EZUnsecured

Have you ever heard of shelf corporations or aged corporations? By definition (according to Wikipedia), it is a company or corporation that has had no activity. It was created and left with no activity. The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one.

Common reasons for buying a shelf corporation include:

• To save the time involved in taking the steps to create a new corporation.
• To gain the opportunity to bid on contracts. Some jurisdictions require that a company be in business for a certain length of time to have this ability.
• To create an appearance of corporate longevity, which may boost investor or consumer confidence.
• To gain access to investment capital.
• To gain easier access to corporate credit.

Why am I telling you this? Well, with the points mentioned above, I know you could say buying shelf corporations also has its own advantages. But it has disadvantages, too, for all you know. One thing is the re-aging. If the credit bureaus learn about the company being under new management, they will list it on their reports effectively “re-aging” the company. The only way to avoid this is to make sure the credit bureaus do not find out. So to avoid this kind of problem, why not just start from scratch? Though it’s a lot of work, it pays in the end. You’re not alone in this anyway! EZUnsecured could help you with the finances. They are not cheap. But they are good!