Aged Shelf Corporations And Business Credit Faq

Aged Shelf Corporations and Business Credit Faq-californiashelfcorporation

By collaborating with an existing firm, you can enhance the efficiency of your marketing campaign. Prospective consumers are more likely to buy from a well-established shelf corporation than from a newcomer. Collaborating with a firm that has been around for a while improves the chances of getting a business loan. Starting a business is much better because you have a ready-to-go corporation or LLC. You’ll get more outsourcing options and the company’s Business Credit will improve. You will use our mail forwarding address when the company files as a foreign agent in your jurisdiction. We give business resolutions to keep the corporate curtain intact. Obtain limited liability in corporate dealings; this is referred to as wealth security.

You should begin building business credit the moment you start operations. It takes time to apply for credit, find lenders, and build a positive payment history. It also takes time to convey positive credit history to the company credit bureaus.
Surprisingly, the name of the shelf firm isn’t as important as you may assume. What you do is more important than the name of the business. However, every entrepreneur desires a memorable name for their business. Get a shelf company and file it in your home state first. Then, see if your chosen name is available in your home state. Finally, if the name is legal in that jurisdiction, file a DBA. Keep in mind that lenders consider name changes to be the creation of a new company. If you wish to optimize available funding, avoid name changes.
When selecting a business name, you should try to stay away from companies that have funding, investment, holding, capital, or real estate in their title. Also, search “high-risk NAIC codes” and avoid those industries. High-risk industries are avoided by lenders.
You cannot alter the name of the company and lenders would see this as creating a different organization. If you need business credit, don’t convert from an LLC to a company or from a corporation to an LLC. This is likely to result in the company’s age being reset.
With the assistance of a shelf firm, you can obtain original publications, rulings, operating agreements (LLC), bylaws (Corporation), and the release of authority over the enterprise.
When searching for a self-company, it should be free of liability; the purchaser of the shelf firm or shelf LLC should make promises that it is free of liabilities; the shelf company has had no previous owners; there is a wide variety of firms from the corporation, and the prices are reasonable.
For flexibility and access to company credit, a virtual office is a great option. Using a business address rather than a home address, a PO Box, or a UPS Store. To learn how to set up a business address to maximize business credit, please follow this link:
Foreign qualify your company in the state where you want to do business or where you work. You can serve as the registered agent for the firm. If the government or some other jurisdiction demands information about the corporation, the approved registered agent acts as the company’s point of contact. Register the company as a multinational LLC or international corporation in your home state. To learn more about how to file a corporation into another state, please follow this link:
Lenders require you to act as Director and Officer of the corporation seeking corporate credit.
Building business credit requires openness. This implies that official records must contain the company’s business address and signature. Lenders attempt to verify the business credit application by reviewing public records and comparing them to the loan application.
To learn how to prepare your shelf company to build business credit, please follow this link:
There are no discernible benefits of forming an offshore shelf company in order to generate corporate credit or accumulate cash. However, we do not suggest it.

There are no tax cuts being proposed or promised. The lender will force you to file the shelf company in your state before applying for credit. Other than integrating, there are no tax advantages.

