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Shelf Corporations: Why?
Access
Increased access to business credit
Enhanced Credibility
Compete
Compete with established competitors locally and nationally.
Access To Business
Access to business leasing of equipment and retail space. Landlords don’t like leasing to new companies.
Better Terms
Better terms on lending, credit cards, business loans, leasing, and net 30 accounts
Enhanced Asset Protection.
Instant Credibility
Instant credibility. The company is aged and your customers will feel more comfortable doing business with you.
What is the purpose of a shelf corporation?
Shelf Corporation Purpose #1
The shelf corporation is used to assume a business history (time in business).
Shelf Corporation Purpose #2
The shelf corporation makes business start-up easier when needing to establish business credit.
Shelf Corporation Purpose #3
Shelf corporations are ideal when action must be taken immediately, such as the transfer of key assets. This may apply in cases such as taxation and asset protection issues.
Shelf Corporation Purpose #4
There are promoters of shelf corporations that advocate the use of aged shelf corporation for the repair of credit, or an alternative form of credit for those who are credit challenged.
Shelf Corporation Purpose #5
A contract was entered into in the name of a corporation to be formed and an unforeseen liability has surfaced.