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Why Buy an Existing Business instead of a "Shelf Corp"? The Decision is Easy. Let’s face it, Buying an Existing Business is often a little more expensive than buying a Shelf Company. However, without a doubt, the small price difference is well worth the investment, many hundreds of times over. Many people often ask: “What are the advantages to buying an Existing Business from Go Risk Free Inc as opposed to a “Shelf Company or Shelf Corp” from someone else? - See FDIC alert on Shelf Corps below.
- A true Existing Business gives all the benefits of a Shelf Company AND MORE.
- Would you rather own an Existing Business or a “Shelf Corp”?
- Do you think banks or lenders would rather lend to an Existing Business or a Shelf Corp?
- Would suppliers rather sell to a Shelf Company or an Existing Business?
- Wealthy people and large Corporations buy Existing Businesses all the time, why shouldn’t everyone else, and small businesses do the same thing?
- You never read in the Wall Street Journal or never hear of a large company buying a “Shelf Company” do you? They do “Joint Ventures” (with Existing Companies) or “Mergers” (with Existing Companies) or Acquisitions (you guessed it, of Existing Companies).
- Go Risk Free Inc guarantees that there are no liabilities to purchasers of our Existing Companies.
- Shelf Companies do not have assets and therefore have weak or non-existent Balance Sheets and Financial Statements.
- Existing Companies have typically never been Revoked or Reinstated by the State and have proven clean history. Shelf Corps are often Revoked and Reinstated and "brought back to life". This is one reason Shelf Corps are easily identified by Banks, Lenders, Suppliers, etc. because all one has to do is look at the Secretary of State documents (Public Records).
SPECIAL ALERT by FDIC to banks and lenders regarding SHELF CORPS: http://www.fdic.gov/news/news/SpecialAlert/2009/sa09054.html It is important to understand that while funding your Aged Existing Corporation is possible, many officers and owners will retain responsibility in utilizing the borrowed funds for their businesses. As those businesses grow, the owners and officers can then share in the success of the company. More Reasons Why should YOU Acquire an Existing Business? Some Differences Between a SHELF Company and an AGED EXISTING COMPANY | Types of Company: | SHELF COMPANY (Shelf Corp or Shelf LLC) | AGED EXISTING BUSINESS (Existing CORP or LLC) | | Secretary of State Status | Potentially Previously Revoked or Reinstated | Active - Clean History- never Revoked or Reinstated | | D&B Profile (DUNS#) | None | Yes | | 80 PAYDEX Score | None | Yes | | Bank Accounts | None | Yes | | Tax Returns or Financials | None | Yes - Sometimes | | 411 Listing | None | Yes | | EIN Number | Typically None | Yes | | Existing Liabilities | Typically None | Guaranteed by GRF - ZERO Liability | | Assets | None | Optional - with additional nominal fee | | | | | By definition, a shelf company (or shelf corp) often does not have any of the true characteristics of an Existing Business. Many competitors out there will tell you that they can “create” PAYDEX scores, or that they will create DUNS numbers, etc. however, most of the time these are false claims and in some cases ILLEGAL or UNETHICAL. Go Risk Free Inc does things the RIGHT WAY, ethically, legally and having employees who actually have worked with and for business information companies such as Dun & Bradstreet. Don’t trust other providers who don’t have the connections, skills, expertise, education or experience that Go Risk Free Inc’s team offers. BEWARE before buying a "shelf" or "shell" Corp from other companies who make outrageous claims!! See SPECIAL ALERT by FDIC to banks and lenders regarding SHELF CORPS sold by others online: http://www.fdic.gov/news/news/SpecialAlert/2009/sa09054.html It is important to understand that while funding your Aged Existing Corporation is possible, many officers and owners will retain responsibility in utilizing the borrowed funds for their businesses. As those businesses grow, the owners and officers can then share in the success of the company. How YOU can Acquire an Existing Business, Quickly (be up and going within 24-48 hours)! When you buy with Go Risk Free Inc you can be sure that you are buying a LEGITIMATE previously existing business. Big companies acquire existing businesses all the time; Why don't more small business owners do this? Mostly, we at Go Risk Free believe that it is likely a lack of education and knowledge about the process...that is why we are here to help. Why purchase or acquire an Existing Business? An aged existing company is a company that was filed some time ago, such as months or years ago. If you buy shares of stock in a public company such as Google or General Electric Company from a broker, you are, in many ways, buying stock in an aged corporation. You can own your own aged corporation and use it to operate your business. We help set this up for you. Starting a Business has Risks, Use our Expertise, Go Risk Free. One way you can start this process is by owning an existing corporation or LLC, whereby you may be able to immediately take advantage of the following benefits: - Instant availability & fast delivery (start operating your business right away)
- Immediately own a company with a corporate history
- Show longevity and enhance your credibility with customers and lenders
- Often, lenders require a business to have been in existence from six months to two years or more before lending it money.
