Are you planning to open a new business and become a business owner? If so, you might have pondered over whether you should start from scratch and register a new company or get a shelf corporation instead. A shelf corporation is an aged corporation that has a history of longevity which adds to its credibility. Shelf Corporations are a good choice for entrepreneurs who don’t want to waste their time in the lengthy incorporation process.

If you are unsure about what’s better, do not worry! Here we have compared a new company with a shelf corporation with a list of pros and cons to make it easier for you to decide.

1. Save time 

When starting a business from the scratch, you will need to take care of the lengthy incorporation process and other important formalities as well. This can take months, and if you are planning to start a company urgently, a new company might not be the best option for you. By purchasing a shelf corporation, you can skip the lengthy incorporation process, save your time and devote it to other important tasks. You won’t have to worry much and go through a hassle-free experience with a shelf corporation.

2. Builds trust 

Lenders are more likely to trust a company that has had a significant history of establishment than a brand-new company. Most lenders require businesses to be at least 2 years old to trust them with repayment. Shelf companies give an impression of longevity and experience. Lenders consider an aged company a more credible investment than a newly registered company. Moreover, your clients are also more likely to trust your products and services if the business shows experience and professionalism.

3. Crafted professionally 

You can choose a shelf corporation that suits your business needs and wants. Unlike with a new company, you will not have to spend time researching or worrying about building an establishment that is perfect for your business. Shelf corporations are professionally crafted and, you can rest assured that your business wants and needs will be met.

4. Can easily obtain government tenders and acquire funds 

You will be surprised to know that the age of the company plays a major role when it comes to corporate banking relationships or business contracts. Most of the time, distributors, government agencies, and manufacturers will usually require a company to be in business for a certain amount of time before accepting government tenders. A brand-new company will hardly stand any chance in acquiring government tenders or easy funds.

To conclude, a shelf corporation is a much better choice than a brand-new company. A shelf corporation will save your time, help in building trust and reliability in front of lenders and other businesses, and give your company a professional image. An aged company showcases industry experience and it is more likely for clients to have faith in an aged company than a shelf corporation. So why wait? Contact Shelf Corp Giant and get your professionally crafted shelf corporation and get your business off the ground!