Sunday, March 18, 2018
BUILDING BUSINESS CREDIT FOR YOUR NEW BUSINESS
BUILDING BUSINESS CREDIT FOR YOUR NEW BUSINESS
By: Allen T. May, C.E.O. of Westwood Associates, LLC
A business credit card gives you the convenience of a credit card for business expenses. This can keep your business transactions separate from your personal expenditures. Most business credit cards require a personal guarantee or personal credit check. This may happen even when you use your businesses EIN on the application instead of your social security number. Your business needs to build its own credit so it stands alone from you personally. If you have fair or bad personal credit, you may not be able to get approval for an unsecured business credit card. With bad credit, a secured business credit card might be your only option. However, if you have good credit, you will most likely get approved for an unsecured business credit card.
One of the most challenging tasks most small business owners experience is developing business credit for their new venture. My grandmother used to tell me, "Getting credit is easy. Keeping credit is what's difficult." There remains a lot of truth in that logic. I probably have more credit cards than I need and their interest rates are shameful. Regardless, if you pay your balances off promptly, its inconsequential what the annual interest rates are on your credit and charge cards. For instance, many credit cards will offer free interest for 12 to 18 months if your purchase is over $1,000. Its good policy to take advantage of those offers when available.
If a bank denies your business credit card application, a secured business credit card is another option. Most people are familiar with "secured" credit cards. These credit cards are offered by many banks and credit unions. The process for obtaining one is simple. Monies you deposited into savings account or certificate of deposit are held by the bank or credit union as "security" for the line of credit they issue to you on a credit card. I recommend to clients seeking such a credit card to check with their bank first. In the alternative, these banks offer secured credit cards and as of today, March 20, 2018, they are allowing the following limits for securing a line of credit on their credit cards:
Baptist Credit Union
www.bcu.org
Secured MasterCard
Deposit equals 100% of credit limit
Interest is earned in a savings account of 0.20% annually
$500 minimum deposit
$100,000 maximum deposit
BBVA Compass Bank
www.bbvacompass.com
Business Secured Visa Credit Card
Deposit equals 90% of credit limit
Interest is earned on your money
Annual Fee is $40
Interest rate on card: 16.24%
$500 minimum deposit
$10,000 maximum deposit
Business Edition Secured Visa Card
www.businesseditionvisa.com
Deposit equals 100% of credit limit
Annual Fee: $39
Interest Rate on card: 18.24%
$2,000 minimum deposit
$100,000 maximum deposit
Capital One Bank
www.capitalone.com
Secured MasterCard
Deposits equals 100% of credit limit
No interest earned on your money
$200 minimum deposit
$3,000 maximum deposit
Citibank
www.citibank.com
Secured MasterCard
Deposit equals 100% of credit limit
No interest earned on your money
$300 minimum deposit
$25,000 maximum deposit
Discover Card
www.discovercard.com
Secured Discover card
Deposit equals 100% of credit limit
No interest earned on your money
$500 minimum deposit
$5,000 maximum deposit
First Premier Bank
www.firstpremiercard.com
Secured MasterCard
Deposits equal 100% of credit limit
No interest earned on your money
$200 minimum deposit
$3,000 maximum deposit
OpenSky Visa
www.openskyvisa.com
Secured Visa
Deposit equals 100% of your credit limit
No interest earned on your money
$200 minimum deposit
$3,000 maximum deposit
Wells Fargo
www.wellsfargo.com
Secured MasterCard
Deposit equals 100% of your credit limit
Interest is earned on your savings and/or CD account
Annual fee: $25 per card
Interest rate on card: 18.99%
$300 minimum deposit
$100,000 maximum deposit
Worth mentioning, during my research on secured credit cards, these banks and financial intuitions DO NOT offer a secured credit card, either personally or for your business.
