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Off-the-shelf Companies
Off the shelf companies are corporate entities that have been established for an undetermined third party by a provider, who holds the company until a purchaser is found
Shelf Companies
Off the shelf companies are corporate entities that have been established for an undetermined third party by a provider, who holds the company until a purchaser is found. Post transaction, the ownership of the company transfers from the provider to the third party, who then commences trading activity under the company name. The benefits of purchasing an off the shelf company includes:
- To the time it would take to create a new corporation
- To allow contract bidding (some jurisdictions require a fixed business age to allow this functionality
- To create the appearance of corporate longevity
- To access investment capital
- To access credit