HOW MUCH DOES A SHELF CORPORATION COST?
The prices for our shelf corporations are stated in the table at the top of
our home page. We accept American Express, Visa, Master Card or Discover Card. We
do not accept cash or checks.
HOW DO I GO FORWARD?
Go to Our Forms, and complete the secure online
shelf corporation acquisition form
to purchase from us a California shelf
WHO AM I
You are dealing
with a California attorney at law. This internet
site is owned and operated by
the Law Offices
of James R. Urquhart III, A Professional Law Corporation, California
Attorneys and Counselors at Law. We have been practicing law in California
since 1977. Click here for more information about us.
HOW OLD IS THE SHELF CORPORATION?
See the table at the top of our home page for the years we are currently
offering. For example, if you buy a 2012 shelf corporation, you are buying a
California corporation with Articles of Incorporation filed by the
California Secretary of State in 2012.
WHAT DATE OF INCORPORATION WILL MY
SHELF CORPORATION HAVE? Again, if you
purchase a 2012 shelf corporation, for example, the date of incorporation
will be in 2012. That means that the Articles of Incorporation were filed by
the Secretary of State in 2012.
WILL MY SHELF CORPORATION HAVE A
FEDERAL / IRS EMPLOYER IDENTIFICATION NUMBER (EIN)?
Yes, the EIN will be supplied to you when you
go forward. You will also receive a copy of the official IRS letter / notice
that assigned the EIN to the corporation.
WHAT NAME WILL MY SHELF CORPORATION
HAVE? When we form our shelf
corporations, we us use a neutral or generic corporation names like XYZ
Holdings, Inc. Most shelf corporation purchasers use the name as it. Keep in
mind that a corporation can use one or more fictitious business names
provided it files the required Fictitious Business Name Statement with the
relevant County. If you wish, however, we will change the corporation name
to another available corporate name. Please note
that a name change, while at no extra charge, will delay the process while
we file the necessary papers with the California Secretary of State, i.e.
you will not get your corporation kit until AFTER the name change is filed
and returned by the Secretary of State.
IN WHAT STATE IS MY SHELF CORPORATION INCORPORATED?
All our shelf corporations are formed in the State of California, USA.
WHEN WILL I FIRST SEE THE ARTICLES OF
INCORPORATION FOR MY SHELF CORPORATION?
Immediately after you make the purchase. We will send you, by email, a PDF
image of the Articles that shows the California corporation number assigned
by the California Secretary of State as well as the date of incorporation.
HOW MANY SHARES OF STOCK WILL MY SHELF
CORPORATION HAVE? It will have one
million (1,000,000) shared of common stock authorized. The shelf corporation
has never issued any shares of stock. After you buy the shelf corporation,
you will be the very first shareholders / owners of the corporation after
you take that action.
WHAT ABOUT SUBCHAPTER S?
Your shelf corporation will be a general for-profit corporation that has
never elected IRS / Federal subchapter S status. You can elect subchapter S
status after you buy the shelf corporation. In other words, if you desire S
Corporation status, you are free to make that election at a future date
subject to IRS rules and regulations on timeliness. We
will prepare, at no additional cost, the IRS S corporation application (IRS
Form 2553) if
you so desire. It will be up to you, however, to file the S corporation
WHAT ABOUT TAXES AND TAX RETURNS? PLEASE READ
VERY IMPORTANT. The shelf corporations
we sell have been totally inactive. That means they have never had income,
they have never had assets or bank accounts, they have never had operations
or activity of any kind. To protect your ability to elect the tax year of
your choice, neither state nor federal income tax returns have ever been
filed, no taxes of any kind have ever been paid to anyone, and no minimum
tax payment has ever been made to the California Franchise Tax Board.
Naturally, taxes and tax returns are your responsibility.
HOW FAST CAN I OPEN A BANK ACCOUNT AND
START BUSINESS? All banks are
different. Some are easy to work with, some are not. Bank policy varies
greatly. Depending on the bank, opening a corporation bank account can be
hard, or it can be easy. Within 24 hours we will
supply you (by email by PDF image) with the corporation's
Federal (IRS) employer identification number (EIN) as well as other
documents to show that you control the corporation. Banks and
other financial institutions require the corporation's EIN before they will
open a checking, savings, or other account for the corporation.
WHO WILL BE THE PRESIDENT, SECRETARY
AND TREASURER OF THE SHELF CORPORATION?
The shelf corporation will have first minutes, and other charter documents
drawn according to your wishes. You name expected or anticipated first
directors, officers and shareholders when you complete our online form to
buy the shelf corporation. Please note
that corporation charter documents are not effective until they are duly
signed by the proper parties and the named parties have accepted those
WHY DO PEOPLE BUY A SHELF
CORPORATION? Because some people can't wait (or do not want to wait)
the many weeks that it now takes the Secretary of State to act of filings. For
example, someone may be buying a business now and can't wait for a new
corporation to be formed. Another example would be someone that needs to
hire employees right away with the corporation as the employer and can't
wait for a new corporation to be formed.
WHAT CREDIT HISTORY DOES THE SHELF
CORPORATION HAVE? In short, none.
We know that others do advertise that their shelf or aged corporations come
with a Dunn and Bradstreet (D&B) number, credit card, credit history, etc.
Not ours. When you buy a shelf corporation from us, you and your corporation will have
to earn, the old fashioned way, any credit rating. Our shelf corporations
have had no business operations, no revenue, no expenses, no bank account,
no shareholders, and no business activity whatsoever. They are formed by us
and kept "on the shelf" by us for later purchase.