Question about shelf Corporations..need advise and feedback please!!!

I am thinking of getting a Shelf Corporation to expand my business.

But before I do, I would like some recommendations and Feedback from you guys.

1 - Is it a good idea to get one to help make your company seem larger?
2 - Is it a good way to get credit abd business loans?
3 - Has anyone here ever used one? and what was your experience?
4 - How large of loands can you obtain using these Shelf Companies?

Feel free to PM me privately if there is something you don't want to say publically on this forum.

Thanks,
Uzy Malik
818-800-3329


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http://www.paydexengineering.com


What is a Shelf Corporation?

A shelf corporation, also called an aged corporation, is a corporation that has had no activity. It was created and put on the "shelf" to age. This corporation is then later usually sold to someone who would prefer to have an aged corporation rather than a new one. A business entity that is created through a process other than incorporation (such as a limited liability company) is simply called a shelf company.

Common reasons for buying a shelf corporation include:

Saving the time involved in taking the steps to create a new corporation.
Gaining the opportunity to bid on contracts. Some states require that your company be in business for a certain length of time.
Creating an appearance of corporate longevity.
Access to investment capital.
Easier access to corporate credit.

A number of consortia "produce" and sell shelf corporations, promoting the fact that the new buyer can at the same time have a corporation with a long history, and yet have complete control over the establishment of the corporation's board of directors and shareholder profile.