of the company, and the
company is sold, then lenders consider that as a "reset" of
the age of the company. For some reason, DNB and
lenders doesn't like when the company changes hands.
If your state requires business licenses, disclosing the
owners, and you buy a shelf corporation in your home state,
then the age of the company is reset.
You're better off
obtaining a shelf corporation from either Montana, Wyoming,
or New Mexico, and filing the company in your home state.
The company is then expanding into the state you intend to
do business. Since you are the first owner of the
shelf corporation, then the age of the corporation is
retained.
If you're seeking privacy,
Montana is the same as Wyoming, New Mexico and Delaware.
ARE
MONTANA SHELF CORPORATIONS JUST AS GOOD AS THOSE FROM
NEVADA?
Banking in
Nevada is difficult and troublesome because of the
transients and the widespread fraud.
Nevada is famous for
legalized cannabis, legalized prostitution, transients,
crime, illegal drugs, violence, organized crime, gangs, and
cash based businesses to support the gambling industry.
That's why banks take a closer look at Nevada companies.
To avoid this problem, avoid Nevada corporations or Nevada
LLC's.
Likewise, the audit
rate for Nevada corporations is four times the annual
average for the same company elsewhere. This is because
Nevada continues to promote that they have information
sharing agreement with the IRS. What is the truth? Nevada
sells their information to database companies, which sells
the data to the IRS. And what does it matter to you?
Acquiring a shelf corporation and building corporate credit
requires that your name is on the company. It requires that
you're the applicant for the EIN and the applicant for the
bank account. There's no privacy from the IRS. And yet,
promoters of Nevada corporations still tout this bogus
benefit.
Nevada is
known for gambling, prostitution, mining and tourism.
Montana and Wyoming are known for oil and gas, ranching,
agriculture, national defense and a pro-business
atmosphere. Nevada is deep in debt. Montana and Wyoming
are in great financial shape.
STATE
INCOME TAXES
You must file and pay
state income taxes in the state in which the business is
conducted. If you intend to do business in California
with a Montana shelf corporation, then you would file the
Montana shelf corporation in California. Although the
California filing is new, the age of the shelf corporation
is preserved. Banks prefer to see you as the Director,
President, Treasurer, Vice President, and Secretary, and an
address where the officers are located.
Please check with your tax
advisor.
ARE YOUR
AGED SHELF CORPORATIONS LISTED ON YOUR WEBSITE?
Our Montana shelf
corporations are not posted online to protect the interests
of our clients. Request a list of shelf
corporations
here.
HOW DO I OBTAIN
BUSINESS TELEPHONE SERVICE IN MONTANA?
Obtain a MT telephone
number by reaching CENTURYLINK.COM. Ask for
a market expansion line. This is a business line
installed at the telephone company. No onsite
installation is required. Calls are forwarded to your
landline or cell phone.