www.shelfcompanyproviders.com.au

Are you looking for Shelf Company in Australia?

People usually get confused with the term ‘Shelf company’ and think them to be new company. Words like ‘shelf company’, ‘New Company’ are used interchangeably. It is, therefore, necessary, to understand the term ‘shelf company’

So, what does the term 'shelf company' mean in Australia?

A shelf company is a company that has not traded and historically has had no activity.

Back in the 'good old days', it took months to register a company in Australia. Sometimes, people needed a new company straight away. So, Solicitors, Accountants and shelf company providers would register companies with ASIC and leave them sitting 'on the shelf' ready for their clients to buy. Whenever a client wanted a company immediately, the shelf company provider would take one of the shelf companies 'off the shelf' and sell it to the client.

Buying shelf companies requires some formalities to be done which involves change of company name, change of Directors and Members of the company, change of registered office address and Principal place of business address.

Are shelf companies still prevalent?

Nowadays, you can form a company in a few minutes. So people usually register a new company instead of buying a shelf company. Registering a new company involves less paper work; registration is fast and is also cost effective.

Reasons why shelf companies are still bought?

People still buy shelf companies to reflect any older transactions such as:

• To bid on contracts which require that a company should be in business for a particular period.
• To gain access to corporate credit.
• To present corporate longevity in order to attract investors or consumers.

Where to buy shelf companies?

There are many shelf company providers in Australia. We have provided you here link of one of the most trusted shelf companies’ provider’s website. You can check the shelf company details which are available for immediate sale and date of registration of these companies on their website. They would complete all the formalities for transfer of company ownership in the name of prospective buyer along with filing of forms with ASIC. They also provide hard copies of all the relevant documents for your record.

So, unleash your journey into the corporate world now.