One alternative to incorporating that entreprenuers have, is to purchase a Shelf Corporation, or Aged Company. Essentially this is an already registered, or incorporated, business entity that is available for purchase. Typically, the more a corporation is aged, or the longer it's been on the shelf, the more valuable it is.Aged Company and Shelf Corporation Benefits:
Immediate Corporate Credibility: operating an aged company allows you to instantly add years to your corporate history. Some people have been in business for years before they incorporate and registering a new company starts their corporate history late in their business life. A Shelf Corporation formed when you started business transactions is an option.
Fasttrack the credit building process: Some lenders will simply reject applications by companies that are less than several years old. By utilizing a shelf corporation, you are able to satisfy a lending requirement which otherwise could take years.
Government contracts: Similar to bank loans, a government contract application may require corporate history, and an aged company could be a unique solution to jumping into the world of government contracting.
Purchasing a shelf corporation could be a strong alternative if the business owners has specific goals and objectives with their corporate entity and community members here should explore this option to see if it lines up with their goals.
