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What are Seasoned Corporations?

Seasoned corporations are companies that have been registered and then set aside to age. Typically, shelf corporations have never conducted business activities, have no debts or liabilities, and have no bank accounts. After these corporations are allowed to age, they are sold to individuals interested in owning an established company with a clean history.

The benefits of purchasing a shelf corporation include:

  • Business History - You get a company with already established history.
  • Credibility - A company with a history is more likely to be selected as a business partner and have more credibility with lenders and suppliers
  • Business Image - Business image always improves with the age of your company.
  • Bank Loans - Banks look favorably upon your company if it has a clean history.
  • Contracts - Bids on contracts often require a company to be of a minimum age.
  • Government tenders - Some government contracts are only available to companies that have been in operation for a certain number of years
  • Creditworthiness - Business credit and financing is easier to obtain for older companies.
  • Faster Launch - Your company is ready to go if you need to begin your business quickly. You can avoid the hassle of registering your new business from the beginning.
  • Clients Acquisition - Clients trust a company that has been in business for a number of years.
  • Trade Credit - It is easier to obtain trade credit from your suppliers when you can show that you have been in business for a number of years.
  • Prestige - Usually, the older the company, the higher it's standing in the business community

Please beware of companies that offer your shelf corporations with bank accounts and credit lines. The nature of shelf corporation is to be clean and purchasing a corporation with existing activities may put you in danger for unpaid taxes and other legal issues.

Here at Business Development Centre, all our shelf corporations are in good standing with no debts, liabilities, or defaults, and you can perform due diligence searches to confirm that.

If you wish to buy a seasoned corporation, please contact us with your requirements.


     

     

 
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