During the ‘good old days’, it took a while to produce (or incorporate) an organization. Yet, people often needed a new company ASAP, so providers of company registration services would pre-create companies and also have them ‘sitting about the shelf’, ready available for sale when required.
Someone wanting to develop a company fast could acquire one of such off-the-shelf companies (or shelf companies because they are typically termed) quickly. All of that was required for a customer to buy a shelf company was for your provider to transfer the shelf company’s shares towards the buyer, and policy for the resignation of the directors from the original shelf company, who would be replaced by the new directors (the purchaser or their nominated agent/s). Sometimes, the shelf company name would be changed from the buyer.
Together with the advent of high-tech company registration services like Cleardocs, it’s not longer important to wait very long time periods to generate a new company, and so the shelf company business has died down considerably. It also means that there exists less administrative hassle and expense in the coming of a fresh company (compared to buying a shelf company) because you don’t have to change directors, possibly alter the name with the company, transfer shares and pay stamp duty on the shares tranfer.
There are shelf companies Australia to starting a shelf company. The most frequent the first is which they often can encourage lenders to offer funding on your new company. You should use that date that this shelf company was started as the date from the business. Currently it can be more difficult to obtain home based business credit due to poor economy. So businesses need all the help they could possibly get.
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