The aged company is an organization that has been set up but kept on the shelf for years. The company does not do any kind of activity. It is usually formed to sell to entrepreneurs.
There is no doubt just how much the age of a business affects it. When a business has been in existence for years, you will get the confidence of suppliers, creditors, and buyers. Why would you want to have shelf corporations for sale?
To get bank loans
At times getting capital for your business can be tricky. It is especially true when your business is still new. Most financial institutions shy away from new businesses. It is because such a business is high risk; it can fail before paying back the loan. Buying an aged company allows you to get access to credit facilities with ease.
Credibility
A company that has been established for years is credible than a new one. You will have a business history and company image that you need to have a successful firm. Suppliers and buyers need a company that has been existing for a given period. Also, other businesses are more likely to do business with a company that has been there for at least 12 months.
Win government contracts
Winning government contracts with your new business can be quite a challenge. The government may not trust you to handle the project as required. However, things change when you show a company that has been in existence for some years.
Create longevity
If you would like to have corporate longevity, you can do so with an aged business. It can boost consumer confidence. You cannot get that when you start a new business.
Get access to corporate credit
With an established company, you get access to corporation credit. You are guaranteed of getting the funds you need to take your company a step further. Most of the credit card companies need a corporation that has been in existence for two years. Investors will trust you more when you have a company that has been there for years.
You can go for an aged company that has never traded and start trading right away. You can choose a company that is between one month and 10 years old. Most of the aged companies are advertised online and can be transferred immediately. You get a company with all the documentation ready. Avoid all the process of starting the business from nothing and start one that has been in existence for some time.
Comentarios