I got in general about $2,600.00 for purchasing and now fresh out of my 20's I can really recall how simple it is to keep my #salvagecompany I got as a kid growing up 💯 brought me here THANKS 👍👋🎯💪
Can you take over the lines of credit? I'm hearing from bankers that you have to reapply under your name since you are the new owner and going to obtain a new ein.
Yes but that gets more into the Mergers and acquisitions side of things, you need to do the proper due diligence if you were going to do that. Furthermore, you would want to make sure they are not attached as a personal guarantee from the previous owner.
I'm so happy I came across this video and I wasn't really searching for it, but you know how the universe works...because I was definitely THINKING of it at the time when it popped up as a related video! I have an LLC I started in PA when I was a kid and did absolutely nothing with. It's now over 13 years old and I was recently thinking about changing the name and using it for the new business idea I have, but my new state doesn't allow conversion or domestication. So right as the thought of selling the shelf LLC I literally saw this video! Excited to learn what you have to say on the subject, THANK YOU!
They do not have financials, nor tax returns, those can be acquired but you gotta make sure an accountant and lawyer does the proper due diligence on them
I'll pay you 5% for business loan set up and application for 400K or more,my TU and Experian scores is 757 with 6yrs history,i got lease a warehouse 80K square foot and 600K of merchandise .
My general freight transportation logistics LTL & cargo van LLC company is 2 1/2 years old and almost 3 years old in Jan 2023. I have BETTER business credit scores than my personal credit scores lol 😆😂 I’m going to get my personal credit scores back up to at least 680+ then to the 700 - 780+ with only a few trade lines like maybe 9-10 accounts in a few secured credit card accounts and a mix of credit accounts like a phone carrier, a couple of installment loan accounts and hopefully a major credit card with a BIG BANK like Chase. I’m just MORE FOCUSED on building my corporate business credit with 100+ accounts and trade lines than my personal credit scores 🤔 then get my aged corps by next summer in 2023
After you have your personal credit score built, you can go to business/corporate credit. Sounds like you are in a good position, utilization usually is what kills peoples credit score.
I have 4 old llcs that I stop paying the annual fees so it was involuntarily dissolved I called each secretary of state and they said I can reinstate for a small fee would it be better for me to reactivate an old llc or start a new one?????? For funding?
You can definitely do this, this is a great way to get a corporation that is aged and it’s yours. Then when you fill out applications you write down when it was initially registered.
Yes, you can definitely add business trade lines to get better results, however, you’ll still need good credit because they will look at your credit profile. I got clients making 8 digits with all the paper work and in order to get big big LOC’s banks are still checking their personal score.
I'm interested. I have a LLC that's 5 yrz old but I never used it.i was wondering if I can benefit off of that once I pay the back taxes on my old which is in Delaware
Yes, if it makes sense to pay the taxes. Also keep in mind that Delaware has the privacy act laws so when getting funding it can be challenging unless you have an account with the banks you are looking to get funded
If you have tax liability I wouldn’t because then you will have to deal With the bill. You are better off to either buy an aged corp or just start a new company. You can find the link to book a call with my team below.
You mean a cash advance, not sure exactly what you are asking. However there are specific techniques we utilize to be able to cash the credit cards if you are going to use them for investment.
I provide aged corporations for people, you can always schedule a call if you are ready to make the investment. Depending on the age of the corporation, they will vary from $5000 to $7500. I will add the calendly on the description
@@iamedsoto What do you get for $5K-$7K? I want to keep the filing date and change the name? Can I raise $500K with 45 year old company that closed 14 year ago without tax update?
No man, in order to get that you gotta make sure you have accountants and lawyers that are doing the due diligence so that you are not going to buy a liability. I know friends of mine that have spent 50-60k to acquire a company with million dollar LOC’s.
Most of the lending we do is No document. Unless you are attempting to get Lines of Credit that are over 100k or 150k you can go to different banks and be able to get funding.
Hello my friend thank you for your interest. Best way would be to book a call with me, you can send me a message on Instagram @iamedsoto and refer you tube.
