So...You Are Looking To Start A Business

There are some things you should know before moving forward.

1 - Banks HATE start up companies! 

I will repeat Banks HATE start up companies! 

A bank underwriter’s only job is to assess risk, and it is no secret that a very large percentage of new businesses fail within the first 12 months, for that reason most banks refuse to lend to any company that is less than 2 years old.

2 - Filing all the necessary paperwork with the state and IRS will take time and money, depending on your home state it could take anywhere from 3 days to 3 months to get up and running. If you have every dealt with the secretary of state before, you know that they are usually not willing to help when filling out legal forms, and unless you are an attorney, this task can be daunting. If you fill something out incorrectly, which happens more often than not, you will have to wait until the Secretary of State catches your error and then start the process all over again.

I have found a solution to both of these problems! 

A funding source that offer existing corporations that are already at least 3 years old! These corporations are in good standing with the secretary of state, and since they are already up and running, you can be the new owner in as little as 24 hours.

Here are some advantages to purchasing an already existing corporation:

    - Increased access to credit 
    - Instant credibility with clients (based on your age) 
    - Access to state bidding opportunities (they usually require you are in business for a certain period of time) 
    - Instant start up 

All of the corporations are unused with no business history, which means you will technically be the first owners of the company and no Tax ID number has been issued prior to you. This protects you against purchasing a company that may have bad debt associated with it. Savvy business owners have been using this technique for years to help get off the ground faster!

It is a fact that businesses that are at least 3 years old are 88% more likely to get approved for funding compared to a start up.

Don’t waste your time starting a new company, when you can add years to your corporate resume by contacting me today and get more information about our aged shelf corporations.