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Here’s How Buying An Aged Corporation Can Benefit Your Business

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Here’s how buying a Aged Corporation can benefit your business

Who doesn’t want to be his own boss? Having own business is pretty much fascinating. Researches have portrayed a massive chunk of people, especially youngsters, who are unwilling to work under bossy pressures and needless constraints that many organizations have to pose on them. So to get released from these stresses, they decide to start their own business. And when starting a new business, some entrepreneurs choose an option of starting all over from scratch on their own. On the other hand, others seize some workable opportunities to hit on an attractive venture. To buy a shelf corporation is the most suitable option for the latter. Not only starting a new business, an aged corporation advantages you when it comes to expanding your existing business. This article aims to discuss how buying an aged corporation can facilitate your business expansion and advantage its positive growth.

NO.1: Acquiring Credit Ready Aged Corporation:

        Lenders and financial institutions don’t trust a new company and are therefore not willing to give a loan. The company that ages for a certain length of time is ready for financing. Such a corporation is more likely to qualify for the loan as compared to a newly established corporation. The older the company is, the more confidence the financial institutions place in them and lend them the required funding. This funding can help you expand your business just as you acquire a credit ready aged corp. So it seems pretty feasible to purchase an aged corporation rather than establishing a new one from the scratch.

NO.2: Time and  Cost Saving:

        You might know nobody who doesn’t love his time and money. Everybody here is always short of time and money. Aged corporations are best suited for such people, who are time and cost-conscious but need their own business too. Acquiring a shelf company saves you a huge cost that might increase if you buckle down to creating your company. Besides this, creating a new corporation requires a huge lot of time and immense paperwork. All this fuss can be cut down if you decide to buy an aged corporation from a well-known company.

NO.3: Bidding On Government Contracts:

        Most states require the corporations to stay in business for a definite period like 2 or 3 years. The obligation is to make them able to qualify for the government contracts. So acquiring a corporation that’s two to three years old allows you to bid on the government contracts. When a company bids for the government, it qualifies as ‘approved’ because if it can satisfy the government, it can satisfy anyone.

NO.4: Expanding Outside Your State Of Operations:

        If it is considered a success symbol to expand your business to multiple geographical locations, it is highly challenging too. To cope up this task for you, well-known credit companies offer you an aged corporation where you wish to expand. Other states may have different tax systems or cheap labor or technology that you need for your business. Hence, if you wish to expanding your business in such a state, buying an offshore shelf company is a suitable option for you.

NO.5: Attaining a Good Credit Score:

        A newly established company takes a lot of time to rank good on its credit rating. Whereas, the aged corporation that ages for some time can get a good credit score in a shorter time. That’s  because such a corporation has already completed its infancy days and can now have a good credit rating. So it seems reasonable to have an aged corporation which is going to give you an attractive credit value as its owner. However, make sure that you buy aged corporation that does not have a bad debt history.

NO.6: More Attractive to Investors:

        The age of the company is what attracts the lenders as well as the investors. A shelf corporation enjoys this benefit of being an existent entity for an appreciable length of time. Therefore, it can not only attract better lenders but it also looks appealing to wealthy financial investors. They’re more confident to place their funds in a safer place and hence aged corporations suit them better. This makes the aged corporations have better access to the investment capital in comparison to a newly developed business.

NO.7: Better Customer Confidence:

        Just as a good reputation and age of a corporation matter to the lenders and investors, it is also an accepted fact in regard to the consumers. The consumers are more likely to place their trust in the business that has been in the market for a certain length of time. Newly developed business takes a long time to occupy a place in consumers’ minds and this task demand a lot of financial and strategic effort. Thus aged corporations excel in this regard too by winning the customers’ trust quickly and developing a healthy customer base.

NO.8: Better Relationships With Financial Institutions:

        As stated above, the age of an established corporation has a lot to do with the dealings with the financial institution. Similar to the significance of attractive loans and investment, the owner of a shelf corporation is also able to develop intimate relationships with renowned banks and financial institutions. An older aged corporation exists in the business world and assuming its existence, its owners feel more confident when dealing in its name.

NO.9:  Qualifying For Business Credit Cards:

        Well-known financial institutions that provide trustworthy credit cards and business lines of credit often require the corporations to stay in business for at least two years. Then they have a chance to qualify for the business credit cards if only they meet certain requirements. However, this is not the case with an aged corporation. If you acquire a two to three years old shelf corporation, it will qualify for the credit cards when you meet some minute requirements by the financial institutions.

CONCLUSION:

        Bringing it to an end, if buying a shelf corporation or a credit ready aged corp has hundreds of advantages, care has to be taken when getting into such a deal. You need to give critical attention to every little aspect of the corporation you are going to buy. If any lawsuits are filed against the corporation, they will fall into your profile. So consider analyzing the details cautiously before you buy such a company.  

 

Keywords: buy Shelf Corporation, Aged Corporation, credit ready aged corp

 

This article was written for Grand Teton Professionals for Wholesale Shelf Corporations. For Credit Repair Solutions and Support, please contact us at 203-518-4923 or email us at Support@WholesaleShelfCorporations.com. For Media Relations, please contact Misty.Burrell@GrandTetonProfessionals.com.

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