How to fund your business using a shelf corporation
Small and medium sized businesses often find it troublesome to acquire loans from banks and other similar financial institutions. This is because of the harsh policies of credit lenders which require the businesses to meet borderline unrealistic expectations. Disappointed, due to lack of funds, obviously these businesses shut down, or postpone their plans of expansion. Today, we’re going to introduce you to a new avenue of obtaining business credit - Shelf Companies. Going by the name, Shelf Companies mean companies that you can buy - off the shelf. These companies were incorporated a while ago, but generally don’t involve themselves in any business activities. This way, they’re available to potential buyers as readymade companies. Let’s understand this with a simple example. Let’s say a company XYZ Ltd. was incorporated in the year 2015 as a shelf company . XYZ Ltd. involves itself in no business activities, has no assets, liabilities, or tra...