American Express
www.americanexpress.com
Regions Bank
www.regionsbank.com
Secured credit cards are a unique product offered by banks and financial institutions for consumers but what most people DON'T know is that they are also available for businesses. This is an excellent tool to develop credit for your business. The process is rather simple as well. You place cash in a savings account or Certificate of Deposit with a bank and they provide you a credit card, loan, or line of credit equal to that amount. Its a good thing for the bank because they have your money up front so no matter what you charge on the credit card they issued you, they will never suffer a loss. For example, you go into a bank and open a savings account - IN YOUR BUSINESS NAME - with $5,000. Then, you ask the loan department to issue you one of their credit cards - IN YOUR BUSINESS NAME - for $5,000. The savings account is "frozen" meaning you cannot make withdrawals from it because it "secures" the line of credit the bank has extended you, which you will access via the Visa or MasterCard. Again, its a simple and easy process and allows you the opportunity to start building credit in your new business name.
If you have the cash, I strongly recommend that get with your bank and set up a "line of credit" in your business name. Make clear to your banker EXACTLY what your objectives are so you are both on the same page. Here's how this works. You can use as little as $5,000.00 but if you have the cash, I recommend starting with a minimum of $25,000.00 to $100,000.00. You open a certificate of deposit with your bank, and I recommend for a 5-year term. Only because the 5-year CD's are paying the highest interest rates on your money. Then, you tell your banker that you want to "secure" an equal amount ($25,000 to $100,000) as a "line of credit" under your business name. ALERT!!!! If they do not report to Experian Business Credit and/or Dunn & Bradstreet, then you are NOT interested in doing this with them. Remember, the sole purchase for doing this is to build credit in your business name.
The way business credit cards report to credit bureaus can be tricky. Reporting varies, depending on the bank and/or card issuer. Personal credit reports are different from business credit reports. If you have a business card, your business may have a credit report at one or more business credit bureaus. But, not all business credit cards report to business credit bureaus. To find out if a business credit card reports to a business credit bureau, ask the issuer BEFORE you apply. Capital One and American Express reports a business credit card to business credit bureaus.
Unfortunately, there aren't many issuers that offer secured business credit cards. This is why I always recommend to my clients to reach out to their bankers for assistance on this. They should be able to help you. If not, find a banker who will.
DISCLAIMER: Westwood Associates, LLC does not receive compensation from any of the card issuers or banks discussed in this post. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. All information posted on this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Westwood Associates, LLC does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, please visit each bank, credit union, or card issuer.
For additional information, please feel to reach out to me at allentmay@gmail.com or via mobile phone: (214) 893-2623.
Thursday, March 15, 2018
WHAT IS A BUSINESS LINE OF CREDIT?
WHAT IS A BUSINESS LINE OF CREDIT?
By: Allen T. May, C.E.O. of Westwood Associates, LLC
A small business line of credit has more in common with a small business credit card than with a small business loan. Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address any business expense that arises. Unlike a small business loan, however, there's no lump-sum disbursement made at account opening that requires a subsequent monthly payment. I advise my clients to opt for a business line of credit over a business credit card with a high credit limit. The reason is simple. The amount of interest charged on the balance coupled with the "cash advance fees" the credit card issuer will charge you.
Every small business needs to be able to adapt to change, especially in times of growth or uneven cash flow. When you need ready access to cash and flexible terms for repaying borrowed funds, an unsecured line of credit can often be the ideal solution. The #1 reason to open a business line of credit is to gain access to short-term funding. And by short-term funding, I am suggesting funding needs that are 30 days to 90 days. Most businesses use these funds to support financing for operational expenses like supplies & materials, payroll or for increasing needed inventory. Cyclical businesses often rely on an unsecured line of credit as a source of off-season working capital. THINK: Florists during Valentine's Day or Costume Rentals during Halloween. Unlike many small business loans, an unsecured line of credit is not designed for a specific purpose or purchase, such as a new delivery truck or copier.
If your small business needs to access cash fast, a business line of credit could be the solution you need. Many unsecured lines of credit come with a variable interest rate and are generally available for sums ranging from $10,000 to $100,000. For amounts greater than $100,000, you may be required to secure your line of credit with a blanket lien on your assets or a certificate of deposit. Be sure to research the specifics of any lender's business line of credit requirements. For example, many banks will require a business to have been under current ownership for some fixed about of time. Rates for a business line of credit tend to be lower than those for a business credit card, which can charge more than 20% APR for purchases and even more for cash advances, which is something I always recommend my clients to avoid at all costs.
