From the Delaware Secretary
Of State in their own words:
LISTED AGENTS MUST MEET ADDITIONAL
may not market 'shell', 'shelf' or 'aged-shelf' companies (or
substantially similar products and services) through the registered
agentsí website or the website of an affiliate or affiliated party."
Source within Delaware Secretary of State
or saved here.
A shelf company is simply a corporation or LLC
that was filed in advance for the convenience and expediency of the
client. That client may not acquire the pre-filed company until
years after the filing of the articles of incorporation. The client simply buys a pre-filed company with the added
advantage of some age. Otherwise, the client is stuck paying the
Delaware $500 two-hour filing, or the $250 pre-clearance fee with the
Delaware Secretary of State. The advantage of the aged shelf
company is the added value of age is better than expediting an urgent
$500 fee to the DE Secretary of State.
Delaware is now complaining that aging a shelf
company is unethical while they charge $500 for a two-hour filing.
The Delaware Secretary of State is now
disallowing Delaware registered agents from filing and selling shelf
companies. And this bogus prohibition benefits the Delaware
Secretary of State. How? People can no longer acquire an
aged shelf company from their registered agent in Delaware. The client must now pay the DE
SOS high filing fees instead.
The Delaware Secretary of State now finds
objection with this practice of filing and selling shelf companies.
Attorneys and accountants pre-filed all sorts of entities for hundreds
of years in a myriad of countries. And now, the DE SOS finds
objection. Is it possible that Delaware is slowly turning its back
on capitalism? Perhaps this is so.
And the rule of law? There is no law, and
I repeat--NO LAW. As a layman, I've been able to find no Delaware
law that defines a shelf company let alone prohibit the registered
agents from selling them. Calls to the DE SOS resulted in no law
At the end of the day, Delaware self-defecates
on over 100 years of precedent, and their pro-business reputation.
Now, the Delaware Secretary of State will prohibit the registered agents
from forming shelf companies based on policy, and in direct absence of
the law. And here we are--a technocracy that rules by policy
devoid of law. And those who make the policy are appointed.
Why is this important to you? After all,
you don't file or sell shelf companies. Of course it's critically
important. DE SOS is now beyond their proscribed role as an office
that approves documents. The DE Secretary of State is supposed to
act in a ministerial capacity in accepting payment and approving
documents. This is huge step in mission creep. DE registered
agents are quietly complaining that DE SOS is now moving into a policy
generation agency without the law. This is alarming.
Since the corporations and LLC's in DE are filed according to the laws
spelled out in DE, this is a critical misstep in the wrong direction by
imposing rules without the effect of law.
The end result is that DE is now moving in the
direction running their Secretary of State like a state or province
within a third world country.
Likewise Nevada Goes into the Toilet
Likewise, Nevada has crapped all over their
pro-business legacy with a $500 business license, mandatory disclosure
of the owners, and the annual list of officers for $125; the only one
standing is Wyoming.
What makes Nevada worse is the adult businesses
that makes it famous; prostitution, gambling, money laundering, cash for
gold, drugs, pawn shops, massage parlors, etc. That whole idea,
"What happens in Nevada stays in Nevada" attracts this element, and the
financial services that corrupt.
For the above and additional reasons, consider
incorporating in Wyoming, Montana or New Mexico.
Wyoming: The Best Choice for an
The State of Wyoming doesn't require a
business license. In Wyoming, there's no state income tax or tax on shares.
There isn't a requirement to have a permit to carry a gun. Compare
that to Delaware. Wyoming is the best place to run an online
business, or for a company involved in trading stock, or holding real
estate, or other assets. The asset protection is the best in
Wyoming remains the best place to incorporate,
with low fees, the best place to do business, and protects the interests
of those who do business within and from Wyoming.
Montana: The Best Choice to Build
Montana corporations are most successful at
building business credit. We offer eight year old Montana
corporations for $1995. All of our companies are filed and
maintained in-house. We guarantee that the company you buy from us
is clean from all problems, liabilities and other issues. We only
sell clean companies that are free from any transaction history.
New Mexico: The Economical Choice
New Mexico LLC's don't require an annual report
or annual fee. We offer New Mexico two year old shelf LLC's for
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