Shelf companies are a great help when you want to start up a company without having to go through all the procedures of creating a new one. A shelf corporation, shelf company, or aged corporation, is a company or corporation that has had no activity since it’s creation.
Common reasons for buying a shelf corporation include:
- To save the time involved in taking the steps to create a new corporation.
- To gain the opportunity to bid on contracts (some jurisdictions require that a company be in business for a certain length of time to have this ability).
- To show corporate longevity in order to attract consumers or investors.
- To gain access to corporate credit.