Beverly Hills, CA (PressExposure) June 05, 2008 -- In todayâs edition of the Las Vegas Sun news journalist Abigail Goldman wrote an article about corporate identity theft and featured business credit expert Dr. Richard M. Krawczyk. With the advent of the Internet, the subject of corporate identity theft is becoming more prominent.
So while Dr. Krawczyk wasnât looking, someone stole his company from under his nose. A simple switch-a-roo put a new name on the thing, and it was sold to somebody else. Krawczyk is all too familiar with this scam, being on the legitimate side of the same business for 15 years. He just never thought it would happen to him.
The odd thing is that Dr. Krawczyk is one of the largest legitimate providers of shelf corporations in the country, yet he was still a victim of corporate identity theft. A shelf corporation â or aged corporation â is a corporation that is formed and sits on a shelf for several years. Like a fine bottle of wine, these corporations become more valuable the more they are aged.
âMany business owners purchase shelf corporations to add immediate corporate history to their company,â stated Dr. Krawczyk. âAssuming there are properly structured, these new owners of shelf corporations can immediately raise hundreds of thousands of dollars for working capital for their business through our preferred list of banks. The problem is that many of the shelf corporations sold on the Internet are bogus.â
If acquired and transferred properly, the use of a shelf corporation can be used as a wonderful way of acquiring much needed capital for business owners.
To read Abigail Goldmanâs article in the Las Vegas Sun, go to http://www.lasvegassun.com/news/2008/jun/02/own-business-be-vigilant-thieves-are-lurking/
To view a video on how to use shelf corporations to raise money for your business, go to [http://www.BusinessCreditAtHyperspeed.com]
For general information on business credit, go to [http://www.BusinessCreditSecrets.com]
To get more information of Dr. Richard M. Krawczyk, go to http://www.FinancialFitnessTips.com
Business Credit Expert Available for Comment: Dr. Richard M. Krawczyk is also available for comment. Krawczyk is a respected Los Angeles writer, public speaker, and consultant with experience in personal finance, consumer and business credit. Dr. Richard can offer your audience advice on all areas of personal finance including: stock market, investing, consumer credit, business credit, budgeting, consumer debt, insurance, real estate investing and retirement planning.
Dr. Richard founded the Richard M. Krawczyk Organization (RMKO) - a membership-based company that teaches wealth education to individuals from all income levels. RMKO is one of the fastest growing companies of its kind in America. To review some of Dr. Richard's media hits, you can visit his website http://www.FinancialFitnessTips.com.
He was featured in the movie Pass It On (2007) â one of the follow-up movies to The Secret.
Dr. Richard is a celebrity personal finance expert has been seen in publications such as Investorâs Business Daily, In Touch Weekly Magazine and E! Online (part of E! Entertainment). He is the former television host of Consumer Credit in the 80's.