Build business credit using a shelf corporation can be a very effective strategy if done properly. There are steps that should be taken before you can begin to apply for business credit using a shelf corp. I have read many article online and watched videos on how to obtain and use a shelf corporation for business credit purposes. 95% of the information is either out dated or useless in today's lending environment.
Shelf corps are corporations that have multiple years of being active. Investors seeking loans, credit or services usually chose to go the shelf corp route because they can show that they have a company that has been active for multiple years. Lenders prefer to see companies that have been in business for a minimum of 2 years. Newer businesses (less than 2 years) are considered riskier as they need time to build and become profitable. Of course all your corporate documentation must be in order for this process to work out.
Using a shelf corp to build business credit is a tool that has been around for decades. I would caution any one who seeks to obtain a shelf corp that they do a thorough back ground check on the corporation. I have heard many horror stories about investors getting scammed by some shelf corp vendor promising a shelf corp with credit and then the investor finds out that the shelf corp has no credit. Now there are number of reputable online companies that sell self corps at reasonable prices but you have to know what to look for.
My suggestion to anyone looking at a shelf corp for the purpose of build business credit is to proceed with caution. The business credit e-book provides you with step by step information on how to build a fool proof business credit file. . It requires patience and persistence above all. Knowing how to properly build business credit and using the funds for business would create wealth for the business. How? Well, if you're running a small business and you have capital to reinvest and expand your operations than that would translate into more revenue and sales. And if you manage the business finances properly with the help of a professional accountant, then your bottom line should always be profits. This would also increase the value of the business and increase the wealth of the owner because the business is essentially an asset for the business owner.
Build your own company's business credit versus buying into a shelf which may or may not guarantee you any success. Building business credit if done properly can add great wealth to your business. Pick up a copy of the business credit e-book to begin your journey to financial freedom. Visit the link below to pick up your discounted copy. Act now. Only a limited time offer.
http://www.tradebit.com/filedetail.php/126427810
Al,
Business Credit Consultant
alplouis@gmail.com
Twitter.com/alplouisea
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