When you start to look at different shells to purchase you will receive a Corporate Shell Profile that will list all of the pertinent data of the Shell. What is most important in your search is that you locate a “clean shell”. A clean shell is one that can be delivered free of any liabilities, including debt, pending litigation, etc. I have provided an example below of what a clean shell for your review.
This is a perfect example of what information the Seller of a clean shell should provide to the Buyer. The Seller is delivering 99.8% of the outstanding shares and there are 1,632, 450 free trading shares that are part of the deliverable shares. A shell of this caliber will go for between $700K and $850K. There are no outstanding liabilities and all of the companies SEC filings are up to date. The company has 120 shareholders and the Transfer Agent can deliver a shareholder list to the Buyer as part of the due diligence process.
This is just the first step in the due diligence process of purchasing a shell. I will address other areas of due diligence in Part 5 of my series “How to Buy an OTCBB Shell.”
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