Did you know that in the USA, businesses with a longer operational history are 50% more likely to secure funding compared to newly established entities? This might surprise you, but it has been helping many startups, just like yours, to get ahead in the game. You have got the passion, the plan, and the team, but you face the common hurdle of securing funding. This is where Aged Corporations, also known as shelf corporations, come into play, offering a possible solution to your funding needs.
Aged corporations are pre-registered companies sitting on the shelf, so to speak, without any business activity. Acquiring one can help your startup reap the benefits of the corporation’s many years of existence. This immediately makes you look more stable and reliable to investors and lenders. Think about it: would you rather invest in a brand-new company or one that has been around for years?
Why Should You Care About Aged Corporations?
Boost Your Credibility
One of the toughest challenges for startups is building trust. With an aged corporation, you can get instant credibility. Let’s say you are applying for a business loan; you share your documents with a lender. Observing that your company has been up and running for several years, they will be more likely to approve your loan application due to your business’s perceived stability and legitimacy.
Quick Access to Business Credit
According to a study by the U.S. Bureau of Labor Statistics (BLS), around 20% of small businesses fail within their first year, often due to a lack of access to capital. But you can eliminate that risk by simply turning to an aged corporation. Long corporate history not only helps you gain the trust of lenders but also enhances your credibility with investors and potential partners.
Also Read: Aged Corporation For Sale Is A Game Changer In IT Business
Better Contract Opportunities
Many companies prefer to work with businesses that have been around for a while. They feel more comfortable knowing that their partners have some experience and stability. Think about it: If you are bidding for a contract and your competition is a new business without any history, your shelf corporation can give you a significant advantage. It is all about perception, and having that established history can make you look more experienced and reliable.
The Financial Advantage
Most entrepreneurs know how difficult it can be to secure funding and have a solid financial foundation. It can take years to build that trust and credibility. This is where aged corporations can provide you with a strategic advantage. With a track record of many years, investors welcome the stability and credibility that an aged corporation brings, making them more likely to trust and invest in your business. You can also go through one of our blogs, written particularly for entrepreneurs like you looking for reasons to turn to aged corporations.
The Acquisition Process
We have made the entire process easier for you, so note this step-by-step process to better understand the acquisition process for an aged corporation:
Step 1: Choosing the Right Provider
If you have the right provider, you can acquire an aged corporation today. You should start by conducting thorough research and looking for reliable aged corporation providers. Renowned companies like Wholesale Shelf Corporations and others have worked diligently for years to find the best-aged corporation that suits your business goals. By choosing a trusted provider, you can skip the hassle of background checks and focus on growing your business.
Step 2: Select the Right Corporation for Your Needs
From the list of aged corporations provided by your provider, select which one fits your criteria. The corporations can differ based on your products or services, budget considerations, financial needs, and contractual requirements.
Step 3: Understand the Costs
Make sure you fully understand the expenses involved in buying an aged corporation. These prices can include the purchase price, state fees, and any maintenance costs. Compare prices among different aged corporations that best suit your budget.
Step 4: Transfer of Ownership
After selecting a suitable aged corporation, you can transfer ownership. This step involves legally updating your company’s records with all the appropriate authorities. It is akin to changing the name on a lease—straightforward but essential.
Step 5: Update Business Information
Upon completing the legal formalities, you are officially the corporation’s owner. Think of it as moving into a new house: You just have to set up utilities and change the locks. You can update all the corporation’s business information, from address to contact information.
Step 6: Begin Operations
With everything sorted, you can now start using the corporation for your business activities. Whether it’s using its history to gain credibility, secure better opportunities, or build stronger relationships with suppliers, customers, and partners, the sky is the limit. Remember, the shelf corporation you have acquired is a tool to help you achieve your business goals, so use it wisely and ethically.
Real-Life Scenario
Let’s say you are starting a tech startup with a groundbreaking idea, but all that is left is to get funding because your business is completely new. Once you have acquired an aged corporation, you instantly have a five-year-old company. This step can significantly help you boost your chances of securing that crucial loan for your startup. Not only that, it makes potential clients and partners take you more seriously. It gives your innovative tech venture a solid financial foundation right from the start.
Ready to Take the Leap?
Leveraging aged corporations can definitely offer your startup enhanced credibility, quicker access to credit, and, more importantly, improved financial prospects. It is a great move that can help you overcome some of the common hurdles that many new businesses face. Investing in an aged corporation gives you the advantage of a well-established history so that you can focus on what truly matters: growing your business and turning your dreams into reality.
Also Read: How Shelf corps for sale Can Help Your Consulting Business
So, if you are ready to give your startup the boost it needs, consider exploring aged corporations at Wholesale Shelf Corporations. Our expertise and range of options can help you find the perfect match to boost your startup.
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