WYOMING VIRTUAL OFFICE FOR BUILDING BUSINESS CREDIT?
FOLLOW THIS LINK FOR AN EXCELLENT SITE ON SHELF CORPORATIONS
When is a Wyoming Office a
good idea? When you seek some of the following:
To do business from Wyoming from a business building--not someone's house!
Choice of jurisdiction.
You have a choice. Wyoming has no state income tax and there's no
ownership reported to the State of Wyoming. It only makes sense to do
business from Wyoming if that works for you. As you know, you
can't have a brick and mortar business in New York but do business in
Wyoming. But you can do business from Wyoming if you have an online
You don't want to telegraph online your home address or the business address
that's linked to you.
You seek to start your own business and your employer may not be happy
with the idea.
want your undivided attention. They are not happy if you're looking to
start your own dream. After all, they want you to build their
dream--not yours. You can start with an online business, a Wyoming
address, and use our Contract Officer services to keep your name off the
public record. You apply for the EIN and the bank account. Your
name just doesn't show up online unless you want it to. With Wyoming,
you have options.
In combination with the Wyoming Virtual Office, consider using these key
phrases on your website and your order forms, and other disclosures that
require a customer agreement.
You seek to start a separate business with a separate address.
You seek to protect your assets involving a separate address from your
other Wyoming company.
A VIRTUAL OFFICE WORKS BUT IT IS NOT A GOOD
IDEA FOR BUILDING BUSINESS CREDIT. LET'S EXPLORE.
1. Regardless of who
owns the virtual office and how they run that virtual office, the office
center is considered high risk to banks who consider lending your company
money. In today's data drenched environment,
companies such as DNB and the banks consider all virtual office addresses
high risk. Why? Simply because there are so many businesses
using the same address. Even when private investigators are searching
for a person and come across a UPS Store address or other mail center at
a strip mall, those addresses are all flagged as high risk. Yes,
that's unfair. The address is legitimate and it's legal. How
does this happen? This appears to be an arbitrary decision by DNB and
many banks. But also, data companies willfully label these addresses
as high risk as well.
2.. Certain address may be associated with a high number
of loan defaults on credit cards, business loans and other related financial
activity. Once a certain address hits a certain number of loan
defaults, the address is then considered high risk. Then using that
address is high risk because you're running the risk of labeling your
business "high risk."
3. You likely don't live in Wyoming. The
State of Wyoming may be the best place to run your online business.
But it may not be the best place to operate if you want to build and seek
business credit. The banks prefer the company is operating out of the
same state where you live. Therefore, the company would then file to
do business out of state where your driver's license indicates that you
live. In such a case, Wyoming is great for an online business but not
so great in applying for business credit.
4. When it comes to applying for business credit,
the States of Delaware, Nevada and Wyoming produced a great deal of
companies that defaulted on loans from 2006 through 2010. Banks now
increase their loan examination of corporations and LLC's from Delaware,
Nevada and to some extent--Wyoming. So, if you're seeking to apply for
business credit, consider using a corporation from Montana or New Mexico
instead. Montana and New Mexico are not considered states that produce
a large number of shelf companies. Call 484.256.4563 or email
Assetprofile@gmail.com for a
list of available aged companies from Montana.
1. Wyoming virtual office is great if you have an
online business in Wyoming, or if you seek to do business from Wyoming.
2. Wyoming virtual office is not a good idea if
you're seeking to build business credit. (You're actually better off
with a Montana corporation filed to do business in your state.)
3. Virtual offices everywhere are flagged due to
the large number of businesses that use those address to receive mail, and
due to loan defaults as they are associated with certain addresses.
This means that the scope of virtual office out of
Wyoming is best for businesses that are online and don't involve the
application for business credit.
What is the
purpose of a shelf corporation?
Purpose #1: The shelf corporation is used to assume a business history. INFO >
Corporation Purpose #2: The shelf corporation eases the start-up of a
business when needing to establish business credit. Certain companies are
known to lease to small businesses that are at least six months old.
Establishing corporate credit is easier with local suppliers. In that
sense, buying a shelf corporation with at least six months of age is of
Only buy an
aged shelf corporation, or "aged corporation", when there's a real benefit
from using such an entity.
A: Wanda seeks to open a gift shop. An aged corporation may only help
her in terms of dealing with new suppliers. Customers don't really care
whether they buy a gift from a store that has no business history. A
retail operation that deals in jewelry, electronics, or other specialty
item may be different; however, because follow-up is important. The
customer may feel that an business that with a history is more stable
than one without. This may make or break sales.
B: Mike is starting an internet-based consulting firm catering to small
businesses. His clients will ask him how long he's been in business.
Even though his business may be new, buying a two year old corporation
may help him build instant credibility. On the contrary, Mike's many
years of experience may speak volumes for him instead of relying on an
yourself whether the age of the corporation is important to your clients or
your creditors. If so, buying an aged corporation may be of benefit.
Ultimately, how you sell yourself and your products/services will clinch the
deal, regardless of whether you buy an aged corporation.
Purpose #3: Shelf
corporations are ideal when action must be taken immediately. INFO >
Purpose #4: There are promoters of shelf corporations that advocate the
use of aged shelf corporation for the repair of credit, or an alternative
form of credit for those who are credit challenged. INFO
Corporation Purpose #5: A
contract was entered into in the name of a corporation to be formed and an
unforeseen liability has surfaced. INFO >
CALL 307.237.2580 FOR A
CONSULTATION ON SHELF CORPORATIONS
IN WYOMING AND NEVADA