| Shelf corps or shelf corporations are typically | | | | corporations that are now out of business, reinstate |
| corporations that have been left on the "Shelf" to age. | | | | them and sell them. The thing is, these corps cost the |
| Typically, individuals purchase shelf corporations to | | | | reseller $150-$300 and are being resold for $2000+. It |
| 1. Have access to credit that they would not have | | | | will be difficult for me to explain everything in this one |
| access to with and brand new corporations. | | | | article but I will cover as much as I can in the little |
| 2. Have the ability to apply for government contract. | | | | space I have. |
| Some contracts require companies that are two years | | | | Basically you have to go to the state that you are |
| and older. | | | | interested in Secretary of State Website and look up |
| When looking for aged corporations you will realize | | | | corporations that have to pay their state fees. You |
| that there are law firms that sell shelf corporations as | | | | then check the credit of the corporation that you will |
| well as shelf corp vendors. Many of the shelf corp | | | | like to acquire to ensure that there is either good credit |
| vendors who claim to sell shelf corps and build | | | | or no bad credit (depending on if you simply want a |
| business credit with them are scammers. In 2010, it is | | | | shelf corporation with a good paydex score or a clean |
| impossible to get $150K in no personal guarantee credit | | | | aged corp). Once you have identified the corporation |
| with one corporation. So if you see anything like this | | | | that you want, you will want to then contact the |
| being advertised, you must know it's a scam. | | | | previous owner of the corporations and have them |
| Typically, you will be able to get 20K-50K (50K is a little | | | | agree to transfer the corp to you. |
| stretch) in no PG cash business credit with one | | | | This process is simple but there are two parts of the |
| corporation so if you are looking for more than this, | | | | process that is a bit tricky. First, checking the credit at |
| you will have to get more that one corporation. These | | | | an affordable price is a challenge. You pay DnB $100+ |
| lines of credit can be gotten in as little as 2 weeks if | | | | for a full DnB credit file of the specific corporation. The |
| done properly. Due to the lowered range of business | | | | other tricky part to the process is getting the owner to |
| credit being acquired with shelf corporations, you may | | | | sign the company over to you. I have covered both of |
| want to take a serious look at how much you are | | | | these topics in two of my ebooks. My blog also has |
| paying for a shelf corporation. I suggest that you do | | | | loads of free, valuable information on building business |
| not pay for than $4000 for a shelf corporation with an | | | | credit from the ground up. |
| established credit file and more than $3000 with one | | | | In concluding, buying a shelf corporation is something |
| without a paydex. | | | | that can be very beneficial in building business credit |
| What you need to know about shelf corporations is | | | | quickly. Simply be very careful who you buy it from |
| that most of the shelf corporation providers do not | | | | and consider how much you pay for it. |
| sell actual shelf corporations. They acquire | | | | |