I'm getting ready to open another compay. I have one currently but I want to keep them separate because I plan on selling my current one in a few years. I was wondering if anyone here has purchased a shelf corp before?
Shelf Corp
- Thread starter layinwood
- Start date
Bobby, there's not a lot of down side to doing that. I know it's easy and only takes me a day to get one set up. The reason for buying a shelf corp is because my factoring company won't require my personal sig to do business since it's not a new business. I also can get a better rate because of it. It's not a big deal but in the grand scheme of things it could save me thousands a year.
I could use my current corp but again my goal is to sell that company in 2 to 3 years. Maybe even quicker depending on the healthcare reform and how it plays out.
I could use my current corp but again my goal is to sell that company in 2 to 3 years. Maybe even quicker depending on the healthcare reform and how it plays out.
OK. Usually the only time I see that is when a Company wants to go public. No experience with it just for factoring purposes.
It's obvious but, Never buy a company with any activity becuase there's too much exposure for not filing returns in some states. That's the only real downside I've seen.
It's obvious but, Never buy a company with any activity becuase there's too much exposure for not filing returns in some states. That's the only real downside I've seen.
LnW,
Would you be willing to talk to me about the factoring biz? I'm in Ind. in an indirectly related money biz and believe I have the wherewithal to do factoring. If so, I will give Jack my email.
Would you be willing to talk to me about the factoring biz? I'm in Ind. in an indirectly related money biz and believe I have the wherewithal to do factoring. If so, I will give Jack my email.
