SHELF COMPANIES WITH AN EXISTING EIN
CORPORATIONS AND SHELF LLC'S
BUILD CORPORATE CREDIT
Providers are selling shelf companies with
an existing EIN; and they are charging more as a result.
Companies with EIN's are mandated to file annual and timely income tax returns. If the shelf company has an EIN, it must file a return. A late return, or no return at all, will result in late fees, penalties and interest. If they filed the return, we hope that they were truthful. If they weren't, the new owner may be dealing with a mountain of IRS stress on the horizon.
Many shelf companies with existing EIN's did not properly file income tax returns, or didn't file them at all! Why take the risk? Don't do it.
SOLUTION: Obtain a shelf company without an EIN. EIN's are free! You may apply online for an EIN with the IRS here: http://www.irs.gov/businesses/small/article/0,,id=102767,00.html
Don't buy a shelf company with an existing EIN. You're better off with a clean shelf company with no EIN, no bank account and no developed corporate credit.