EINs are randomly assigned numbers. As a consequence, it is impossible to tell whether an EIN is new or old. This is a common question received by business owners seeking to create corporate credit. Companies advertising corporate credit schemes sometimes view this as misinformation. Furthermore, a corporation that lacks an EIN is less likely to be held accountable.
The IRS no longer accepts nominee EINs. Since our business abides by all IRS laws and rules, we do not use candidate EINs. If you have a contestant EIN, you’re asking for trouble. We assist clients who want to abide by the law.
When applying for business credit, you must disclose your company’s ownership share to the bank. Until lending money, financial institutions want to hear about your relationship and position in the company. When it comes to company credit, there is no such thing as anonymity. Your name must be on the public record, and you cannot nominate a “nominee” to the position of Director or President.
When applying for an EIN with the IRS, you could use your SSN. For more details, go to
To find out what licenses you need, visit First, declare the company in your jurisdiction as an international agency. Then, if applicable in your area, obtain the county and city business licenses.
After obtaining the shelf company, you can apply for an EIN, register to do business in the state where you want to do business, obtain a local or state level business license, create corporate credit, and apply for financing.
If you have good personal credit, it will take around 4-6 months to build business credit.
It will take approximately 1-3 months to fix bad personal credit, followed by 4-6 months to build corporate credit. In some cases, this method can take less time. Business credit may also be developed separately from your credit. This is done by completing the business credit application without including your SSN.
We value your privacy and the confidentiality of your affairs. It is your option whether or not to buy an established business. The seller says that these available businesses are for sale by posting a catalog of available aged shelf firms online. As a corporation, we do not think this strategy serves the client’s best interests. We would rather send you an email with a list of available aged shelf companies so that we can protect your interests when you buy the entity. In this way, you keep the option of telling someone why you bought an existing firm.
Other providers market over-the-counter businesses that are more than five years old. These businesses were frequently not in good faith and were disbanded as a result. As a consequence, when a lender or credit rating agency investigates the business, the shelf company itself could be “red-flagged.” This will make it difficult to secure funding. If the organization was not still in good health, its age could be reset to the date it was reestablished. Our corporations have never been disbanded, and we do not buy them from others. We register the companies and LLCs ourselves, keep them up to date in-house, and ensure that they are all in good standing. As a result, you will have a high-quality business on which to create corporate credit.
Company credit bureaus collect information from official documents, court and conviction records, cases, business registrations, yellow pages, 411 information, emails, interviews with company principals, reports from creditors and other businesses, website statistics, financial reports, and supplier reports. This is important for the company’s credit profile. Both public points of information must precisely fit the information on the business credit application.
The shelf company’s age: If your company is less than two years of age, lenders will not extend credit.

Business Licenses: A corporate license proves that the corporation is in compliance. It also represents the shareholders of the firm. No business license was obtained for any of our shelf businesses because it was not needed. When you receive a business license in your state for the shelf venture, you will become the first owner of the record as listed on the application.

Location: After obtaining the shelf corporation or shelf LLC, you must register the company in your state and acquire a business address. You have a significant advantage if you operate a business address. Household addresses are given a lower ranking and receive less support. Making a list of firms with which you do business is a low-cost choice. Consider a real estate agent, a life insurance agent, a dry cleaner, or some other service provider. Offer to pay them $100 a month for office space and mail collection. Then, use the company’s commercial address. It is not advisable to use a simulated workspace, such as a UPS location or other virtual office services.

Annual revenues: If no revenues, use sales projections. Our shelf companies had no sales because they didn’t have any business activity.

EIN: To open bank accounts and conduct business, you must have an EIN. Our shelf companies do not have an EIN. You must file Form SS4 with the IRS to obtain an EIN.

Number of Employees: Consider your paid professionals (tax advisors, attorney, business consultant). Our shelf corporations have no employees and owe no employment tax.

Information required: A DUNS number is required for store credit. The amount of funding needed, as well as the financial institution, will decide if additional detail is necessary.

Bank accounts: When you receive funding, the bank will request that you open a new account. As a consequence, your current account has been designated as a secondary account. The account would most likely be opened at the same financial institution that offers credit. Our shelf companies lack an EIN and bank accounts. Shelf companies with existing EINs and bank accounts are at risk of possessing irregular business reports, outstanding commitments, back taxes, lawsuits, and possible lawsuits. Consider this: Who would sell a two-year-old shelf company with an EIN and a bank account unless it went out of business? What obligations are they attempting to avoid?  Any of these factors, you can never use a shelf company or a shelf LLC that has an EIN or a current bank account. The most stable company is one that does not have an EIN or a bank account. Following the purchase of the business, you must receive an EIN and open a bank account. The EIN is given free of charge by the IRS. As the owner, you must obtain an EIN. Do not pay a nominee vendor to get your EIN. For an explanation on how to open a business bank account, please visit this link:

Websites: Your company should have a website and a dedicated email address. The website’s name does not have to be the same as the name of the shelf company. You can also have a DBA for the company so that it can be included on the website.

Phone Numbers: The phone number must be a physical landline number. A VOIP line can also be used, but a landline is preferred. The phone number must be in the company’s name, not yours.

