How To Research Shelf Corporations
Hi, excuse me if I am mistakenly posting in the wrong forum.
I am a newbie decided to pursue my real estate investment using stated business lines of credit. In my investigation to that regard, I found out that financial houses indeed do extend lines of credit to companies that that have been established for at least two years and their owner has good credit history.
In my research I came across the term shelf corporations; these are business entities that have been established for a while (at least 2 years) and are for sale for a few hundreds.
I figured, why not buy one that has at least 2 years history to shortcut the wait in time. Bright idea but it does have risks. Hence I am asking investors on this site who have bought shelf corporations or know about the process itself what steps or things I have to do in other to get a good one? As in reliable sources of such shelf corporations? What does the process involve? How to investigate the histories of shelf corporations?
All help on this topic is needed, thanks in advance.
I really need help in this very post, I am surprised no one as replied yet. Please help.
Could you be referring to Shell Corporations?
[addsig]
I think I will just stick to starting a company in my state. I found a consulting firm that has partnered with the IRS to help startups get business credit. All you would have to do is follow their steps.
http://www.corporatecredit.biz/index.php
I am still shopping around to see what other companies are offering. If you guys know of any such companies feel free to post them
thanks
I want to thank everyone for their replies.
thanks