- Ease in obtaining business credit cards and business credit lines
- Ability to borrow money from banks
- Enhanced opportunity to secure bids on government contracts
- Many government agencies will only sign contracts with a business that has been in business for at least two years. As a bonus, we also help ensure you have a good D&B profile which is REQUIRED for any government contracts or RFPs (Requests for Proposals, or Bids)
- Goodwill or name recognition (also known as "brand recognition")
Having some age to your company does help in building business credit If you are looking to purchase an aged corporation make sure you purchase from a reputable firm. We have seen individuals purchase aged corporations from places such as eBay.com only to find that the entity had large tax liabilities or liens attached to them after their purchase. The best aged corporations from a safety standpoint can often be those that have no activity on them. Go Risk Free Inc reviews all companies and can help you find one that meets your needs and fits your budget. Aged corporations have been promoted by many as a great avenue for building credit and obtaining financing. The reason is that typically most lenders don’t want to provide loans and lines of credit to a brand new company. However those promoting the aged corporations for this matter often don’t tell the person making the purchase that they often may need to lie on the credit applications to get the loan or line of credit. You see, most of the time banks want to know your annual revenue (not projected), but what your actual revenues were the last 12 months. If you lie you have just committed fraud and could end up in jail. An aged corporation or entity often works best in situations such as: - You have operated your business for the last two years as a sole-proprietor and now want to incorporate. You can purchase an aged corporation and work with your CPA to merge the two companies showing true financials of the business from the start date of your sole-proprietorship.
- By purchasing a two year old aged corporation for example, in three years you can say your company is five years old and you have three years tax records. Most lenders only want two years financial data to approve larger loans and lines of credit.
- Having an aged corporation does help in building business credit but be careful not to accidentally mislead or provide false information to lenders. Doing so may back-fire on you, so beware.
To order one or more Aged Existing Corporations, LLCs or Existing Businesses from our list, CLICK HERE to review our active inventory, which may include additional entities for sale by our clients not owned by Go Risk Free Inc. Upon review give us a call at 877-446-7475 and talk with one of our consultants who will gladly assist you. All entities are in good standing through maintenance, reinstatement, revival or the equivalent. We typically recommend companies that have never been Revoked or Reinstated by the State. Call us for more details. Representatives are available Monday through Friday from 5:00 AM to 5:00 PM Pacific Time (8am to 8pm Eastern Time). We start work early, because your business is important to us. Give us a call today! In many ways, a seasoned existing corporation can strengthen your business presence. A seasoned existing corporation is often viewed as a great way to get your business recognized, to establish integrity, and to substantially improve your ability to get serious lines of business credit over the life of your business.
For example, in most cases, if you contact a bank to apply for a corporate credit card or a line of credit, you will generally have better success if your business is a minimum of a couple of years old, instead of a couple of months old. Many large banks will not even consider a business credit application unless the business has existed for two years, or longer. From the lenders perspective, an older corporation reduces the risk involved should they decide to issue you credit. Statistics generally show that most new businesses fail within the first year, and the fact that your company is a couple of years old significantly reduces the risk from their perspective.
A seasoned existing corporation from Go Risk Free could be the difference between obtaining the corporate credit you need, or being denied. It can also affect your credit limits and the amount of interest that you will pay. Even more so in today's turbulent credit market, a seasoned existing corporation will drastically improve your financial success. Because of the recent recession, many of the major lenders are focusing on financing established businesses as opposed to lending to individuals. They feel this is one of the best ways to stimulate the economy while protecting the lender. Even with a perfect FICO score it is next to impossible to obtain a six figure loan or credit line. However if you were to attach that perfect FICO score to one of our seasoned existing corporations, your business could achieve $750,000 and even more in loans or lines of credit via multiple rounds of funding.
An added benefit of utilizing our seasoned existing corporations is that your clients find you to be more appealing when you have years of history behind you. Savvy clients often become more interested in doing business with you after finding out how long a business has been in place before doing business with it. If they see that you have recently opened your business, they may choose to do business with a more established entity - possibly your competitor. However, if the purchase of a seasoned existing corporation makes the business appear older, then they may view your business as dependable, established, and successful, (just like the lenders). Something else to consider - if you do business with the government, in many cases contracts are only offered and awarded to businesses two years or older.