You CANNOT get funding for an aged llc or corp unless you cant prove income 😂 why would a bank give you money when you can prove that the business has made any money? Smh ppl are so fn stupid
If this were the case, people like myself and MANY other big companies wouldn’t have a business. We get hundreds of thousands of dollars weekly for clients that have good credit and have a business with no revenue.
Nope, never touched that fortunately, but initially I bought a copy cause that's what I thought I wanted to do until I saw the reality of the risk. lol Did you get a PPP?
Depends who you are speaking to, must people don't even know how Aged corporations work and there is a lot of miss information out there. Most have to crawl before they run ya know.
I got in general about $2,600.00 for purchasing and now fresh out of my 20's I can really recall how simple it is to keep my #salvagecompany I got as a kid growing up 💯 brought me here THANKS 👍👋🎯💪
AMAZING VIDEO BRO BRO!! You were MEANT to teach on YT
PERSONAL CREDIT MATTERS
100% it's the most important thing in order to get a lot of credit.
Great video Ed, keep them coming this was very informational!
Appreciate you, we gonna keep them coming. 😁😁💪💪
Bro idk who you are but information was helpful ‼️I’ll have to reach out to you
Definitely, the link has been added to the comments so you can book an appointment.
Awesome I'll check this video out.
This was great man..seriously👍🏽🥂
Appreciate you, what did you find the most value and what is something else you would like to learn about aged corps?
Can you take over the lines of credit? I'm hearing from bankers that you have to reapply under your name since you are the new owner and going to obtain a new ein.
Yes but that gets more into the Mergers and acquisitions side of things, you need to do the proper due diligence if you were going to do that. Furthermore, you would want to make sure they are not attached as a personal guarantee from the previous owner.
I'm so happy I came across this video and I wasn't really searching for it, but you know how the universe works...because I was definitely THINKING of it at the time when it popped up as a related video! I have an LLC I started in PA when I was a kid and did absolutely nothing with. It's now over 13 years old and I was recently thinking about changing the name and using it for the new business idea I have, but my new state doesn't allow conversion or domestication. So right as the thought of selling the shelf LLC I literally saw this video! Excited to learn what you have to say on the subject, THANK YOU!
You can always file a foreign Entity in your state. I would definitely just keep the company and use it to get it funded.
@@iamedsoto Thank you so much for the advice my brother! I appreciate you!
Hi thanks for your video. Does your aged corps come with financial statements and income taxes and how much do they cost?
They do not have financials, nor tax returns, those can be acquired but you gotta make sure an accountant and lawyer does the proper due diligence on them
But once you change the EiN it resets the age of the company to the bureaus
I'll pay you 5% for business loan set up and application for 400K or more,my TU and Experian scores is 757 with 6yrs history,i got lease a warehouse 80K square foot and 600K of merchandise .
You can reach me out through the link in the description so you can book an appointment.
My general freight transportation logistics LTL & cargo van LLC company is 2 1/2 years old and almost 3 years old in Jan 2023. I have BETTER business credit scores than my personal credit scores lol 😆😂 I’m going to get my personal credit scores back up to at least 680+ then to the 700 - 780+ with only a few trade lines like maybe 9-10 accounts in a few secured credit card accounts and a mix of credit accounts like a phone carrier, a couple of installment loan accounts and hopefully a major credit card with a BIG BANK like Chase. I’m just MORE FOCUSED on building my corporate business credit with 100+ accounts and trade lines than my personal credit scores 🤔 then get my aged corps by next summer in 2023
After you have your personal credit score built, you can go to business/corporate credit. Sounds like you are in a good position, utilization usually is what kills peoples credit score.
Hi brother thanks for info.
how do we know that there is no tax evasion or red flags on the aged corp? Thanks again 🙏
You would want to do the proper due diligence to make sure you are no acuiring any liabilities.
I have 4 old llcs that I stop paying the annual fees so it was involuntarily dissolved I called each secretary of state and they said I can reinstate for a small fee would it be better for me to reactivate an old llc or start a new one?????? For funding?
You can definitely do this, this is a great way to get a corporation that is aged and it’s yours. Then when you fill out applications you write down when it was initially registered.
@@iamedsoto nice!!!!!!!
Thank you so much
FEDS........................❗️
If I buy business trade lines to add business credit to my companies profile, do we still need to use our personal credit as a PG?