A small business line of credit is subject to credit review and annual renewal, and is revolving, like a credit card. Interest begins to accumulate once you draw funds, and the amount you pay - except for interest - is again available to be borrowed as you pay down your balance. As with a credit card, the lender will set a limit on the amount you may borrow.
Other advantages of maintaining a line of credit in good standing may help build your business credit rating and position you for better loan terms if you seek future financing. As a management consultant, I suggest that first-time applicants should start with a modest line of credit and pay off the debt quickly as a way of building a credit profile. Keeping your small business fiances running smoothly can often be a challenge in today's fast-paced world. Depending on your specific business needs, a small business line of credit could be the simple solution you need to meet your goals for growth at a pace that's right for you.
For additional information on a small business loan and sources to obtain one, please feel free to reach out to me via email at allentmay@gmail.com or on my cellphone at: (214) 893-2623.
By: Allen T. May, C.E.O. of Westwood Associates, LLC
A small business line of credit has more in common with a small business credit card than with a small business loan. Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address any business expense that arises. Unlike a small business loan, however, there's no lump-sum disbursement made at account opening that requires a subsequent monthly payment. I advise my clients to opt for a business line of credit over a business credit card with a high credit limit. The reason is simple. The amount of interest charged on the balance coupled with the "cash advance fees" the credit card issuer will charge you.
Every small business needs to be able to adapt to change, especially in times of growth or uneven cash flow. When you need ready access to cash and flexible terms for repaying borrowed funds, an unsecured line of credit can often be the ideal solution. The #1 reason to open a business line of credit is to gain access to short-term funding. And by short-term funding, I am suggesting funding needs that are 30 days to 90 days. Most businesses use these funds to support financing for operational expenses like supplies & materials, payroll or for increasing needed inventory. Cyclical businesses often rely on an unsecured line of credit as a source of off-season working capital. THINK: Florists during Valentine's Day or Costume Rentals during Halloween. Unlike many small business loans, an unsecured line of credit is not designed for a specific purpose or purchase, such as a new delivery truck or copier.
If your small business needs to access cash fast, a business line of credit could be the solution you need. Many unsecured lines of credit come with a variable interest rate and are generally available for sums ranging from $10,000 to $100,000. For amounts greater than $100,000, you may be required to secure your line of credit with a blanket lien on your assets or a certificate of deposit. Be sure to research the specifics of any lender's business line of credit requirements. For example, many banks will require a business to have been under current ownership for some fixed about of time. Rates for a business line of credit tend to be lower than those for a business credit card, which can charge more than 20% APR for purchases and even more for cash advances, which is something I always recommend my clients to avoid at all costs.
A small business line of credit is subject to credit review and annual renewal, and is revolving, like a credit card. Interest begins to accumulate once you draw funds, and the amount you pay - except for interest - is again available to be borrowed as you pay down your balance. As with a credit card, the lender will set a limit on the amount you may borrow.
Other advantages of maintaining a line of credit in good standing may help build your business credit rating and position you for better loan terms if you seek future financing. As a management consultant, I suggest that first-time applicants should start with a modest line of credit and pay off the debt quickly as a way of building a credit profile. Keeping your small business fiances running smoothly can often be a challenge in today's fast-paced world. Depending on your specific business needs, a small business line of credit could be the simple solution you need to meet your goals for growth at a pace that's right for you.
For additional information on a small business loan and sources to obtain one, please feel free to reach out to me via email at allentmay@gmail.com or on my cellphone at: (214) 893-2623.
Monday, March 12, 2018
WHAT IS A TEXAS SHELF COMPANY?
WHAT IS A TEXAS SHELF COMPANY?