Shelf Company Fraud: Be suspicious of buying a company from an incorporator that resurrects defunct corporations. A restored shelf company is not legitimate if the initial owners did not consent to the filing. If a shelf business is resurrected, the bank or financial institution can fail to remember its age (from the date of incorporation). From the bank’s perspective, the shelf company’s existence started again on the day it was rebuilt. When a 20-year-old company was reinstated at this stage last year, the age is one year. It is not a 20-year-old company because, for example, it has been dissolved or has been inactive for the past 20 years.

The aged shelf company’s seller can inform you that the 20-year-old shelf company is 20 years old. The documents are official when they are from the Secretary of State; nevertheless, how the bank perceives the corporation’s age varies significantly from how the incorporator who is attempting to sell you the company perceives it. An incorporator who persuades you to buy an expensive business, regardless of age, but does not teach you the facts about how banks make decisions is committing fraud. This is true if the incorporator is aware that you are looking to establish commercial credit for the entity you are purchasing.

The reinstatement of such shelf companies without the owner’s permission is the second part of this scam. The scammer came and reactivated a dormant company, leaving the legitimate owners in the dark. In several instances, this is dangerous. To begin with, it is illegal to resurrect an entity that does not belong to you. The phrase “mail fraud” comes to mind right away. Second, selling you a company that has been illegally reinstated is a form of fraud. Finally, obtaining an EIN and opening a bank account in the name of a company that does not belong to you are felony crimes punishable under federal law. The danger is not worth the trouble. In collecting the funds, the trader could even be engaged in wire or postal theft, which may be called money laundering.

Someone should not own a company just because they hand you a certificate of good standing and a series of submitted papers of incorporation. And if you do business with a company that was not owned by the lender, you do not own it. Receiving stolen property is a serious offense. Penalties, both civil and criminal, are both likely and unavoidable. This is a massive case of corporate identity theft.

The restored company may have undiscovered obligations such as bad debt, back taxes, unfiled tax returns, and convictions. Imagine throwing your money, income, effort, and commitment into a company you thought you owned but didn’t, just to see the IRS show up. Why stress yourself out and go round and round in circles?

You are best off buying an off-the-shelf company that has been filed and run by the same people for a long time. We may not promote reborn companies. We only sell companies that we have registered, held in good standing year after year, and have only sold once. Since we are the incorporator, you are referred to as the initial participant.

Do not be easily convinced by companies who are dishonest; they won’t hesitate to complicate your life in the process.

Please see our how-to video found here:

  1. Incorporate as an LLC or corporation. Sole Proprietorships don’t get funded. Avoid them.
  2. An older company is better than a newly filed company. An organization that has been in operation for two years has a significant edge over a new company. Starting your business with an established firm gives you the ability to resolve sales objections and increases your reputation. This raises revenue and bank deposits, resulting in greater access to finance.
  3. File your company into your state, or wherever you intend to do business. If you buy a business from another jurisdiction, you must relocate it to your state. This is referred to as “filing as a foreign entity” or “qualifying” to do business. This is both natural and necessary. Lenders want to see that the corporation is doing business in the state where it will eventually do business. They will want to see that you are doing your company from a safe distance.
  4. Consistency of information is critical to vendors and lenders. The business address and facts about the principals must be clear with both public information sources and the credit submission. This ensures that the records on the Secretary of State’s website must match the details on business licenses and any applications for business credit. Inaccuracies are detrimental to your success.
  5. The business owners must be listed on the public record. When applying for business credit, there is no privacy from the public record.
  6. The address of the company must be commercial or industrial. Consider a virtual office. Do not use a UPS Store, a home address, or a PO Box.
  7. Build a website and obtain an email address that’s based on that website. Using an email address from a website, such as Yahoo or MSN, instead. Pay for a website, customize it, and use your domain name with your email address. For example, your email should end with “”
  8. The company name matters. Avoid brand names that imply high-risk markets or cash-based companies. Pawnshops, cash exchanges, liquor stores, vending machines, money order transactions, yacht sellers, and pizza restaurants, for example, are seen as high-risk by lenders. To prevent this problem, do not locate your company in a high-risk sector. Do an online search for, “HIGH-RISK NAIC CODES.”
  9. Business credit is built on the EIN of the company-not your SSN. The Employer Identification Number (EIN) is used to identify the business to the IRS and lenders. If you must have a personal pledge, do not provide your SSN on the business credit application.
  10. Open a business account in the name of the company. Don’t use your personal account for your business affairs.
  11. List Your Company With 411 Information Services. In order to obtain a 411 listing for your company, visit

Please see our video:

Understanding the terms of lenders and then following those requirements are needed for business credit acceptance. When applying for business credit, the business address and phone number are important factors.

