Aged Shelf Company and File in California, Seven Years Old, For About $1800 plus CA state fees

This is important in terms of choosing a shelf company. A state that requires a business license also requires disclosure of the owners. A change of ownership resets the age of the shelf company to Zero; in the eyes of a bank or loan company.

The solution: Acquire the shelf company from a state that doesn’t require a business license, or disclosure of the owners.

What states are best to locate a good shelf company? The best shelf companies are found in Montana, Wyoming and New Mexico.

Don’t acquire a shelf company that has established EIN. A shelf company may owe back taxes, credit card bills, and other unseen obligations. For this reason, you should acquire a shelf company that doesn’t possess an assigned EIN or bank account.

Many shelf company providers sell shelf companies with existing EIN’s and/or bank accounts; and charge much more. Please think this through. They are offering you a shelf company that is sour with debts, potential tax liabilities, unpaid taxes, unfiled returns, and other potential issues. You are much better off acquiring a shelf company that has no EIN and no bank account.

This is critical. All information on the state level, business licenses on your local level, , website, and other public information must show a consistent address, and the same principals, for your shelf company. Consistent information is important to DNB and the banks.

The banks want to see that you’re doing business in the same state in which you live. It’s logical. Anyone who purchases a shelf company from Wyoming, and lives in California, will need to file the shelf company in California. The banks seek to validate that you are where the shelf company is doing business. Further, they seek to validate that the shelf company is where you are. For these reasons, simply file the shelf company in the state in which you live.

If your shelf company name involves words such as; real estate, realty, development, financial, or the like, you are unlikely to obtain financing. Since banks lost so much money on real estate and financial speculators, they are unlikely to extend any credit to any business in those industries.

Name changes reset the age of the shelf company to zero; in the eyes of any finance company. A better alternative is simply to file a DBA for the shelf company in the state where you do business. In this way, you manage to do business under the preferred name, and the age of the shelf company remains in tact.

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What States Should I Consider When Buying the  Shelf corporation?

Obtain a  Shelf corporation from a state that requires a low annual filing fee to maintain the company, respects your property rights, and doesn’t require disclosure of the owners of the company on public record. Montana corporations are ideal. The annual filing fee is $20 per year. The New Mexico LLC’s work great in California as well. There’s no annual fee for a NM LLC.

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