A shelf company is a business which is built several years before to possess money and handle other company’s monitory transactions. Different from conventional firms, shelf companies do not hire employees and they are not involved in business activities. Shelf corporations neither make money nor give clients with the services or products. Actually, the only usual business activity that shelf corporations perform is in managing the record of assets they possess.

Selecting your shelf corporation: the procedure of purchasing a shelf corporation begins with seeing the list of shelf corps for sale. For instance, you may wish to select your shelf corporation on its incorporation date. Please keep in mind that older company tend to cost more compared to the new company. Also, you may select your corporation according to its name. but, don’t worry if you are unable to get a company with your preferred name. this is as you can change the name of the company later.

Negotiating with the vendor: there are several corporations that sell companies with the terms of extra services. You can simply bargain with the seller of the company for the addition of more value-added services. A few sellers can give you the service of company name change without any cost or help with bank account opening. At the time of the bargain, many sellers also make sure that there are no liabilities or debts gained by the shelf corporation in question.

Signing the transfer contract: an agreement will be created for transferring the shelf company ownership from its current owner to you. When you sign the agreement of shelf corps for sale, all the shares of the corporation will be transferred on your name. Then the new shareholders will become the new holders of the shelf corporation.

Final Word: Technically, shelf companies are legit companies. People establish shelf companies to handle assets without showing the identities of their existing owners. For approximately a thousand dollars, almost everyone can go to the web and discover a corporation to aid them to establish their business. That might be helpful for some people, like people who live or work outside of their country.