  1. You need to incorporate into a corporation or LLC. Don’t use a sole proprietorship.
  1. An older company will perform better than any new company.
  1. Apply for an EIN for your company. Build business credit under that EIN.
  1. To establish business credit, you must have a business address, a business phone number, a business fax number, a business website, and a business email address.
  1. Obtain a physical address for your business. To apply for the lease, use the company name and EIN. As your business address, do not use a UPS Store, a home address, or a PO Box. Using the Social Security Number only if the landlord requests a personal commitment. An older business has a better chance of securing a lease than a younger company. For a list of aged shelf companies, please visit
  1.       Make sure your business phone number is included with your company’s name and EIN. The business phone bill must be addressed to the business account, not the home address or PO Box. Landlines are well regarded in the banking industry. Many phone companies have a “Market Expansion Line.” It is a telephone company hardline, and calls may be routed to your mobile phone. VOIP phone numbers are also effective.
  1. The billing for the fax number must be the business address of the company.,, and all offer fax numbers.
  1. Register with 411 resources until the business address, phone line, and fax line have been resolved. is the quickest way to make that happen.
  1.   At least one business credit rating firm evaluates a company’s reputation based on its leasing district and per capita revenue. Look up the most expensive zip codes in your region. Then, in one of those zip codes, set up a virtual workplace.
  1. Ensure that the contract invoice, contact number, fax number, internet bill, and all other bills are sent to the business’s commercial address and EIN. Again, do not expect to collect any of these bills at your house, PO Box, or UPS Store.
  1. The name on both of those bills would exactly fit the name registered with the Secretary of State. This information must also correspond to the name on all company licenses and permits. This attention to detail on applications should not be overlooked.
Please visit our instructional video here:

Building business credit requires certain steps in a certain order. You can’t get a bank loan on day one. You must prepare the business to make that final step. Where do you start?

  1. Make the company ready for business credit (
  2. List the business with Business Experian and Equifax.
  3. Both will share information with the small business exchange (SBFE).
  4. Then the SBFE will share that information with D&B.
  5. D&B will send your business a free DUNS number.
  1. Build vendor credit before anything else.
  2. Retail credit
  3. Fleet credit
  4. Cash credit
  5. Bank loans

Most people begin with bank loans and fail. However, applying for a bank loan is the final step in establishing business credit. To secure a bank loan, you must first complete a set of procedures to complete the bank application.

  1. Please see our video here:


    Most vendors require you buy from them several times before opening a credit account.  Apply for a line of business credit with that vendor. Expect the line of credit to be a low amount and to pay it within 30 days. Consistently turn in payments early. Some vendors include ULINE, GRAINGER, HARDWARE EXPRESS, SUPPLY WORKS, ADVANCE AUTO PARTS, and MARATHON.


    You can apply for lines of business credit with companies such as WAWA, 7-ELEVEN, SHEETZ, STAPLES, VALVOLINE, TIGERDIRECT, OFFICE DEPOT, HOME DEPOT, QUILL, GEMPLER’S, and RELIABLE OFFICE SUPPLIES.


    Continue building business credit with TRACTOR SUPPLY, BP, CITGO, SHELL, and SUNOCO.


    Once you have around 6 months of business credit established and multiple accounts reporting, then you can move up to the retail credit tier. The retail credit tier includes companies such as BESTBUY, APPLE, COSTCO, and AMAZON.


    Fleet credit is used to buy fuel, repair, and maintain vehicles of any type. Taxis, trucks, buses, and company cars are examples of vehicles that a company may need to manage. These vehicles may be used for logistics as well as transportation of goods and passengers.


    You can obtain revolving lines of credit from companies such as TOYOTA, DELL, SAMS CLUB, and AMERICAN EXPRESS.

      1. Paypal
      2. Amazon with Bank of America
      3. Amazon Marcus
      4. Amazon Corporate Card
      5. Fundbox
      6. Account Receivable Financing
      7. Square