By: Allen T May, C.E.O. of Westwood Associates, LLC
There is a huge difference between a shelf company domiciled in Deleware, Wyoming or Nevada when compared to one in Texas. For starters, our client base is in Texas. So, it makes good business sense for a Texas based, Texas owned business to have a Texas LLC or Texas Corporate charter. In doing so, you aleviate the need and state law requirements from those other states to file in their state, annual tax reports and pay annual forgeign tax fees. Texas is a great state to do business in. Why do you think so many businesses are moving HERE to TEXAS instead of remaining in their high-corporate taxed and over regulated home states? The answer is simple. Texas is governed to be a business friendly state. No income tax. Less regulations than most other states. Friendly folks here doesn't hurt either.
So what is a Texas Shelf Company? First, let me explain what an aged company is. A "shelf company" which is also known as a "shelf LLC" or "shelf corporation" is a legal entity that has been filed with the Secretary of State on a prior date and then simply placed on a shelf to "age." As an entrepreneur, you can acquire an existing company rather than a new one that you just established a few days ago. Hence, you build instant credibility because you are several years old as opposed to several days old. In doing so, you get immediate corporate history, in a prompt, easy and legal manner. We can transfer any one of our Texas Shelf Companies into your name or other arrangements, in under 24 hours. We maintain a list of pre-filed Texas Shelf Companies that you can acquire today! All entities are in good standing with the State of Texas through annual maintenance on our end. All of our shelf companies were created by Westwood Associates, LLC and have remained in our custody since inception.
We do not, under any circumstances, offer shelf companies that were formed by another party, through revival process, have been reinstated through the State's Corporation Section, or by any other means. This ensures that our clients are acquiring a shelf company that is guaranteed to have never transacted any business, has no debt or liens filed against it. Our clients find comfort in knowing that a shelf company offered by Westwood Associates, LLC is "clean" and has no business or tax history, in the absence of the annual State documents required for filing to maintain its good standing.
For additional information on a Texas Shelf Company, please reach out to me via email at allentmay@gmail.com.
Tuesday, March 6, 2018
SINGLE - MEMBER LLC
TITLE:
SINGLE-MEMBER LLC
----------------------------------------------------
By: Allen T. May, C.E.O. of Westwood Associates, LLC
2018 is proving to be a fantastic year for entrepreneurs! There has and continues to be tremendous talk on the federal incomes tax benefits the Republicans recently passed with regard to the Single-Member LLC. Its a great time in Texas to be the sole owner of a small business. Remember, we don't have state income taxes which is the envy of most other state's citizens. Or, as I like to call them, "Soon to be Texans." With President Trump's new lower tax plan, changes in business laws, and a growing economy, operating your single-owner business as a Single-Member LLC makes it easier and more attractive than ever to pursue your dreams as an entrepreneur.
Single-Member LLCs are LLCs with just one owner - YOU - yet they have the same desirable features as the multi-member LLC, such as what I have with Westwood Associates, LLC. For the sole-proprietor, operating as an LLC makes the business appear more grounded, reliable and established. What entrepreneur doesn't want that? Think of the prestige a business enjoys from being an LLC as opposed to a dba (doing business as) sole- proprietor. Other businesses will perceive you as being more committed to your business. Banks and financial institutions will loan money to your business. Contacts will be awarded to your business. Make no mistake. The entrepreneur who owns a sole-proprietorship for a growing and respectable roofing company that attempts to bid on a contract for his local school district or state department will be DENIED the privilege to bid. Why? Because he's a sole-proprietorship and NOT another legal entity, such as an LLC or c-corp.
As an entrepreneur, if you're the sole-owner of a small business and you choose not to give it any legal structure such as an LLC, c-corp or s-corp, then your business will be considered a "sole-proprietorship by default. At the end of the day, what does this mean for you? First and foremost: Good luck on getting lines of business credit and you can forget about most contracts. As a sole-proprietorship, your small business isn't considered legally separate from YOU. Hence, you personally are liable for all debts, injuries and damages caused by your business and its employees. By contrast, if you organize your sole-proprietorship as a Single-Member LLC, you generally will not have personal liability for debts, injuries, or damages caused by your business.
