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About Aged Companies

A shelf corporation, shelf company, or aged corporation, is a company or corporation that has had no activity. It was created and left with no activity - metaphorically put on the "shelf" to "age". 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.

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What You Get When You Buy an Aged Shelf Company

You get a clean, aged shelf corporation that's had no activity and as such cannot have any debts or liabilities. It has had no tax ID number and as such cannot owe any taxes. Registered Agent service is included until the renewal date of the company with the state. Articles of formation or incorporation are included. We will appoint the director or manager of your choice.

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Why Buy a Shelf Company

Two reasons that we know of. One, you need a company today and cannot wait for one to be formed within the normal time process. (This accounts for about 50% of our sales.) Two, you want a company that has an older incorporation date than - today. (This accounts for the other 50% of our sales.)

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LLC vs Corporation Pros and Cons

A corporation is owned by shareholders, overseen by a Board of Directors, and managed by Officers. It is taxed either as a C-Corporation or an S-Corporation. You elect this with the IRS. An LLC is owned by it's member(s) and normally managed by a manager. It can be taxed in any of the 4 main way the IRS taxes companies. Of course there are many other things that come into play when making your choice.

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What Are the Best States to Incorporate In

This normally depends upon what the company is going to be doing. All states have a law called Nexus. That law determines if you have to register a company you have formed in another state, in that state. All 50 states laws are different, but normally if you are going to have employees in a state or all your business comes from within a state, or you have an office in that state, you most likely would have to register in that state. If none of these apply to you maybe you can register in a better state than the one you live in. There are many different details that will govern your decision on that.

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What State to Use

If you have a choice the more business friendly states are Wyoming, South Dakota, Delaware and maybe Nevada.

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Not Citizen

You do not have to be a US citizen to own a US company. You cannot own an S-Corporation, but there are no other restrictions. Although we are not required by law to verify who you are, it is our company policy to get a copy of your passport for our files in case there is ever a question of who we dealt with.

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