Have you ever wished for a fast track to launch your business venture? Aged shelf companies might be the answer. These businesses are legally established and then shelved with no activity, allowing them to age with no financial history, just an earlier established date.
Aged companies, often referred to as “shelf companies,” offer a faster setup for several reasons:
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- Pre-Registration: Aged companies are already registered and formed with the relevant state authorities. This can save new business owners the time typically required to file incorporation papers and wait for governmental processing and approval.
- Immediate Availability: Since aged companies are pre-existing entities, they can be transferred to a new owner almost immediately. This is much quicker than the time it typically takes to form a new business from scratch, which can involve several weeks depending on the state and the complexity of the business structure.
- Avoidance of Initial Filing Delays: New businesses can face any number of delays related to initial setup including obtaining a tax ID number, opening new bank accounts, and registering with state and local taxing authorities. Purchasing an aged company gives you a head start so you can focus on critical activities for your new business.
- Name Availability and Registration: Choosing a business name and getting it registered can be a time-consuming process for new businesses. Aged companies already have a name registered with the secretary of state, which eliminates the need to undergo this process.
Corporations Today
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Wrapping Up
Overall, purchasing an aged company can significantly reduce the administrative burden and time to get the business operational, making it an appealing option for entrepreneurs who want to start quickly and with less bureaucratic hassle.
For those interested in exploring this option, Corporations Today offers a range of aged LLCs and C-Corporations.
In our next post in the series, we explore the practicalities and common misconceptions surrounding aged shelf companies.
Image by rawpixel.com on Freepik
Dispelling Myths: The Realities of Aged Shelf Companies
Choosing an Aged Company Based on Names and States: A Strategic Guide
The Corporate Transparency Act (CTA) Explained: What You Need to Know
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