And it is very likely that your industry business partners may prefer only to do business with what are perceived to be established partners. If your business is viewed as new, or as a startup, your partners may feel that you don't have the stability to handle their business or to meet their ongoing needs. They may not want to be among your first customers and experience the issues as a result of your learning curve. A seasoned existing corporation can solve this issue, and provide your business with immediate equity and credibility. So, you may ask - Is it legal to invest in a seasoned existing corporation? Is it misleading to lenders, consumers, and other businesses when promoting a new business? After years in the business, and a great amount of research, our response is: "Owning and operating a viable business within an existing corporation is legal, and has been a common practice of many successful business people for many decades. As a matter of fact, attorneys, accountants and other credible professionals often provide existing corporations to their clients. You may also find those that say a seasoned existing corporation is just another strategy for the benefit of your business. As always, you may need to consult with your legal counsel or accountant to discuss your particular situation. We have been sub-contracted by multiple law firms, who use us to provide seasoned existing businesses to their clients. If the lawyers are using us to provide existing businesses to their clients, you can feel confident using us as well.
In addition, there are plenty of factors you need to consider when securing a seasoned existing corporation. Most importantly, make sure it has a clean record with the State of its origination, as you don't want to be connected with complaints that have been previously filed against a business name. Also make sure there are no pending tax liens or liabilities on file against the corporation. And finally, be very cautious of brokers selling cheap corporations that have recently been reinstated by the Secretary of State - as these are generally not true seasoned existing corps (they are often cheap shelf corps that will quickly be identified by any lenders or customers of yours! Don’t take the chance trying to save a few hundred dollars buying a cheaper entity now, only to find out down the road that you cost yourself thousands or hundreds of thousands of dollars of business or funding down the road. Nevada Corporations are great for asset protection, but often horrible for funding purposes. If it is a legitimate seasoned existing corporation like the ones provided by our company, these items shouldn't be an issue. Finally, you also need to think about the cost. Depending on your viewpoint, a seasoned existing corporation can be considered expensive. But if considered as an investment in your business growth, it can lead to many short and long-term benefits for your business, such as increased sales, market penetration and overall financial success. If you need funding in our current Start a New Business Ironically, given all the challenges facing the economy in the United States and around the world today, now is one of the best times in history to start a business. Many people who have been laid off or left the workforce, have decided to start their own businesses. We help them, and we will help you. Start a BRAND NEW COMPANY today, and be sure to Go Risk Free! If you have questions about which may be right for you, give us a call? START A NEW BUSINESS for as low as $75 plus state fees! Most Popular companies with ASSETS that can be transferred are listed here: 2+ year old Wyoming LLC with credit and $100,000 in ASSETS 2+ year old Wyoming Corp with credit and $100,000 in ASSETS 4+ year old Nevada Corporation with $100,000 in ASSETS, credit & PROVEN TAX RETURNS 4+ year old WYOMING Corporation with credit and $100,000 in ASSETS 4+ year old WYOMING LLC with credit and $100,000 in ASSETS Call us and we can customize a proposal to meet your needs if you need a company with exact specifications! We WILL help you find a solution and allow you and your business to Go Risk Free! We will set up corporate solutions to meet your needs, ranging from brand new entities up to 100 years old! Our most popular businesses available for purchase and transfer (without assets attached) are listed below: 1+ YR AGED EXISTING CORP or LLC 2+ YR AGED EXISTING CORP or LLC with CREDIT 3+ YR AGED EXISTING CORP or LLC with CREDIT 4+ YR AGED EXISTING CORP or LLC with CREDIT 5+ YR AGED EXISTING CORP or LLC with CREDIT 6+ YR AGED EXISTING CORP or LLC with CREDIT 7+ YR AGED EXISTING CORP or LLC with CREDIT *To order a corporations over 7 years, please call us toll free at 1-877-446-7475, to discuss which options are available that meet your needs. ******************************************************************************* Here is an example of an existing corporation that comes fully equipped with all the necessary documentation and business credit reports saving you years of work in setting up your new corporate identity. The transfer of the business and business credit report to you can occur in as little as 15 business days while the funding process may take as little as 30 business days after the transfer has occurred depending on which lenders are used.
| State of Incorporation: | | Nevada | Date: | | 3/2007 | | DNB Number: | | Yes | Password: | | Yes | | Paydex: | | 80 | EIN: | | Yes | | Corporate Kit: | | Yes | Domain: | | COMPANY DOMAIN already set up .COM | | Accounts: | | 5 | Credit Line: | | $40,000+ | | | | | COST | | $19,995 | This corporation will come with a website package, where your website will be hosted and custom built just for you. Comes with COMPLETE CREDIT PACKAGE and if you want additional references added to your file, WE WILL provide them for you as well. Also this company is eligible for up to $1 Million in SECURED funding (if you are purchasing real estate or other verifiable assets). Ask your Sales Representative about additional companies like this one! This is a sample list of existing companies available - Ask your Client Service Manager or Sales Representative for more details!
For a full list of companies available and to Order Now, CLICK HERE
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