| Keep this in mind when buying a new or aged | | | | 1. Initial Cost of set up, then Multiply the age of the Corp |
| corporation or an LLC, you are buying an corporate | | | | or LLC X Years = Shelf Company price. |
| asset that begins or continues to appreciate the day | | | | 2. Add additional fees for products or services included |
| you start the business. Should you ever consider | | | | with the aged shelf corp. |
| closing or selling your business, determine the value of | | | | Value goes up based on the work the owners have |
| the aged corporation in the selling price. Most owners | | | | put into developing the corporation for maintaining |
| totally forget about the corporate value that can be | | | | history and building credit readiness for the buyer. |
| sold later as long as it has been maintained properly. | | | | Aged Corporations example basic annual cost break |
| There are plenty of buyers looking for good aged | | | | down: |
| corporations. | | | | Example Owner operates in California using a |
| What you get when you purchase an Aged Shelf | | | | Delaware Corp. |
| Corporation? | | | | - Owners Accountants annual filling fee $150 - 250 |
| To create a corporation, articles of incorporation must | | | | - Annual fee Delaware registered agent fee $60.00 |
| be filed with the Secretary of State or other | | | | - Annual fee for California Registered Agent . $ 60.00 |
| appropriate state agency, bylaws and organizing | | | | - Annual Franchise fee for Delaware is based on a |
| resolutions. A corporation will need to apply for a tax | | | | issued share price. |
| identification number with the IRS. | | | | - If filed as a foreign corporation to business in CA. |
| New or Aged corporations, LLC's include: | | | | - Requires Statement of information to be filed 25.00 |
| 1. Articles of Incorporation | | | | filed annual. |
| 2. Corporate By Laws | | | | - Annual Franchise tax annual report minimum is |
| 3. Organization Resolutions | | | | $800.00 |
| 4. IRS Form or Phone Number to file for your business | | | | Aged Corp's additional fees that increase the value of |
| EIN. | | | | the purchase price. |
| 5. Custom Stock Certificates | | | | - The age of the corporation is number one factor. |
| 6. Corporate Seal & Stamp | | | | - Location of the Corporation - Delaware is number 1 |
| 7. Corporate Business Forms. This is not always the | | | | choice for business owners, with Nevada & |
| case. | | | | Wyoming number 2, Aged Corp. |
| 8. Corporate binder - This is not always the case.a. In | | | | - Checking accounts |
| most cases a nice corporate binder is included to keep | | | | - Trade Credit Lines established for the company |
| your corporate records and documents organized. | | | | - Cash Trade lines for the company |
| What is the Cost to purchase a New Corporation vs. | | | | - Dun & Bradtreet Duns Number 75 or Higher with |
| an Aged? | | | | at least 4 trade lines |
| This really depends on the age of the corporation and | | | | - Additional Credit reporting agencies. |
| assets attached to the corporation. If you are starting | | | | What are the benefits of purchasing an aged |
| a new company with all of the above items your cost | | | | corporation? |
| should be less than a $1000.00. Maintaining your | | | | - Established history for your business. |
| business annually will cost approximately $1000.00. | | | | - Wish to enhance your corporations' image with age. |
| Check with your state & local agencies for | | | | - Want to build corporate credit, as it may be easier |
| accurate rates. | | | | with age. |
| In order to get funding and financing for a new | | | | - Want to encourage companies to do business with |
| company, you will need to prepare your business from | | | | you. Some companies are more willing to do business |
| the beginning to build a credit ready business. This | | | | with an established company vs. a younger company. |
| takes time... at least 6- 9 months for a new business to | | | | - Wish to bid on a contract that requires your |
| start building good solid reporting trade lines. Most | | | | corporation to be established for a certain period of |
| banks or lenders will turn you down for for credit until | | | | time. |
| you have a minimum of 2 years history and reporting | | | | - Wish to obtain a bank loan. It may be easier if you |
| good credit trade lines with vendors. | | | | can show you have history of being incorporated. |
| What is the cost to Purchase an Aged Corporation? | | | | - Would like to obtain corporate credit cards and |
| In order maintain corporations, LLC's in good standing | | | | leases. |
| with the Secretary of State and local agencies | | | | Make sure you have the service provider assist you |
| owners spend an average of approximately $1,000.00 | | | | with additional products and services you need |
| per year to maintain plus the owners time creating the | | | | otherwise you may be on your own. |
| added value for the corporation. Add 20 to 30 % or | | | | Have a Terrific Day & Good Luck with your |
| more depending on other services. | | | | business new or aged Corporation. Call should you |
| When calculating a sales price: | | | | need assistance. |