Potential Drawbacks of Using a Shelf Corporation

When someone buys a shelf corporation, they typically gain a company that has been legally registered for a certain number of years. One of the primary benefits is that the corporation has a history, which can increase trustworthiness in the eyes of potential investors, lenders, or clients. This can be especially beneficial for entrepreneurs who want to establish a professional reputation quickly. Another advantage is the ability to begin operations immediately, without waiting for the lengthy process of creating a new business entity from scratch. With an already established corporation, you can start applying for business loans, contracts, and partnerships right away.

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