By default, the IRS will treat your newly formed Single-Member LLC as what it calls a "disregarded entity" a strange play on words, but the IRS will not look at your Single-Member LLC as "an entity separate from yourself" for the purpose of filing federal tax returns. Instead, just as it would a sole-proprietorship, the IRS will disregard your Single-Member LLC, and you'll pay taxes for the business as part of your own personal tax return, more commonly known as the IRS Form 1040, with the supporting Schedule C. Hence, because responsibility for paying federal income tax on a Single-Member LLC classified as a "disregarded entity" passes thru the Single-Member LLC business profits are called "pass-through taxation." For a very clear understanding of "disregarded entity" and "pass-through taxation" I encourage you to reach out to your licensed certified public accountant.
The bottom line is, if you don't establish your sole-proprietorship as a Single-Member LLC and instead keep it as a sole-proprietorship, you'll still have to pay federal taxes on business income (see IRS form Schedule C); still have to pay social security payroll taxes (15.3%)(see IRS form Schedule SE); quarterly and annual reports on your employees' earnings (see IRS form 940 and 941); quarterly reports with the Texas Workforce Commission; maintain records for the business, and do just about everything thing else you would have to do if the business were a Single-Member LLC. The most significant difference, of course, is that you leave yourself wide open to personal liability.
For additional information on Single-Member LLCs, please feel free to reach out to me via email at: allentmay@gmail.com or via cell phone: (214) 893-2623.
************************
SINGLE-MEMBER LLC
----------------------------------------------------
By: Allen T. May, C.E.O. of Westwood Associates, LLC
2018 is proving to be a fantastic year for entrepreneurs! There has and continues to be tremendous talk on the federal incomes tax benefits the Republicans recently passed with regard to the Single-Member LLC. Its a great time in Texas to be the sole owner of a small business. Remember, we don't have state income taxes which is the envy of most other state's citizens. Or, as I like to call them, "Soon to be Texans." With President Trump's new lower tax plan, changes in business laws, and a growing economy, operating your single-owner business as a Single-Member LLC makes it easier and more attractive than ever to pursue your dreams as an entrepreneur.
Single-Member LLCs are LLCs with just one owner - YOU - yet they have the same desirable features as the multi-member LLC, such as what I have with Westwood Associates, LLC. For the sole-proprietor, operating as an LLC makes the business appear more grounded, reliable and established. What entrepreneur doesn't want that? Think of the prestige a business enjoys from being an LLC as opposed to a dba (doing business as) sole- proprietor. Other businesses will perceive you as being more committed to your business. Banks and financial institutions will loan money to your business. Contacts will be awarded to your business. Make no mistake. The entrepreneur who owns a sole-proprietorship for a growing and respectable roofing company that attempts to bid on a contract for his local school district or state department will be DENIED the privilege to bid. Why? Because he's a sole-proprietorship and NOT another legal entity, such as an LLC or c-corp.
As an entrepreneur, if you're the sole-owner of a small business and you choose not to give it any legal structure such as an LLC, c-corp or s-corp, then your business will be considered a "sole-proprietorship by default. At the end of the day, what does this mean for you? First and foremost: Good luck on getting lines of business credit and you can forget about most contracts. As a sole-proprietorship, your small business isn't considered legally separate from YOU. Hence, you personally are liable for all debts, injuries and damages caused by your business and its employees. By contrast, if you organize your sole-proprietorship as a Single-Member LLC, you generally will not have personal liability for debts, injuries, or damages caused by your business.
By default, the IRS will treat your newly formed Single-Member LLC as what it calls a "disregarded entity" a strange play on words, but the IRS will not look at your Single-Member LLC as "an entity separate from yourself" for the purpose of filing federal tax returns. Instead, just as it would a sole-proprietorship, the IRS will disregard your Single-Member LLC, and you'll pay taxes for the business as part of your own personal tax return, more commonly known as the IRS Form 1040, with the supporting Schedule C. Hence, because responsibility for paying federal income tax on a Single-Member LLC classified as a "disregarded entity" passes thru the Single-Member LLC business profits are called "pass-through taxation." For a very clear understanding of "disregarded entity" and "pass-through taxation" I encourage you to reach out to your licensed certified public accountant.