Yes, you can definitely add business trade lines to get better results, however, you’ll still need good credit because they will look at your credit profile. I got clients making 8 digits with all the paper work and in order to get big big LOC’s banks are still checking their personal score.
Hey bro. How do I get in contact with you about the aged corporations?
You can find the link on the description to book an appointment
I'm interested. I have a LLC that's 5 yrz old but I never used it.i was wondering if I can benefit off of that once I pay the back taxes on my old which is in Delaware
Yes 100%, really depends how much money you own. If it’s a big amount you might be better to just open a new company or acquire an aged corp.
@@iamedsoto it's a few hundred.
Yes, if it makes sense to pay the taxes. Also keep in mind that Delaware has the privacy act laws so when getting funding it can be challenging unless you have an account with the banks you are looking to get funded
@@rdavenport8420 if it’s only a few hundred dollars then it’s definitely worth it.
I have a llc that was 20 years old and I shut it down. is there a way I can reinstate it? I do have tax liability with it..
If you have tax liability I wouldn’t because then you will have to deal With the bill. You are better off to either buy an aged corp or just start a new company.
You can find the link to book a call with my team below.
Can you get things like Verizon, store cards, fuel cards, home Depot... Just based off age of business? While waiting to build business credit....
Yes you could definitely get no PG, but you need to build the corp
did the cards come with an ach cash wire option skipping the plastic?
You mean a cash advance, not sure exactly what you are asking. However there are specific techniques we utilize to be able to cash the credit cards if you are going to use them for investment.
What are some good companies to go through to get a aged corporation ?
I provide aged corporations for people, you can always schedule a call if you are ready to make the investment. Depending on the age of the corporation, they will vary from $5000 to $7500.
I will add the calendly on the description
@@iamedsoto What do you get for $5K-$7K? I want to keep the filing date and change the name? Can I raise $500K with 45 year old company that closed 14 year ago without tax update?
Ok how are those students able to get immediate funding *if* they have no tax & bank statements to show?
You can get No doc funding through the company but it will still require you to have good credit.
Yes as long as they have good personal credit!!
@Ed Soto You can have great personal credit but if your profile isn't strong, you're not getting funding.
Do you have aged (10-15) year old shelf companies with up-to-date tax reporting to IRS?
No man, in order to get that you gotta make sure you have accountants and lawyers that are doing the due diligence so that you are not going to buy a liability. I know friends of mine that have spent 50-60k to acquire a company with million dollar LOC’s.
Wwht happens when the bank ask for the taxes on this corporation
Most of the lending we do is No document. Unless you are attempting to get Lines of Credit that are over 100k or 150k you can go to different banks and be able to get funding.
Please do more videos
Definitely will, thank you for your support
We’re can I buy legit aged corps at? Please advise
Hello my friend thank you for your interest. Best way would be to book a call with me, you can send me a message on Instagram @iamedsoto and refer you tube.
@@iamedsoto do you have an Email? im not on instagram
@@nikolaswhitehead4427 you can always email us at info@credit2millionz.com or book a call with us if you are ready to purchase a corporation from us.
How much do it cost to buy a company
Ask the FEDS.
Where is the link
You can find it in the description
With the $6928.00, do you have to make like monthly payments to the bank? How does that work?
Depends on how you are utilizing the money, this was a combination of financial products.
Man that company was a granddaddy
Yeah it was almost as old as I am hahah
You CANNOT get funding for an aged llc or corp unless you cant prove income 😂 why would a bank give you money when you can prove that the business has made any money? Smh ppl are so fn stupid
If this were the case, people like myself and MANY other big companies wouldn’t have a business.
We get hundreds of thousands of dollars weekly for clients that have good credit and have a business with no revenue.
PPP?
Nope, never touched that fortunately, but initially I bought a copy cause that's what I thought I wanted to do until I saw the reality of the risk. lol Did you get a PPP?
This was one of the most basic videos I’ve ever watched. I hate when I have high expectations but the video comes out mediocre. And I’m being nice
Depends who you are speaking to, must people don't even know how Aged corporations work and there is a lot of miss information out there. Most have to crawl before they run ya know.
I thought if you get a new EIN you reset the the age of the corp.