Companaidh Companaidh an Sgeilp
Shelf Corporation / Aged Corporation
A “shelf corporation,” also known as an “aged corporation,” or “aged shelf company” when referring to an LLC, for example, is a corporation that is already formed, but not in use, and ready for “purchase” by a new owner. There are many reasons that people purchase shelf corporations. On the other hand, there are certain things to look out for when considering one of these “ready made” corporations.
Click to see our LIST OF AGED COMPANIES
Carson a bu chòir dhomh corpas sgeilp a chleachdadh no a cheannach?
It is responsible to note that age is not the only factor. It is likely not a main factor in business and lending relationships, engaging in business, credit, or real estate agreements. As an established company it can save some time. That is, you don’t have to go through the entire process and waiting period to establish a brand new corporation. Most potential business resources are hesitant to engage brand new or up-start corporations. So, with an existing company, you can approach them as an established entity that has actually been in existence. Obviously, the more years the corporation has been in existence, the better. Therefore, it is more likely that your business contacts take your company more seriously. As such, this may grant your business more access to business relationships.
To be clear, the credibility increases, in our opinion, when you use the company to actually engage in business; not merely by the number of years someone set company on a shelf. These relationships may include agreements, Dun & Bradstreet-type rating systems, etc., may also all be considered when looking at potential aged corporations. Additionally, it is of paramount importance that you acquire these shelf corporations from trusted sources. For example, we go to great lengths to perform the intricacies of weeding out those with potential or existing liability.
Does an Aged Company Give You Credibility?
Once you have properly selected your shelf corporation, the company has immediate filing history. Does it give you instant credibility for your company and corporate image? We cannot say that that will necessarily happen. But, what if you choose a company that coincides with the number of years that you have actually been engaged in the type of business that the corporation will perform?
Naturally, there is no guarantee that you will instantly be able to bid on state contracts. By the way, states generally have minimum longevity rules for companies that they allow to bid on their contracts. We do not guarantee you will be able to obtain lines of credit easier or obtain loans from the Small Business Administration or banks in your state. Nor do we conclude that you can attract potential investors more readily with an “established” corporation. The bottom line is, be honest. Let others know that you recently obtained the company, if that is the case.
As we mentioned above, one thing is critically important. You want to insure that the shelf corporation you are considering not have any inherent or lingering liabilities. For the most part, you can be assured of this by looking into the history of the corporation. For example, you may want to verify that the extent of its business activities were limited someone applying for an EIN. Maybe it opened a bank account.
Exceptions to the Rule
There are some quantifiable exceptions to this rule. There are times when very well established corporations get shelved, for a variety of reasons. These can be inherently quite valuable due to their tenure or amount of time in existence. These can be carefully scrubbed for liabilities and exposure by qualified entities. Aged companies are in high demand. Moreover, the demand and price increases depending on how long they have been established.
Simply put, if you are buying an aged corporation directly from its owners, there is a fair amount of due diligence involved. You should be concerned if the person or group selling the aged corporation has engaged in any transactions; especially ones that may produce some type of future liability for the corporation or its stockholders. This may not always be easy to examine, and certainly requires some expert investigation. The best practices approach is to only acquire aged or shelf corporations from reputable providers (or resellers). The provider should have a history of successful transactions in this arena. These providers can be counted upon to provide indemnification to the purchaser (a guarantee against pre-existing debts or liabilities) for the sale. In addition it should conduct reasonable due diligence prior to offering the shelf corporation for sale.
Often times Shelf or Aged Corporations are confused with Shell Corporations, both in terms of definition and their reason for existence. This confusion could not be more erroneous. Shell corporations are completely different entities, both in scope and in formation.
A shell corporation is an incorporated company that does not have any significant assets or operational structure. It may be a US entity or an International Business Corporation (IBC ), Personal Investment Company (PIC), front company or “mailbox” company. There are some legitimate reasons for the existence of shell corporations. For example, some shell corporations are turned into publicly traded companies. Professionals perform this process through the extensive filing and approvals by the appropriate governmental and regulatory agencies. These companies are often merged with existing businesses in what is called a “reverse merger.” This is one manner in which one can go public quickly and efficiently.
Buannachdan sgeilp na sgeilpe agus a dhol an sàs
- A ’sàbhaladh ùine le bhith a’ toirt a-mach an ùine agus a ’chosgais a thaobh a bhith a’ cruthachadh corparra ùr suaicheanta
- Is dòcha nach bi cothrom ruigheachd air tairgsean cùmhnaint comasach anns a h-uile suidheachadh. Tha a ’mhòr-chuid de chùmhnantan tairgste ag iarraidh gum bi do chompanaidh ann airson ùine as lugha a’ ciallachadh. Dèan cinnteach gun dèan thu sgrùdadh air gach cùis fa leth agus cleachd làn-fhiosrachadh mu nuair a cheannaich thu a ’chompanaidh agad.
- Togail companaidh stèidhichte.
- Faid ’sealladh airson filmeadh corporra.
- Dh'fhaodadh gum bi e nas tarraingiche do luchd-tasgaidh agus calpa tasgaidh. Gu nàdarra, feumaidh na filmean laghail ceart a bhith air an dèanamh agus aois a ’chompanaidh, a-mhàin, a-mhàin a bhith na fhactar bheag.
- An Cèitean no is dòcha nach bi e nas fhasa faighinn thuca air iasad. A-rithist tha adhbharan eile ann aig a bheil barrachd cuideam mar ìre creideas gnìomhachais agus prothaid.
A dh ’aindeoin sin, tha sinn a’ moladh a bhith onarach agus làn fhoillseachadh mun cheann-latha a cheannaich thu a ’chompanaidh aois.
Disadvantages and Caveats
- Comas buailteachd ro-làimh
- Possible pre-existing debt issues
- Gnothaichean gnothachais ro-làimh a dh ’fhaodadh leantainn gu buailteachd san àm ri teachd
There are some tremendous benefits to using aged shelf corporations. The important thing is to purchase the entity through a reputable company that has a longstanding reputation. Our organization offers aged companies for sale. General Corporate Services, Inc. the company that manages the Companies Incorporated brand was originally established in 1906. Our current management has been in place since 1991. Feel free to call or fill out a free consultation form on this page.