Q: What is an aged corporation?
A: An aged corporation is any corporate entity that was formed and filed with the state at least one or more years old. What are the benefits of buying an aged corporation over forming a new corporation? Aged corporations allow the new stock holders to claim the time of existence as their own legally. For example; if you are starting a construction company and have had years of experience in the construction industry but file a new corporation today, both creditors and customers alike will perceive you as a “new” construction company and probobly be less likely to choose you to do the work or allow you to bid on their work since you have only recently established a company for that purpose. An aged corporation would allow you to roll your new venture into an existing corporation, change the name (or not) to fit your mold and claim that while your contractor’s license may be new your company has been established for several years. This especially comes in handy when applying for new credit to start your venture as an aged corporation. This is just one example of the many beneficial uses of an aged corporation.

Q: What are the differences between Shelf Corporations and Aged Corporations?
A: Aged Corporations and Shelf Corporations are basically the same - although an aged corporation implies an “age” of at least 1 year of age (usually much more). Both types can be an LLC, “C” or “S” corporation or any other corporate entity - usually not a sole proprietor or limited partnership. Both will ideally be without liabilities, debt and any judgements or liens. They may or may not have a DNB (Paydex) or Experian Business credit file (Intelliscore) already. If it already has a business credit file and tradelines. We sell aged corporations with and without business credit files.

Q: Are Shelf Corporations Legal?
A: Yes, Aged Corporations or Shelf Corporations are simply companies that were created to do business at some time in their lifetime of existence. A Corporation is a separate legal entity in and of its self that is controlled by stockholders that direct its moves. Buying a Shelf Corporation is the same thing as buying an existing business. The only difference being Aged Shelf Corporations have done no business yet and are free from any liabilities that a business that is running day to day operations may be exposed to.

Q: What are the benefits of buying a Shelf Company or Aged Company?
A:
• Company image in all business and walks of life the longer your company has been incorporated the better you will be perceived by most..
• Bidding on contracts may require your company to be a certain age. No one wants to give the new guy a shot.
• Obtaining bank loans is can be much easier if you can show your company has a history.

Q. Will I be able to go out and get immediate funding with my new Shelf Corporation?
A:
• Company image in business usually increases the longer your company has been around.
• Bidding (and winning) on government contracts and other larger contracts may have a minimum company “age requirement”.
• Corporate credit can be very difficult to obtain without sufficient age and history of that corporate entity.

Q: Which Type of Shelf Companies Are Available?
A: Shelf or aged companies can be any entity type. This means you can obtain a previously established Corporation, L.L.C., or Non-Profit Corporation in any state (depending on availability) to gain instant credibility and corporate history.

Q: What If I Do Not Like the Name That is Available?
A: You can change the name to virtually any name you want as long as it is not taken in your state or trademarked.

Q: How Long Does The Process Take?
A: The transfer of ownership varies depending on state. Every state offers expedited filing, for an additional fee. Turn around times take as little as 48-72 hours while others states may take up to 7-10 business days. Non-expedited filings in most states is 3-4 weeks; however, a few states may take 6-10weeks.

Q: Which State Should I Choose?
A: Picking a state depends on what you are trying to accomplish. If you are looking to use a shelf company to show “corporate history” or trying to bid on a job, then you may opt for a shelf company in your state of business or where you reside. On the other hand, if you want to appear to be a big business you can purchase a company in a different state and use it to appear large and nationwide.
Other individuals want to conceal their anonymity in states like Delaware and Wyoming.
If you choose a company in a state other than yours and need it to conduct business in your home state then you will need to file a “foreign qualification”.

Q: What is a Foreign Qualification?
A: This allows a company established in one state to conduct business in another state. For example, if you are a contractor working across state lines and you need to pull permits. This process verifies your company in good standing in its home state and allows it to conduct business in the foreign state for a year.