Buying Shelf or Aged Corporations?

Question

I see websites selling these 10- 15 yr aged corporations, some with bank accounts some with Paydex/ DUNS of 80 . Where do these websites get those aged corporations to sell? Is there a way to go around them to get those corporations that their selling without having to pay the middleman?

Answer 1

A shelf company is a legal entity incorporation with the sole intention to be sold a few years later for this purpose. The "middleman" did incorporate them and have incurred the costs to keep them "alive" during these years.

Their benefits are small but if you need a corporation very quickly they might be advantageous. Do not believe a shelf company comes with a credit history. A credit history is based on past previous business relationships and shelf companies do not have that.

The new owner of a shelf corporation is responsible for all obligations the corporation has accepted in the past, so be sure to buy it only from a reputable "middleman" (and only use virgin shelf corporations)