CALIFORNIA SHELF LLC'S
AGED SHELF CORPORATION
Contact Us For Details
AGED SHELF CORPORATION
DO NOT acquire a California shelf LLC to build corporate credit or to start a business.
California LLC's, and CA companies
Attorneys in California
The Corporate Veil
Obtain an out-of-state shelf corporation or shelf LLC, and file the company in California.
The California Franchise Tax Board poses certain challenges when buying a California shelf LLC
California Franchise Tax Board
Obtain an out-of-state shelf LLC, and file the company in California as a foreign LLC.
Out-of-state shelf LLC’s don’t need to pay the California Franchise Tax Board until the company is filed in California. And even then, the fee isn’t paid until the first anniversary from when the out-of-state (foreign) LLC is filed in California.
You and your business are safer when certain that the California Franchise Tax Board fees are paid when owed, and back taxes are taken care of.
States of Montana
The states of Montana, Wyoming and New Mexico don’t request the information on the owners of the company. The owners’ identities aren’t disclosed. This means that you are considered the FIRST owner of the company once you register the foreign shelf LLC to do business in California. This is important if you intend to build corporate credit or obtain private financing.
You will pay less, in terms of the sales price of the company, by acquiring an out-of-state shelf company and then filing it in California. This is because the annual maintenance fees are lower by obtaining a shelf corporation out of Wyoming, Montana or New Mexico, than a California company.
California shelf LLC’s always costs more than what they are worth. You’re best with a shelf LLC out-of-state and then file the LLC in California; if you do business in California.
CALIFORNIA BASICS ON CORPORATIONS AND LLC'S
A domestic LLC formed in California is a company that was filed in California.
This also means that a corporation filed in any other state, such as in Oregon, is considered a foreign corporation in California. But, an Oregon, an Oregon company is domestic to Oregon. A California company filed in Oregon is a foreign company in Oregon. Got it?
A foreign corporation that seeks to do business in California must file one of these forms:
Since California requires disclosure of the owners at the business license level, this will reveal the owners for anyone who is looking. When you apply for corporate credit, a change of ownership is detected. As such, a change of ownership is considered a new company. The age of the company and its corporate credit is reset!
There are 49 other states! From which state should I buy a shelf corporation or shelf LLC?
The states to consider are: