Here’s how purchasing a Shelf Corporation can benefit your business in a major way..
Who doesn’t want to be his/her own boss? Having your own business is pretty much fascinating. Researches have portrayed a large chunk of people, especially young adults, who are unwilling to work under bossy pressures and needless constraints that many organizations have to pose on them. So to get released from all of these stresses, they decide to start their own business. And when starting a brand new business, some self made entrepreneurs choose an option of starting all over from scratch on their own. But on the other hand, others seize some workable opportunities to hit on an attractive venture. To buy a Shelf Corporation is the most suitable option for the latter. Not only starting a new business, an aged shelf corp advantages you when it comes to expanding your existing business. In this article, will aim to discuss how buying an aged corporation can facilitate your business expansion and advantage its positive financial growth.
1) Acquiring Credit Ready Shelf Corporation
Most lenders and financial institutions don’t trust new companies and are therefore not willing to give a loan on most cases. The company that ages for a certain length of time is ready for financing. Most cases this is at least three years in business or more. Such a corporation is more likely to qualify for the loan as compared to a newly established corporation. The older the business is, the more confidence the financial institutions place in them and lend them the required funding. This corporate funding can help you expand your business just as you acquire a credit ready aged corp. So it’s pretty feasible to purchase an aged corporation rather than establishing a new one from the scratch.
2) Time And Cost Savings
You might not know anybody who doesn’t love their time and money. Everybody here is always short of time and money. Aged Shelf Corporations are best suited for such people, who are time and cost-conscious but need their own business too. Acquiring a shelf company saves you a massive cost that might increase if you buckle down to creating your company. Besides this; creating a new shelf corporation requires a huge lot of time and immense paperwork. (All of this fuss can be cut down if you decide to buy an aged corporation from Credittude Credit Repair.
3) Bidding On Government Contracts
4) Expanding outside your state of operationS If it is considered a success symbol to expand your company to multiple geographical locations, it is highly challenging too. To cope up this task for you, we offer aged shelf corporations where you wish to expand your company. Other U.S. states may have different tax systems or cheap labor or technology that you need for your company. Hence, if you wish to expanding your business in such a state, buying an offshore shelf company is a suitable option for you.
5) Attaining A Good Credit Score
A newly established business takes a lot of time to rank good on its credit rating. Whereas, the aged corporation that ages for some time can get a good credit score in a shorter time. That’s because such a corporation has already completed its infancy days and can now have a good credit rating. So it seems reasonable to have an aged corporation which is going to give you an attractive credit value as its owner. However, make sure that you buy aged corporation that does not have a bad debt history.
6) More Attractive to Investors:
The age of the company is what attracts the lenders as well as the investors. A shelf corporation enjoys this benefit of being an existent entity for an appreciable length of time. Therefore; it can not only attract better lenders but it also looks appealing to wealthy financial investors. They’re more confident to place their funds in a safer place and a aged shelf corporation suit them better! This makes the aged corporations have better access to the investment capital in comparison to a newly developed company.
7) Better Customer Confidence:
Just as a good reputation and age of a corporation matter to the lenders and investors, it is also an accepted fact in regard to the consumers. The consumers are more likely to place their trust in the business that has been in the market for a certain length of time. Newly developed business takes a long time to occupy a place in consumers’ minds and this task demand a lot of financial and strategic effort. Thus aged corporations excel in this regard too by winning the customers’ trust quickly and developing a healthy customer base.
8) Better Relationships With Financial Institutions:
As stated above, the age of an established corporation has a lot to do with the dealings with the financial institution. Similar to the significance of attractive business loans and investment, the owner of a shelf corporation is also able to develop intimate relationships with renowned banks and financial institutions. An older aged shelf corporation exists in the business world and assuming its existence, its owners feel more confident when dealing in its name.
9) Qualifying For Business Credit Cards:
Well-known financial institutions that provide trustworthy credit cards and business lines of credit often require the corporations to stay in business for at least two years. Then they have a chance to qualify for the business credit cards if only they meet certain requirements. However, this is not the case with an aged corporation. If you acquire a two to three years old shelf corporation, it will qualify for the credit cards when you meet some minute requirements by the financial institutions.
CONCLUSION: Bringing it to an end, if buying a shelf corporation or a credit ready aged corp has hundreds of advantages, care has to be taken when getting into such a deal. Contact us today at 1-800-998-3452 to get started with your very own shelf corporation!