Top 5 Benefits of Shelf Companies

Setting up a company can be costly and time-consuming, especially for new entrepreneurs. Registering your company in British Columbia is not easy. You have to follow a legal procedure that may take 3-4 months to complete. Moreover, the age of your company affects your business and potential business associates such as buyers, creditors, suppliers, etc.

Here is where the shelf companies come into play. A shelf company is itself a registered company, but it was never active and conducted business. So, it doesn’t hold any assets or liabilities. These companies are registered to sit on a ‘shelf,’ waiting for someone to buy it. Not only it allows entrepreneurs to start their business immediately but also offers quick access to third-party equity and corporate debt financing without establishing a business credit profile.

So, if you are searching for the best shelf company for sale in British Columbia, you can find many options. Here are a few benefits of buying a shelf company.

Why invest in shelf companies?

Saves time: Registration of a company can take 4-5 months to complete & you may have to wait to start your business. However, shelf companies are already registered & changing the officer details is the only requirement. It only takes a few hours. So, you can just kickstart your business immediately and spend that time focusing on your business tasks.

Aging of companies: Every business, regardless of its type and size, requires clients. And researches show that clients prefer the companies who can show noteworthy experience in their relevant field. So, a shelf company helps companies to show their clients that the company has been around for a long time, giving the clients the confidence to invest in your business.

Easy bank loans and credit cards: Banking is crucial for running your company. Any company must have a business bank account with good credit history to create its professional image in the market and apply for a loan. However, new companies do not have a good credit history, making it difficult to obtain loans. So, by buying a shelf company with a bank account in Canada, you can make it easier for you to obtain bank loans and credit cards.

Gain new contracts and investors: It can be challenging to gain trust from investors, especially for new ventures. Several investors prefer to invest in a company that has been registered for a certain amount of time. So, a shelf company with a history can help new ventures to find good investors and contracts.

Availability in other countries: Establishing or expanding your business overseas can be difficult. Moreover, each country has a different tax system. An offshore shelf company for sale has already completed the documentation process. All you need to do is market your products and services and start trading. Not only will this save your time but also give you an edge over the competitors looking to venture into the same business.

The Bottom Line

Buying a shelf company can benefit those who don’t have time to spend on the registration process and are seeking ways to start their business quickly. However, before you go ahead, it is necessary to identify whether a shelf company is like all other companies or not. So, make sure that the shelf company possesses the following characteristics:

• Doesn’t have any past transaction record

• Doesn’t hold any assets or liabilities of its own

• Is registered by following all the legal procedures and has all the legal documents

If you are searching for the best shelf company for sale, BCShelfCo.com can help you. For more information, explore our website now.

My name is Ranny Watson. I'm a professional Digital Marketing Expert.