Shelf Corps: A Popular Choice for Entrepreneurs
Entrepreneurs often face numerous challenges when starting a new business. One common hurdle is establishing a solid corporate history, which can be critical for building credibility and trust with clients, investors, and banks. This is where Shelf Corps come into play. These ready-made companies are gaining traction as a popular choice for entrepreneurs looking to kickstart their business with a pre-existing legal entity. What is a Shelf Corp? A Shelf Corp is a company that has been formed and registered but has not been actively used. Essentially, it is a "pre-made" corporation that sits on a shelf, waiting to be sold to someone who needs it. These companies are already in existence, with an established legal history, which can help entrepreneurs bypass the process of setting up a new corporation from scratch. Why Are Shelf Corps Popular? Why would an entrepreneur choose a Shelf Corp over starting a business from the ground up? One of the primary reasons is time....