There are many reasons as to why somebody may want to purchase a Shelf (or Ready Made) company rather than forming a brand new company. Here are the most popular reasons for purchasing a Shelf Company:
The process is quick and easy with a company number available straight away. Changing particular details on a company can be a lot quicker than starting from scratch and the processing times are generally quicker too.
Feel confident that the company has been set up correctly as it would have been done by an expert in company formations.
This can boost investor or consumer confidence. Some jurisdictions actually require that a company be in business for a certain length of time before signing contracts.
It has been psychologically proven that most people will have more faith and trust in a business that appears to have been running longer than a brand new company.
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