With today's economy being so unstable, many people are choosing to go out on their own and open a business.
Yet, it can be difficult to decide which type of business to open or purchase as there are so many to choose from.
If you are considering this option, be sure to look into purchasing an aged corporation as it has many advantages over other types of businesses.
This will make your new venture much easier and will also give you a better chance of success.
An aged shelf corporation is one that is ready made and has been in business for a minimum of one year.
In fact, many companies will not offer this type of venture unless it has been established for two years or more.
The company you are purchasing should have no liabilities and allow you to start your new career with greater credibility and less hassle.
Advantages of purchasing an aged corporation include a corporate image that has improved with age as well as an established history.
This will allow you to obtain bank loans with ease, get credit cards and leases and bid on contracts which require that a company be of a certain age.
When you are first starting out, it can be difficult to get your foot in the door.
Aged corporations with credit help you to avoid this problem as the history has been built by someone else.
You just receive the advantages.
In order to purchase an aged corporation, many conditions must be met.
Often you must have a clean credit history as well as a minimum credit score.
The requirement may be that your FICO score is 700 or above, but will vary from company to company.
No exceptions are made to the rules so know this before starting.
Also, be sure you do thorough research as you want a company that you can build on, not another liability.
Aged corporations can be a great career move it you take some time to do research before jumping in.