In this article, we’re taking a look at the idea of buying an aged shell corp.
We’ll discuss what aged shells are, how they differ from shelf companies, and why you might want to consider purchasing one.
Of course, if you want to learn more about aged shell corps, you can use our library of free articles. These articles include detailed country reviews, guides to using money in foreign accounts, and even insights on how to access various services like an international debit card.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- What Is an Aged Shell Corp?
- Shell Companies vs Shelf Companies
- Frequently Asked Questions
- Ready to Explore Your Options?
What Is an Aged Shell Corp?
An aged shell corp refers to an active entity that has been registered for at least one year. In order to be active, it is required to be in good standing with its jurisdiction of registration. Likewise, an aged shell corp does not carry out substantial business activities. In fact, in most cases, shell corporations are used to facilitate transactions and do not hold significant assets or liabilities.
That said, when searching for an aged shell corp, most people are actually looking for an aged shelf corporation. These two concepts are commonly confused. So, we’ll share the exact difference between these two types of corporate vehicles below.
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Shell Companies vs Shelf Companies
The main difference between a shelf company and a shell company is that a shelf company is an inactive entity while a shell company is an active entity. That said, shell companies do not hold significant assets or carry out substantial business. Instead, shell companies are typically used to facilitate transactions.
Importantly, both an aged shell corp and shelf corp are 100% legal and have legitimate purposes in business. For example, if a business is unable to meet the requirements for an upcoming tender due to requirements related to the age of the business, they could consider purchasing a shelf company to meet this particular requirement.
Frequently Asked Questions
Below are three of the most common questions that we receive from people looking into an aged shell corp. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Why Buy an Aged LLC?
Certain individuals decide to buy an aged LLC in order to absorb filing history, years in existence, or a specific name. That said, it’s important to note that an aged LLC does not offer a bank account, credit, or loans. The new owner needs to obtain each of these new financial products or accounts after the aged LLC is transferred.
What’s the Difference Between Shelf Company and Shell Company?
A shelf company is a registered entity that has never carried out business activities. On the other hand, an aged shell corp is an active entity that is primarily registered for transactional purposes. Both company types are legitimate.
What Can I Do With a Shelf Corporation?
When you become the owner of a shelf corporation, you are entitled to carry out any business activities that a new corporation would be permitted to carry out. However, in order to continue carrying out business activities, the entity will need to remain in good standing with the state of registration.
Ready to Explore Your Options?
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