• Ask for the list of available shelf companies here.  (307) 237-2580

WHAT TO AVOID WHEN BUYING AN AGED SHELF CORPORATION

• Data Mining:  The buyer acquires an aged shelf corporation that didn't belong to the seller.  The seller obtained documents directly from the Secretary of State and sold the company without buying it.  In short, the seller marketed a product he didn't own in the first place.  He committed mail fraud and wire fraud.  The buyer loses his financial investment and gains nothing. 
• Tax Return Fraud:  The seller of the shelf corporation includes fake tax returns with the company.  Banks and financial institutions typically request a transcript of tax returns directly from the IRS.  As a result, the fraud is uncovered and criminal charges often result.  The buyer of the aged shelf corporation is left to explain what happened.
• Personal Guarantor:  Many people are victims of identity theft.  These victims' identities are used as a "personal guarantor" to obtain credit for an established corporation.  In addition, some people have paid money to obtain a personal guarantor in violation of federal, state or local laws.  This is fraud.  The personal guarantor accuses the buyer of the shelf corporation of identity theft. 
• Established Credit:  Pre-approval letters are used to boost the credit profile to prospective buyers.  Imagine that someone writes a letter, friendly to the seller, stating that the company is pre-approved for a $500,000 loan.  The pre-approval may have certain stipulations, such as money down or may carry an excessive interest rate.  There are people looking for a source of money without the intention of paying it back.  Scammers know this and will say anything to sell a company with a high price tag.  It's key to apply for loans that you intend to pay back.  Likewise, don't buy into an aged shelf corporation with an established credit line that is too good to be true.  As a bank, would you extend $500,000 in loans, or a $1,000,000 loan, to a company you hardly knew because it was two years old, or three years old?  No.  Aged shelf companies may obtain financing of up to $100,000 or less.
• Unrealistic Expectations:  Buyers are often convinced that they are able to reach credit levels of $500,000 to $1M.  Most of the time, this is not possible.  The inflated claims of the sellers are the cause of this, as well as the buyers wanting to believe these claims.
• Unseen Liabilities and Back Taxes:  Sellers buy companies that went out of business and sell them to buyers who don't ask questions.  Many start-ups go out of business after two or three years.  As a result, there are many available "out-of-business" companies available with destroyed credit, back taxes, and unfiled tax returns.  Buying one of these companies is a problem waiting to happen.  Often, the public record shows a lack of liens against the company due to debt, or the IRS may be slow in filing a tax lien due to unpaid taxes.  When researching the company, it's easy to make a conclusion that the company is clean of liabilities when it isn't.  How?  It takes time for an unpaid liability to show up as a lien.  Disputes take to time to reach a point of a lawsuit.  Business owners, frustrated with their failed venture often abandon the company without filing its tax returns.
• Established credit is wiped clean and doesn't transfer with the company:  Dunn and Bradstreet (DNB) resets the credit profile of any company after the owners change hands; within 60-90 days.  This means that any company with established credit will lose it! 
• Scammers seek to convince you to do something illegal:  By dragging you into their illegal acts, or in doing something dishonest, this check-mates you from calling the authorities.  If you committed fraud in some way to obtain credit, the seller can psychologically keep you from calling the police.
• Watch out for companies that were previously dissolved.  Promoters of shelf corporations like to reinstate dissolved corporations and sell them as an aged shelf corporation.  This is because they seek to cut corners and not age the company properly.  As a result, buyers sometimes acquire a shelf corporation that was previously dissolved, and won't meet their needs.  Only consider a shelf corporation if it was always in good standing with the state in which it was formed.
• FOR A LIST OF SHELF CORPORATIONS THAT ARE SAFE, CLEAN AND IN GOOD STANDING, CALL 307.327.2580 FOR A LIST OF AVAILABLE SHELF CORPORATIONS.  EMAIL HERE FOR THE LIST.

THE SOLUTIONS IN ACQUIRING AN AGED SHELF CORPORATION

• Obtain an aged shelf corporation that was always in good standing.  Never buy a shelf corporation that was dissolved at any time.
• Buy an aged shelf corporation with no Employer Identification Number, no bank account, no registration with DNB, and no established credit.  The EIN is free from the IRS. 
• What about the age of the EIN?  It doesn't matter.  EIN's are random numbers.  They are not sequential.  This means you cannot tell the age of the EIN by the number itself.  Don't pay more for an aged shelf corporation because it has an aged EIN.
• Establish a new bank account after acquiring the aged shelf corporation.  Aged bank accounts don't matter.  When a bank extends you a line of credit, they request the company open a new account with the same bank.  For example, your aged shelf corporation established a bank account with Wells Fargo Bank.  Later, Bank of America offers you a line of credit and now you open a new account with Bank of America.  You should open the account with the new bank where financing is available.  An aged bank account doesn't mean anything at all.  Don't pay more for an aged shelf corporation because it has an aged bank account.
• Obtain a clean aged shelf corporation that's at least two years old, with no EIN, and no bank account.  Companies with no EIN and no bank account cannot do business.  This means the seller doesn't need to worry about back taxes, overdraft bank accounts and other liabilities.
• Obtain a written statement from the seller that the company is clean from liabilities.  The seller should indemnify the buyer if anything goes wrong in terms of back taxes, unpaid liabilities, and the like.  Get it in writing.
• Don't pay more than a $1000. 
• Free is not free.  Certain promoters offer free services for set-up.  Set-up is always free.  Obtaining a phone number is free.  There's no free lunch.  As such, expect to pay sometime down the pike.
• If it smells funny or wrong, don't do it.  By keeping yourself on the right side of the law, you keep the option of calling the police if you're ripped off.
• It's rare for an aged shelf corporation to receive anything over $100,000 in available financing.  Check your expectations.
• CALL 307.327.2580 FOR A LIST OF AVAILABLE SHELF CORPORATIONS.  EMAIL HERE FOR THE LIST.