Shelf Company

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A shelf company is an LLC or Inc., which is established mainly by entrepreneurs for the purpose of avoiding the cost and risks associated with a new company. Also shelf companies are commonly used as a vehicle to purchase other companies quietly. A shelf company is usually a company by name only and holds no real assets or form of operations in a since its just hibernating. Advantages of a shelf company: ? Fast transfer (usually faster within 48 hours, in some cases) ? No time-consuming foundation audits (especially in AG) ? Significantly reduced liability risk ?Simple procedure ? Acquisition of existing bank possible