The bottom line is, if you don't establish your sole-proprietorship as a Single-Member LLC and instead keep it as a sole-proprietorship, you'll still have to pay federal taxes on business income (see IRS form Schedule C); still have to pay social security payroll taxes (15.3%)(see IRS form Schedule SE); quarterly and annual reports on your employees' earnings (see IRS form 940 and 941); quarterly reports with the Texas Workforce Commission; maintain records for the business, and do just about everything thing else you would have to do if the business were a Single-Member LLC. The most significant difference, of course, is that you leave yourself wide open to personal liability.
For additional information on Single-Member LLCs, please feel free to reach out to me via email at: allentmay@gmail.com or via cell phone: (214) 893-2623.
************************
Texas Shelf Companies Inventory As Of March 2018
TITLE:
TEXAS SHELF COMPANIES INVENTORY AS OF MARCH 2018
-------------------------------------------------------------
By: Allen T. May, C.E.O. of Westwood Associates, LLC.
Effective March 2018, Westwood Associates, LLC has the following Texas Shelf Companies inventory on hand. The below listed Texas Limited Liability Companies and Texas Corporations are currently sitting on the "shelf" aging. These entities will be made available for sale starting March 1st, 2020. In the ad interim, Westwood Associates, LLC will maintain all annual Texas Franchise Tax Public Information Reports and annual Franchise Tax Reports. These entities will remain in our custody until they are "aged" for a minimum of 3-calendar years. The registered agent for these Texas Shelf Companies is:
> REGISTERED AGENT:
Westwood Associates, LLC
3838 Oak Lawn Ave., Suite 1000
Dallas, Texas 75219
(214) 304-2210
> TEXAS LIMITED LIABILITY COMPANIES:
Bear Mountain Operating, LLC
Formed: July 26, 2017
Texas ID# 32-064449583
SOS# 0802781533
Beavercreek Contractors, LLC
Formed: June 12, 2017
Texas ID# 32-064146031
SOS# 0802754330
Bentwood Consulting, LLC
Formed: July 26, 2017
Texas ID# 32-064449542
SOS# 0802781542
Bishop Resources, LLC
Formed: May 10, 2017
Texas ID# 32-063807617
SOS# 0802727883
Black Hawk Remodeling, LLC
Formed: June 12, 2017
Texas ID# 32-064146059
SOS# 0802754325
Blackstone Consulting LLC
Formed: May 10, 2017
Texas ID# 32-063808227
SOS# 0802727594
Blackwood Design Group, LLC
Formed: September 5, 2017
Texas ID# 32-064778619
SOS# 0802809444
Blackwood General Contractors, LLC
Formed: June 12, 2017
Texas ID# 32-064145959
SOS# 0802754345
Blue Mesa Holdings, LLC
Formed: June 21, 2017
Texas ID# 32-064146007
SOS# 0802754336
Blue Ridge Construction, LLC
Formed: September 5, 2017
Texas ID# 32-064778585
SOS# 0802809447
Burchfield Construction, LLC
Formed: June 7, 2017
Texas ID# 32-064053955
SOS# 0802746830
Newport Solutions LLC
Formed: July 26, 2017
Texas ID# 32-064449567
SOS# 0802781537
Northgate Contractors, LLC
Formed: May 10, 2017
Texas ID# 32-06387724
SOS# 0802727827
> TEXAS SHELF CORPORATIONS:
Blackwood Resources, Inc.
Formed: March 27, 2017
Texas ID# 32-063336823
SOS# 0802689334
Brookfield Contractors, Inc.
Formed: April 17, 2017
Texas ID# 32-063505971
SOS# 0820702606
Brookfield Energy Corporation
Formed: March 27, 2017
Texas ID# 32-063336880
SOS# 0802689322
Diamondback Construction, Inc.
