A Guide On How To Start A Business Using an Aged Shelf Company

aged corporation funding

Starting a business can be a daunting task, but using an aged shelf company can help streamlines the process. Here is a guide on how to incorporate a business using an aged corporation funding.

1.      Choose a Business Structure: The first step is to research and decide on the type of business structure you want to create. The four primary types of businesses are sole proprietorship, S-Corporation, C-Corporation, and limited liability company (LLC).

2.      Find a Shelf Company: Determine how aged you want the company to be before searching for a shelf company. The older the company, the higher the cost. Look for a company that has been in operation for at least two years, with no debts or obligations. Ensure that the shelf company has no prior financial activity, such as bank accounts or company credit.

3.      Negotiate and Purchase the Shelf Company: After finding a suitable shelf company, negotiate with the vendor and purchase the company. Be prepared to pay any pre-existing debts associated with the company.

4.      Publish the Transfer Contract: Once the transfer agreement, also known as the "Contract of Sale," is signed, you will become the new shareholder and owner of the shelf company.

5.      Change the Registered Office Address: After purchasing the shelf company, change the registered office address to your desired location. This will ensure that any official documents are sent to the correct address.

6.      Register as the Company's Director: To register a business bank account, declare yourself as the company's director on the registration form.

7.      Choose a Company Name and Hire a Registered Agent Service: You may use the name of the shelf company or choose a new name for your business. Ensure that your business name is unique and perform a name search on your state's website. Hire a registered agent service to handle official documents and correspondence.

The bottom line is, using an aged shelf company can help simplify the process of starting a business and by following these steps, you can easily incorporate or start your business using a shelf company and ensure that it meets your commercial requirements.

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