Is Buying an Aged LLC Like Buying a Shelf Corporation

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• Can One Use A Shelf Corporation / Shelf LLC for Corporate Credit

  Shelf entities are not recommended. They may show a higher "years in business" but that date resets when it is found the company is under new management. Additionally, the bank account registration date is the official date for some vendors/lenders ...

• Are Shelf Corporations Legitimate

  Shelf corporations are formed for the purpose of being sold off. Unfortunately, shelf corporations that build great credit for themselves often (since 2016) have their entire business credit scores wiped away when they transfer ownership. The credit ...

• Can An LLC Be Converted Into A Corporation

  Yes. Most states allow LLCs to be converted to a corporation by the simple filing of documents with the state, these documents essential merge the two entities into one. At the time of the conversion the LLC by operation of law becomes a corporation ...

• Can LLC or Corporation Be A Grantor for A Trust

  A Corporation and LLC can be grantor for a statutory trust, but not a private express trust (i.e. Bulletproof Trust). Private express trusts require a living human being to be grantor. If the goal of using these statutory entities as grantor is to ...

• Double Taxation with Corporation (C-Corp) vs LLC

  Double taxation for a corporation is only valid if one does not redeem in lawful money. The benefit of having a corporation vs an LLC is the corporation DOES NOT pass through any liability; whereas, an LLC will pass through liability, thus it is ...