Shelf Corporations
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Shelf Corporations
Shelf corporations are those that have no activity so they are said to have been placed on a shelf. The reason that the corporation is kept in this manner rather than ended is because there are plenty of people out there who would rather purchase one of these shelf corporations than start one from scratch. This helps them obtain contracts that require the business to be established for a length of time before they can place a bid on them. Since it gives the appearance they have been in business for a long period of time it can be easier to establish relationships with customers and with creditors.
For this reason shelf corporations aren’t always seen as the most legitimate method of establishing a business for yourself. While you aren’t committing fraud when you promote shelf corporations you aren’t being honest either about the time frame of your particular business. Many lenders have caught on to the way shelf corporations are promoted and they will ask specific questions to find out if you have something to hide along these guidelines.
The selling of shelf corporations continues to be quite profitable though in the United States, Canada, and parts of Europe. Many shelf corporations are established with the goal of being able to sell them later for a profit. If you are considering buying any shelf corporations make sure you take a close look at the reputation they have as well as their financial dealings. You don’t want to find out your shelf corporation doesn’t have a good record with consumers or creditors because you will have a difficult time as well under that business name.
Unfortunately, there are not college courses teaching "How To Build Real Corporate Credit". (And if there are, they are probably taught by someone who's never owned their own business!)
The statistics don't lie. Most new businesses fail due to "lack of proper financing". We became frustrated after being blind sided by a credit system we thought we understood. Sometimes it's just a lack of insider information that causes problems, and the unfortunate consequences. Not getting the proper information and building reserve financing BEFORE you need it can be the kiss of death for many new enterprises!
To read the complete story of our business credit mis-adventure click here
It is our hope that this inside inforamtion might stop the growing statistics of business owners losing their dreams. So, before you spend your hard earned money designing, starting and building your buiness, we urge you to get ALL your financing in place first, starting today!
There is a LARGE majority of well meaning, hard working business owners who simply aren't aware of the "insider secrets" to obtaining HUGE amounts of unsecured corporate credit, without personal guarantees. If you would like to know what caused us to sit down and write out this information, click here to read that story.
Patti & Robert Farnham
(authors of "Corporate Credit Power)
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FREE REPORT!
"Do You Know The Real Difference
Between Business Credit and
True Corporate Credit??"
(the information most local banks and credit card issuers are desperately hoping you won't discover!)
| Simply fill out your name and primary email address. You will receive immediate access to this eye opening information!
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your email information will NEVER be sold, rented or traded. Period! |
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Imagine Being Able To Open, Start, Buy or Expand
Your Business WITHOUT Begging a Banker,
Friend or Relative For Financing!
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Readers Comments
Thank you Patti & Rob.
I have read the entire ebook and just like you, I
have made a lot of mistakes in the past but with God's direction and the
instructions from your ebook, I think I will be successful while going
forward this time around. I have screwed up my personal credit, as well as
my wifes and am going to be careful with "every" decision I make in the
future. I am hoping that this is going to be the best investment of $47, I
will ever make in my entire life. I will follow it to the tee!
Respectfully,
Vernon McC
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