Shelf corporations and shelf llc to build corporate credit

A S S E T P R O F I L E . C O M

WYOMING SHELF COMPANIES . WYOMING SHELF LLC'S .

BUILD CORPORATE CREDIT . LIMITED LIABILITY . INCREASE CREDIBILITY WITH A COMPANY

(307) 237.2580

ENHANCE YOUR BUSINESS PLAN WITH A SHELF CORPORATION OR LLC FROM WYOMING OR NEW MEXICO.

$600 for a two year old shelf company until February 28, 2010. Ask for the list here. When is an LLC better than a corporation?

NEVADA CORPORATION/LLC vs. WYOMING CORPORATION/LLC vs. NEW MEXICO LLC
NEVADA CORPORATIONS & NEVADA LLC'S	WYOMING CORPORATIONS & WYOMING LLC'S	NEW MEXICO LLC'S
Nevada Secretary of State: State fees to incorporate in Nevada and file the initial list of officers: $200	Wyoming Secretary of State Wyoming State Filing Fee to form a Wyoming corporation: $100	New Mexico Public Regulation Commission: $50 to file a new NM LLC.
CAUTION: Nevada corporations require a business license: Now up to $200, Caution: Not filing the annual business license jeopardizes the corporate veil in Nevada. Nevada business license requires SSN, DOB and other info of officers and owners. Proof here. Late penalty is $100. PLUS, the annual list of officers is $125. That's $325 per year in NV state fees.	Wyoming Corporation or Wyoming LLC: Business license NOT required. Wyoming is #1 for business: Tax Foundation Claims	No annual report required for New Mexico LLC's. LLC's in New Mexico are a great choice because there's no maintenance. Corporations are not advisable in New Mexico.
Moderate respect for property rights. State business license requires DOB, SSN, and percentage of ownership. Nevada sells their information to database companies. Managers are public. Complete management and ownership information is released from the State of Nevada.	High respect for property rights and protection of property interests. Excellent charging order protection. Private. Members are private. Managers are made public.	Moderate respect for property rights. Managers and members are private.
Nevada state renewals: $125 for annual list of officers and $200 for the business license. Filing fees are going up to cover State debts.	Wyoming annual renewal: $50 State of Wyoming is in the Black...no state debt. Fees are staying level.	No annual fee for New Mexico LLC 's. No annual report. Expected to stay the same.
Companies may be expedited within 24 hours. Certificates of good standing are expensive, and require an expedite fee.	No expedite procedure. Usually one week to file a new company or any amendments. Certificates of good standing are free and may downloaded online, and printed immediately.	Two weeks to file a new company. For shelf companies, it takes two weeks to obtain a certificate of good standing.

MORE INFO

READY MADE COMPANIES IMMEDIATELY AVAILABLE

BUILDING CORPORATE CREDIT

SHELF CORPORATIONS AND SHELF LLC'S

BASIC OPERATIONS

BUILD CORPORATE CREDIT

How to improve your company's credit score.
Build Corporate Credit: Basics and what to avoid
Corporate Credit Score

WARNING ON CALIFORNIA CORPORATIONS & CALIFORNIA LLC'S

Directors and Officers may be held liable for the debts of a California corporation or California LLC.

THOUGHTS ON SUCCESS

Thoughts on wealth, success and your small business.

SPONSORS

nominee officer, nominee officer service, nevada nominee officer, nevada nominee services

Enhance your marketing campaign with an aged shelf corporation. Gain increase access to corporate credit.

Prospective clients prefer to buy from an business two years old than one that's two weeks old. Consider credibility and stability part of your marketing plan.
Business start-up is more convenient when you have a corporation or LLC that's immediately available.
Have access to enhanced contract opportunities
Build corporate credit
Use our mail forwarding address while the company files as a foreign entity in your state.
We throw away junk mail.
We provide corporate resolutions to protect the corporate veil.
Obtain limited liability in your business affairs. We call this asset protection.

Is the name of the shelf company important? Should I change the name of the company?

Remarkably, the name of the shelf company is NOT as important as you think. What you do is more important than the name of your company. But you still want a catchy name, right? Obtain the shelf company and file it in your home state. Then determine if the preferred name is available in your home state. File a Doing-Business-As (DBA) in that state, if the name is available.

Should I change the name of the shelf company?

No, lenders consider name changes as a new company. If you seek to max out available financing, stay away from name changes.

What do I get with my shelf company?

Original articles, resolutions, operating agreement (LLC), bylaws (Corporation), release of control over the company.

What should I look for in looking for a shelf company?

It's clean of liabilities.
Seller of shelf corporation or shelf LLC will guarantee claims that it's clean.
No previous owners.
Ample selection of companies.
Reasonably priced.

Should we use a virtual office?

The virtual office industry is great for convenience but NOT for companies applying for corporate credit. When too many companies share an address and don’t pay off their loans, an address may be flagged. In the effort to look legitimate, the company looks suspicious because too many companies occupied that address and a few didn’t pay their loans.

What shall you do about the company filing in your home state?

File the company in your home state. You can serve as the registered agent for the company. The registered agent is the point of contact for the company in case the government, or court, seeks information about the company. File the company in your home state as a foreign LLC or foreign corporation.

Who should be the corporate officers?

