An aged corporation is a business entity that has been registered with the state for a considerable amount of time but has not conducted any business activities or operations. It is also commonly referred to as a shelf corporation or a dormant company.
The primary purpose of an aged corporation is to establish a business entity with a history of registration and compliance, which can be used for various purposes such as obtaining loans, establishing business credit, or bidding on contracts that require a minimum age requirement.
An aged corporation may be purchased by individuals or companies who wish to take advantage of its established history, rather than forming a new corporation from scratch. These corporations may be more attractive to lenders or investors due to their longer history of compliance and potential for a better credit rating.
It's important to note that an aged corporation does not necessarily have any assets, employees, or ongoing business activities, and its value is primarily based on its age and potential for future business activities.