Establishing a New Business
Starting a new corporation offers you a clean slate. It allows you to tailor the company according to your vision from the ground up. Here’s why you might consider this route:
- Customization. Tailor every aspect of your corporation to fit your specific needs.
- Control. From board members to company policies, you have complete control from day one. –
- Clarity. There are no past activities or decisions to unravel, ensuring a straightforward start.
- Lower Cost Of Incorporation. The cost of incorporation is usually lower than purchasing an established shelf corporation. The purchase of a shelf company usually depends on the length of its corporate history. The older a shelf corporation is, the higher the purchase price is. This feature is primarily due to the annual fees and costs paid over time by the seller of the shelf corporation.
Starting a Business by Purchasing an Existing Shelf Corporation
A “shelf“ company is a pre-registered corporation with no activity, pending litigation, or outstanding liabilities. Opting for a shelf company can be advantageous for several reasons:
- Time-Efficient: Bypass the time-consuming process of establishing a new incorporation.
- Established History: Shelf corporations which have more than one year history of existence, are likely to ease the creation of business credit and business relationships.
- No Unknown Liabilities. We ensure that our shelf companies have a clean slate with no hidden surprises.