A shelf company is a company that is already registered but has never traded or conducted business and holds no assets or liabilities. Essentially, the company is registered to sit on a ‘shelf’, waiting for a someone to buy it. Buying a shelf company used to be the best way to quickly acquire a company without going through the time-consuming procedure of a registering a new one.
However, registering a company is now a lot faster and more cost-effective than purchasing and changing a shelf company. As a result, shelf companies are very rapidly becoming a thing of the past. This article explains why.
is a corporation that’s formed and then “put on a shelf” where it will age for several years.