An “Aged” or “Shelf” corporation or LLC is an entity that has been incorporated (corporation) or organized (LLC), and has been allowed to “age,” or has been “on-the-shelf.” Each entity has its own characteristics, depending upon how far the previous owners have taken it. Most have never been in business, and have never had any activities.

Some of the reasons why an entrepreneur may want to purchase an “Aged” or Shelf” developmental corporation or LLC would be:

All of the start-up and organizational costs, and the time to organize the entity has been completed, and paid for, including the on-going annual costs of filing fees, and perhaps costs of annual Registered Agent services, costs of doing Minutes, and Annual Officer and Director reports, for as many years as the enterprise has been in existence;

The age of the corporation begins on the date it was incorporated (corporation), or organized (LLC). If that date was October of 2010, your entity’s age starts from there. We have all seen or heard advertising relating, “…We have been in business for “x” number of years.” You too could be in business . . . for “x” years. The longer the better!

The entity is ready-to-go! It’s possible to do business, open bank accounts, and be in business within one or two days of purchasing the “Aged” or Shelf” corporation or LLC. This is especially good if you need to move assets in a hurry. The entrepreneur would probably want to change the name of the “Aged” or “Shelf” corporation or LLC, adopt new Bylaws (corporation), or draft a new Operating Agreement (LLC), and have Minutes drafted to reflect the actions taken. We can do this for you!

Some businesses do not want to extend credit or give contracts to companies that have a short history. Some bonding companies will not write a bond for a construction company unless it has been in business for at least three years. Some office leasing companies will not write a lease with a new company. Only an Aged entity can bid on a government contract!

It is much easier to get credit cards, open credit accounts, and get lines of credit if your company has been in business for several years. There are companies that will assist you in establishing credit accounts. Our entities have Dun and Bradstreet D-U-N-S Numbers.

Business stability sometimes comes from the belief that if you have been in business for a number of years, the company must be a stable enterprise. Operating from an “Aged” or “Shelf” corporation or LLC, gives you that perceived credibility.

The age of the enterprise may be a marketing strategy that would project to the public the perception that the enterprise is stable and solvent. That may increase consumer confidence in the business.