subject: Shelf Corp Credit - An Easier way to build corporate credit? [print this page] Starting out on a business venture comes with a fundamental irony. If you want to build some credit, you already need to have some credit. Plus credit is just one part of many other things you might lack to build business credit. However, there is a solution to this problem. Purchasing a Shelf Corp credit for your business can not only help you in credit building process but it can also turn the attention of investors towards your business leading to increased cash flow. If you are worried about how effective or authentic this option might turn out to be, it's only quite natural. After all the deal sounds too good to be true. However, once you get to know all about investing through aged shelf corporations, you will realize how beneficial this might be for your business.
Concept Behind Aged Shelf Companies
In order to understand the concept behind shelf corp development, it would help if you recall the concept of reverse merger. Aged shelf companies are those which have been start a few years back but they have nothing except the brand name and history. There are no employees, no business activities and no tax holders. But they provide you with the advantage of projecting your business as a few years old venture. This way you not only attract investor's interest into your business because no investor will take the pain to see beneath the surface and find that you have just begun your venture.
Merits of Shelf Corp Credit
Firstly the simplicity of procedure involved is considered a big advantage. There is no need for you to do immense amount of paperwork or waste your time on obtaining license for your business. These tasks have already been done. Your work has now been simplified to choosing the right company, purchasing it, getting the rights transferred to your name and starting your business. The next huge advantage is the opportunity to start bidding on several contracts right away. Some states impose restrictions on bidding contracts. You will be allowed to bid only if your company is a few years older. Shelf corporation credit option solves this problem for you. With a few years of history behind your business it's also easy to gain customers and build new business trade lines.
Risks Involved
Any business venture is not risk free and Shelf corporation credit comes with its own share of risks too. You might be inviting trouble if you fail to check the credentials of the company you are purchasing. There are possibilities for you to buy a company that is downed in debt or has a huge amount of customer complaints filed against it. Also you need to stay away from scams. If these things are taken care of then this could turn out to be the best decision you ever made for your business. Should you need more information in this regard, business credit services can offer you the best solutions.
Shelf Corp Credit - An Easier way to build corporate credit?