Formed: March 28, 2017
Texas ID# 32-063350055
SOS# 0802690528
During the calendar year of 2018, we will creating an additional (100) Texas Shelf Companies to add to our inventory. I will post these in groups as they are created with the State of Texas.
Should you have any questions, please feel free to reach out to me via email at: allentmay@gmail.com
********************
TEXAS SHELF COMPANIES INVENTORY AS OF MARCH 2018
-------------------------------------------------------------
By: Allen T. May, C.E.O. of Westwood Associates, LLC.
Effective March 2018, Westwood Associates, LLC has the following Texas Shelf Companies inventory on hand. The below listed Texas Limited Liability Companies and Texas Corporations are currently sitting on the "shelf" aging. These entities will be made available for sale starting March 1st, 2020. In the ad interim, Westwood Associates, LLC will maintain all annual Texas Franchise Tax Public Information Reports and annual Franchise Tax Reports. These entities will remain in our custody until they are "aged" for a minimum of 3-calendar years. The registered agent for these Texas Shelf Companies is:
> REGISTERED AGENT:
Westwood Associates, LLC
3838 Oak Lawn Ave., Suite 1000
Dallas, Texas 75219
(214) 304-2210
> TEXAS LIMITED LIABILITY COMPANIES:
Bear Mountain Operating, LLC
Formed: July 26, 2017
Texas ID# 32-064449583
SOS# 0802781533
Beavercreek Contractors, LLC
Formed: June 12, 2017
Texas ID# 32-064146031
SOS# 0802754330
Bentwood Consulting, LLC
Formed: July 26, 2017
Texas ID# 32-064449542
SOS# 0802781542
Bishop Resources, LLC
Formed: May 10, 2017
Texas ID# 32-063807617
SOS# 0802727883
Black Hawk Remodeling, LLC
Formed: June 12, 2017
Texas ID# 32-064146059
SOS# 0802754325
Blackstone Consulting LLC
Formed: May 10, 2017
Texas ID# 32-063808227
SOS# 0802727594
Blackwood Design Group, LLC
Formed: September 5, 2017
Texas ID# 32-064778619
SOS# 0802809444
Blackwood General Contractors, LLC
Formed: June 12, 2017
Texas ID# 32-064145959
SOS# 0802754345
Blue Mesa Holdings, LLC
Formed: June 21, 2017
Texas ID# 32-064146007
SOS# 0802754336
Blue Ridge Construction, LLC
Formed: September 5, 2017
Texas ID# 32-064778585
SOS# 0802809447
Burchfield Construction, LLC
Formed: June 7, 2017
Texas ID# 32-064053955
SOS# 0802746830
Newport Solutions LLC
Formed: July 26, 2017
Texas ID# 32-064449567
SOS# 0802781537
Northgate Contractors, LLC
Formed: May 10, 2017
Texas ID# 32-06387724
SOS# 0802727827
> TEXAS SHELF CORPORATIONS:
Blackwood Resources, Inc.
Formed: March 27, 2017
Texas ID# 32-063336823
SOS# 0802689334
Brookfield Contractors, Inc.
Formed: April 17, 2017
Texas ID# 32-063505971
SOS# 0820702606
Brookfield Energy Corporation
Formed: March 27, 2017
Texas ID# 32-063336880
SOS# 0802689322
Diamondback Construction, Inc.
Formed: March 28, 2017
Texas ID# 32-063350055
SOS# 0802690528
During the calendar year of 2018, we will creating an additional (100) Texas Shelf Companies to add to our inventory. I will post these in groups as they are created with the State of Texas.
Should you have any questions, please feel free to reach out to me via email at: allentmay@gmail.com
********************
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TEXAS MEMBER-MANAGED LLC By: Allen T May, C.E.O. of Westwood Associates, LLC. If you don't specify how you want your LLC managed in yo...
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TITLE: TEXAS SHELF COMPANIES INVENTORY AS OF MARCH 2018 ------------------------------------------------------------- By: Allen T. Ma...
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WHAT IS A TEXAS SHELF COMPANY? By: Allen T May, C.E.O. of Westwood Associates, LLC There is a huge difference between a shelf company domi...