| When submitting bids for contracts, seeking investment | | | | would be to obtain an aged shelf corporation, also |
| capital, lines of credit, and when advertising, a | | | | known as a seasoned shelf corporation, or a shelf |
| corporation that has been around for a longer amount | | | | corporation. These are corporations that are formed |
| of time is deemed to be much more solid and reliable. | | | | and are "shelved away" so that they can age. These |
| A corporation's longevity increases the amount of | | | | business entities conduct no activities, and sit idle as |
| confidence that people have in the corporation's ability | | | | they age over time. |
| to pay back debts and to carry out agreements. | | | | These aged shelf corporations are appealing for those |
| One of the biggest benefits of owning a corporation is | | | | entrepreneurs who want to be able to own a |
| being able to obtain credit in the name of the | | | | corporation that has a long corporate history. This |
| corporation, as opposed to exposing the owner's | | | | corporate history allows its owners to state that they |
| personal financial history and credit report to scrutiny. | | | | have been around for a much longer amount of time |
| The challenge to obtaining corporate credit from | | | | than they otherwise would normally have, had they |
| financial institutions is the fact that lenders want to | | | | incorporated a brand new company. |
| ensure that they are lending money to well-established | | | | Aged shelf corporations are able to be purchased all |
| companies. When financing a start-up business, most | | | | over the United States, Canada, Europe, and Australia. |
| of the time the owners must personally guarantee any | | | | They make a great alternative to hiring an attorney |
| loans obtained in the name of the corporation. While | | | | and having to complete all of the necessary |
| this obtains some financing for the corporation, it adds | | | | paperwork to start a corporation from the very |
| to the amount of debt the owner is responsible for on | | | | beginning. Be sure to consult the local laws to ensure |
| their personal credit report. | | | | compliance with all corporate and tax regulations, as |
| A great alternative to a freshly incorporated company | | | | these may vary by country. |