theskysthelimit
Jun 16, 2009, 03:26 PM
Hi,
I am anticipating purchasing a shelf corp in the next week or so. I am told by the company that the aged company comes with the following outlined below in which I would like to highlight the line of credit attached. I was not credit qualified to apply for lines of credit through traditional lending sources as my company is only 6 months old and I about a 660 credit score. I was advised that they company will come with a temporary credit partner or CFO with a 720+ fico score to personally guarantee the lines of credit obtained. I was told that the CFO will get paid 5 points on the backend approx (38K) so I see the incentive for him. My concern is 2 fold: the first being: once ownership is transferred will the lines of credit transfer to my name where I will have access to them. Also- once I am the owner the company and it is registered that I am the new CEO, will the company retain the "age" from the previous owner?
Here's the Company I'm interested in Purchasing
2 YEAR AGED NEVADA SHELF CORPORATION
- CORPORATE KIT (INCLUDING ARTICLES OF INCORPORATION, SEAL, CERTIFICATE OF GOOD STANDING)
- 85+ PAYDEX SCORE WITHIN 5 TO 15 BUSINESS DAYS
- SIX UNSECURED CORPORATE TRADELINES
- DUNNS NUMBER
- $500,000 UNSECURED CORPORATE CREDIT LINE WITHIN 45 BUSINESS DAYS
- $50,000 UNSECURED CORPORATE CREDIT CARD
- PERSONAL GUARANTOR (IF NEEDED)
- CREDIT RESTORATION SERVICE
- VIRTUAL OFFICE IN LAS VEGAS, NV WITH ANSWERING SERVICE , MAIL FOWARDING AND 16 HOURS PER MONTH OF CONFERENCE ROOM MEETINGS
COST: $4,500
I am anticipating purchasing a shelf corp in the next week or so. I am told by the company that the aged company comes with the following outlined below in which I would like to highlight the line of credit attached. I was not credit qualified to apply for lines of credit through traditional lending sources as my company is only 6 months old and I about a 660 credit score. I was advised that they company will come with a temporary credit partner or CFO with a 720+ fico score to personally guarantee the lines of credit obtained. I was told that the CFO will get paid 5 points on the backend approx (38K) so I see the incentive for him. My concern is 2 fold: the first being: once ownership is transferred will the lines of credit transfer to my name where I will have access to them. Also- once I am the owner the company and it is registered that I am the new CEO, will the company retain the "age" from the previous owner?
Here's the Company I'm interested in Purchasing
2 YEAR AGED NEVADA SHELF CORPORATION
- CORPORATE KIT (INCLUDING ARTICLES OF INCORPORATION, SEAL, CERTIFICATE OF GOOD STANDING)
- 85+ PAYDEX SCORE WITHIN 5 TO 15 BUSINESS DAYS
- SIX UNSECURED CORPORATE TRADELINES
- DUNNS NUMBER
- $500,000 UNSECURED CORPORATE CREDIT LINE WITHIN 45 BUSINESS DAYS
- $50,000 UNSECURED CORPORATE CREDIT CARD
- PERSONAL GUARANTOR (IF NEEDED)
- CREDIT RESTORATION SERVICE
- VIRTUAL OFFICE IN LAS VEGAS, NV WITH ANSWERING SERVICE , MAIL FOWARDING AND 16 HOURS PER MONTH OF CONFERENCE ROOM MEETINGS
COST: $4,500