Anyone know shelf corporations pros vs. cons.?

Question

seen advertisements for these types of businesses, seeking feedback, are they legal? Thanks

Answer 1

They are easier and quicker to get a business going, but they cost a little extra. Basically somebody has already done all the paperwork to set up a company so you don't have to do it. I did mine myself and it wasn't particularly hard (Australia), but I only have myself as a owner and director. It's a bit more complicated if you have several directors/owners, in that case I would buy a shelf company.

Answer 2

Shelf corporations are used only when you need to incorporate on a very short deadline. They are just regular corporation but have already been registered with the state. You will pay extra for shelf corporation.