WYOMING VIRTUAL OFFICE  | WYOMING REGISTERED AGENTS 

Wyoming Virtual Office for Building Business Credit:  Is it a good idea?

Ten year old shelf corporation for $1995.  Request the list here.

HOME

Wyoming Virtual Office for building business credit

Shelf Wyoming Corporation

 

Wyoming Registered Agents

 

Wyoming VS. Nevada Corporations

 

Corporate Formalities

 

Wyoming Mail Forwarding

 

Bank Account Formation

 

Legal Services

 

Wyoming Banks

 

Wyoming Secretary Of State

 

 


 

CONTACT

 

PRIMERA, INC., 109 EAST 17TH, #25, CHEYENNE, WY 82001

 

307.237.2580

 

FAX:

1.702.920.8824

 

EMAIL

 


 

LINKS

 

Shelf Corporation

 

Wyoming LLC

 

Nevada LLC  

 

Delaware LLC v. Wyoming LLC

 

Private Investigation

 

Domain Protection

 

WYOMING VIRTUAL OFFICE FOR BUILDING BUSINESS CREDIT?

FOLLOW THIS LINK FOR AN EXCELLENT SITE ON SHELF CORPORATIONS

In short, any virtual office is not functional at building business credit.  Now that you have the answer, let's understand why and how.

1.  Regardless of who owns the virtual office and how they run that virtual office, the office center is considered high risk.  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.

Let's review:

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?

Shelf Corporation Purpose #1:  The shelf corporation is used to assume a business history. INFO >

Shelf 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 great help.

Only buy an aged shelf corporation, or "aged corporation", when there's a real benefit from using such an entity. 

Example 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.

Example 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 aged corporation.

Ask 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.

Shelf Corporation Purpose #3:  Shelf corporations are ideal when action must be taken immediately.  INFO >

Shelf Corporation 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 >

Shelf 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

..........................................