RMS announces it will begin selling 10 yr Aged Shelf Corporations!
RMS announces it will begin selling 10yr Aged Shelf Corporations due to overwhelming demand.
RMS helps firms establish business credit separate from their personal credit by selling aged corporations. Aged Shelf Corporations are merely articles of incorporations that have been filed with the Secretary of State but have never been used to conduct business. Hence they have been sitting on the ’shelf’ aging like fine wine.
Why are Aged Shelf Corporations in demand and helpful for building business credit? Primarily because they are not new businesses. Most Businesses go out of business within the first three years and therefore Banks prefer not to lend money to Businesses that have the odds stacked against them. An Aged Shelf corp allows an entrepreneur to get over that hump of being new by buy buying an existing business that has been aged and is sitting on the shelf waiting for action.
Traditionally an Aged Corporation that is at least 2 years old is sufficient to begin building credit since most Business Credit Applications require newer businesses to sign personal guarantees. Of course if you appear older than 2years then the perceived risk is lessened in the eyes of most lenders and therefore the older the corporation that you purchase the better you’re viewed by creditors.
There are some creditors that require that a corporation be older than 2 years to avoid signing personal guarantees. Also, the credit lines may be easier to get and come with higher credit limits sooner the older your corporation is. Of course the older your corporation is the better you will look in the eyes of your prospects who often evaluate your business much like a creditors would before agreeing to do business with you.
Therefore RMS has announced that it will begin selling 10year aged shelf corporations for a special price during August. During August you can get a 10 year aged shelf corp for only $5000.00 and you still get their FREE Business Credit Builder Service.
Please leave a comment if you find this information helpful or would like a blog on a more specific topic.
If you found this post intersting then you will probably enjoy the Press Release:
Entrepreneurs Ignore Building Business Credit to their own Detriment!
May 16, 2008
It’s normally assumed that Building Business Credit is something for entrepreneurs with Bad Credit in an effort to get around personal credit checks. However, entrepreneurs with excellent credit ignore credit to their own detriment!
Tags: 10 yr aged corporations, aged shelf corporations, building business credit, Business credit application, Business Credit lines, business for sale, establish corporate credit, Lines of Credit, no personall guarantee