Lenders will request that you serve as Director and Officer of the company that’s applying for corporate credit.

What about privacy?

You may have privacy or corporate credit. But you may not have both at the same time with the same company. We sell shelf companies to empower business owners to access capital. Privacy services are not offered here.

What about offshore shelf companies?

We haven't identified any benefit in obtaining an offshore shelf company to build corporate credit or to obtain capital. We don't recommend it.

Will a shelf company help me save money on taxes?

No tax savings offered or promised. The lender will ask you to file the shelf company in your home state before applying for financing. There are no taxes savings other than what's provided after you incorporate any other business. Check with your tax advisor.

Do you have aged corporations with aged EIN’s?

EIN’s are random numbers. They are not sequential. Therefore, you really can’t tell if the EIN is new or old. This is a common question by those who seek to build corporate credit. If having an “aged EIN” were of benefit, we would apply for them. Those selling corporate credit programs commonly present this as misinformation. Furthermore, a corporation without an EIN is more likely free from liabilities.

What about a business license?

Visit BusinessLicenses.com to determine what licenses you may need.

What needs to be done after I obtain the company?

Apply for EIN, apply to do business in the state in which you seek to do business, apply for the local or state level business license, build the corporate credit, apply for financing.

Can I convert the corporation to an LLC? LLC to a corporation?

No, the lenders consider this a new company.

If I have good credit, how long will it take to build corporate credit?

4-6 months.

If I have bad credit, how long will it take to repair it?

1-3 months to repair your personal credit, then 4-6 months to build corporate credit. Sometimes, it may take less.

Can I select any business name?

Try to stay away from companies that possess the following words in the company name: Funding, Investment, Holding, Capital, or Real Estate

Why don't you publish the names of the aged shelf companies online? I don't see them on your website.

We respect your privacy and your affairs. Whether you acquired an existing company is your business. By publishing the list of available aged shelf companies online, the seller is claiming to the world that these available entities are for sale. We don't think this works in the best interests of the client.

We prefer to email you a list of available aged shelf companies so we may protect your interests, when you acquire the entity. In this manner, you reserve the choice to tell others whether you acquired an existing company.

Inquire whether the aged shelf company was consistently in good standing.

There are providers, who sell aged shelf companies, that are over five years old. Many times, these companies were not consistently in good standing. As a result, when the company is researched by a lender or credit rating outfit, the shelf company itself may be "red flagged." This may prevent the obtaining of financing. If the company wasn't always in good standing, the age of the company may be reset to when it was brought "back from the dead."

All of our companies are home grown. We don't acquire them from others. We file the corporations and LLC's ourselves, maintain them in-house, and we make certain that they are always in good standing. This results in a quality company that you may rely on to build corporate credit.

When does the age of the aged shelf company translate into a liability?

A company that is over five years old, and has nothing to show for it in terms of assets, may be perceived as a strange bird. Let's place you in the position of the banker or financial institution. You're the banker and company owner approaches you for a loan. The company has no assets despite being five years old. Don't you think this is strange? How can a company be in business for five years and accumulate nothing?

A two or three year old company normally lacks any assets of substance. But as we approach five, seven or nine years, there comes a time when the business must "put up or shut up." As a result, obtaining an aged shelf company that is two to three years old helps substantially. However, obtaining an aged shelf company that is five years old or older, may lead to additional inquiries and expectations. Considering that an aged shelf company that is five years old costs about $5000, that additional cost doesn't translate anything into added value or benefit.

Solution: Keep your costs low. Obtain a two to three year old company and don't overspend. There's no need to buy a five year old entity, or something older, when it will not translate into an advantage.

Aged shelf corporations and LLC's offer no tax advantages. We're not attorneys. We're not tax advisors.

CORPORATE CREDIT: WHAT TO AVOID...WHAT TO DO

DON'T DO	DO
Not paying bills on time.	Pay bills on time.
Don't use personal credit to finance business operations.	Obtain credit in the company name.
Don't place your house and other assets at risk.	Incorporate.
Don't post collateral from personal assets for business operations. It makes them vulnerable to loss.	This risk is acceptable if you're reasonably sure that it's necessary and there's a likelihood of success. Otherwise, it's a bad idea.
Don't commingle business and personal assets.	Incorporate! Keep company assets separate from business assets. Then place business assets in your business. Don't commingle personal and business assets. Separate is good.
Don't commingle contact information.	Keep business contact information separate from your personal assets. This means a separate phone number, separate fax number and address. Efax.com and a virtual office, or mail drop, may help accomplish this objective.
Don't use family assets.	Keep the family assets and obligations separate from the business.
Don't commingle credit histories	Keep your credit file separate from your spouse, separate from others (co-signer) and separate from your business.
For more information, please click here.

PREPARATION FOR BUILDING CORPORATE CREDIT

Lenders require full transparency. This means your name is listed on the public record.
Don't use a nominee officer/contract officer if you're applying for corporate credit.
Lenders prefer companies that are at least two years old.
File the WY company in your home state as a foreign corporation
Obtain a commercial address where you intend to do business
Obtain the phone number, using the commercial address as the billing address
Register the phone number with 411 information services
Be honest on all applications for credit
You're ready! Start building corporate credit. Call 307.237.2580 for a referral.