Table of Contents

What is a shelf corporation?

A shelf corporation, also known as a shelf company or aged corporation, is a business entity that has been formally registered with the state but has had no operational activity.

It is “put on the shelf” to “age” and can then be sold to individuals or groups who wish to start a company with an established incorporation date, rather than going through the full process of creating a new one.

Is Shelfcorpgiant.com a scam?

No, Shelfcorpgiant.com is likely not a scam in the sense of outright fraud where you pay for nothing.

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They appear to offer legitimate services for selling aged corporations and assisting with business setup.

However, its business model primarily facilitates access to conventional, interest-bearing financial products, which raises significant ethical concerns for those who avoid Riba (interest).

How does a shelf corporation help with funding?

Shelfcorpgiant.com states that a shelf corporation helps with funding by providing instant “time in business” and credibility.

This age can be perceived favorably by traditional lenders, potentially increasing the likelihood of approval for interest-bearing corporate credit cards and business lines of credit, or leading to better terms.

What are “Credit-Ready Packages” on Shelfcorpgiant.com?

“Credit-Ready Packages” are tiered service bundles (Silver, Gold, Platinum, Diamond) offered by Shelfcorpgiant.com. The Role of Foreign Entity Registration in Business Funding

They include essential steps for establishing a corporate credit profile, such as obtaining an EIN, DUNS number, directory listings, corporate kits, and setting up corporate identity elements like domain names and websites, all aimed at making the corporation attractive to conventional lenders.

Are sales on Shelfcorpgiant.com refundable?

No, Shelfcorpgiant.com explicitly states that “SALES ARE NON-REFUNDABLE.” This means that once a purchase is made, customers bear all the risk, even if the desired funding outcomes are not achieved.

Does Shelfcorpgiant.com guarantee funding or credit approval?

No, Shelfcorpgiant.com explicitly states that “CUSTOMER RESULTS DEPEND ON VARIOUS FACTORS OUTSIDE OUR CONTROL AND CANNOT BE GUARANTEED.

FUNDING CAPACITY IS NOT A GUARANTEED FUNDING AMOUNT.” They do not guarantee that you will receive funding or that a specific amount will be approved.

What is an 80 Paydex Program offered by Shelfcorpgiant.com?

The “80 Paydex Program” is a service offered by Shelfcorpgiant.com designed to help businesses achieve an 80 or higher Paydex Score (a business credit score from Dun & Bradstreet) within 45 to 60 days.

A high Paydex score indicates timely payments to suppliers and is crucial for obtaining conventional business credit.

Can I change the name of a shelf corporation purchased from Shelfcorpgiant.com?

Yes, you can change the name of your shelf corporation.

However, Shelfcorpgiant.com advises against it, suggesting that a name change goes against the concept of a shelf corporation and might negate the “age” benefit.

They recommend filing a Trade Name (Fictitious Name) instead if you want a different operating name.

What is a Foreign Entity Registration and why do I need it?

Foreign Entity Registration is the process of registering a corporation formed in one state to legally conduct business in another state where the owner resides or intends to operate. Understanding Corporate Credit vs. Personal Credit

Shelfcorpgiant.com states it is required to open bank accounts and obtain financing in your home state if it’s different from the state of incorporation.

Does Shelfcorpgiant.com recommend using CPNs (Credit Profile Numbers)?

No, Shelfcorpgiant.com explicitly warns against using CPNs, SCNs, or any other form of Social Security # that is not your real one. They state that such practices are “Synthetic Identity Theft” and illegal, carrying very high failure rates and potential for closed credit accounts or legal repercussions.

What kind of funding can be obtained with a shelf corp, according to Shelfcorpgiant.com?

Shelfcorpgiant.com indicates that until your shelf corp files its first tax return showing a profit, most funding will be in the form of unsecured corporate credit cards.

There’s also a possibility of obtaining unsecured corporate lines of credit, particularly by applying in person at banks or credit unions.

Does a shelf corporation come with existing cash lines of credit or tax returns?

No, Shelfcorpgiant.com explicitly states that their shelf corporations do not come with existing cash lines of credit, tax returns, or financials.

They warn against companies selling shelf corporations with fraudulent tax returns or bogus credit lines, stating that using such fake documents can lead to legal consequences.

What are the main mistakes buyers make when purchasing a shelf corporation?

Shelfcorpgiant.com highlights several mistakes, including paying high prices for shelf corps with supposedly established (but fake) credit or personal guarantors, purchasing corps with hidden liabilities, or buying from sellers who don’t actually own the corporation.

They warn against fraudulent tax returns leading to jail time.

How old should a shelf corporation be for best funding results?

Shelfcorpgiant.com suggests that the older the shelf corporation, the better the results that can be obtained when it comes to funding and credibility.

They recommend selecting the oldest shelf corporation that is within your budget. Shelfcorpgiant.com Pricing and Value Proposition

Does Shelfcorpgiant.com offer support for improving personal credit?

Shelfcorpgiant.com implies that if your personal credit is not perfect, you can purchase a shelf corp to save money and they will build the corporate credit while you improve your personal credit situation.

They do not directly offer personal credit repair services.

Can I purchase business tradelines for a shelf corp through Shelfcorpgiant.com?

Shelfcorpgiant.com advises against purchasing business tradelines from most sellers, stating that they often involve fraudulent accounts with fake history.

However, they promote their own “80 Paydex Program” as a legal way to get “REAL Business Tradelines.”

How does the “Funding Road Map Strategy Session” work?

The “Funding Road Map Strategy Session” is a consulting service from Shelfcorpgiant.com that provides a detailed plan for obtaining unsecured corporate funding.

They claim to work one-on-one to provide tools and guidance to overcome obstacles and accelerate the funding process.

Is a registered agent required for a shelf corporation?

Yes, Shelfcorpgiant.com states that a registered agent is required for a shelf corporation in the state of incorporation.

They provide 30 days of free registered agent service after purchase, after which an annual fee of $350 applies if you continue with their service.

Why doesn’t Shelfcorpgiant.com show its entire shelf corp inventory online?

Shelfcorpgiant.com claims to keep most of its inventory private to protect the privacy of the shelf corporations.

They state that no one should be able to search online and find the name of your shelf corporation on a vendor’s website. How to Avoid Financial Scams and Misleading Practices

They encourage contacting them directly for specific needs.

What is the difference between an S-Corporation and a C-Corporation?

Shelfcorpgiant.com explains that the main difference lies in taxation.

S-Corps are “Flow-Through Entities,” meaning income flows to shareholders and is taxed at their personal income tax rate, avoiding corporate-level taxation in the state of incorporation. C-Corps are taxed at the corporate level.

They suggest S-Corp status is usually preferable for most clients for corporate credit building.

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