Credit Chess

Shelf corporations are not looked upon unfavorably by regulators, lenders, or the
business reporting agencies. Many say they are unethical, borderline illegal, and some
call them a fraud.
From Dun & Bradstreet… “It is unclear whether it is legal to use shelf corporations
to access credit. It is clear, however, that this is a deceitful, unethical maneuver that
serious entrepreneurs should avoid.” If the credit bureaus learn about the company
being under new management, they will list it on their reports, e$ectively “re-aging”
the company.
“Shell and shelf companies can be created domestically or in a foreign country. Shell
and shelf companies are often formed by individuals and businesses to conduct
legitimate transactions. However, they can be and have been used as vehicles for common crime
schemes such as money laundering, fraudulent loans and fraudulent purchasing. By
virtue of the ease of formation and the absence of ownership disclosure requirements,
shell and shelf companies are an attractive vehicle for those seeking to conduct illicit
activity.” FDIC Special Alert, April 24, 2009.

Before you try to ride that wave consult with CreditChess.com
We will get your company set up to surf the big one.
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A Limited Liability Company (LLC) is a form of business whose owners enjoy limited
liability, but which is not a corporation. A limited liability company is a "exible form of
enterprise that blends elements of partnership and corporate structures. An LLC is not
a corporation; it is a legal form of company that provides limited liability to its owners.
LLCs do not need to be organized for pro .
In certain US states, businesses that provide professional services requiring a state
professional license, such as legal or medical services, may not be allowed to form
an LLC but required to form a very similar entity called a Professional Limited Liability
Company (PLLC).
A Limited Liability Company (LLC) is a hybrid business entity having certain characteristics
of both a corporation and a partnership or sole proprietorship (depending on how
many owners there are). An LLC, although a business entity, is a type of unincorporated
association and is not a corporation.
The primary characteristic an LLC shares with a corporation is limited liability, and the
primary characteristic it shares with a partnership is the availability of pass-through
income taxation. It is often more "exible than a corporation, and it is well-suited for
companies with a single owner.

Before you try to ride that wave consult with CreditChess.com
We will get your company set up to surf the big one.
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