A shelf corporation allows your business to appear much trustworthy, the clients and suppliers are possibly to have higher confidence in businesses having long and successful operating history. With the ability to simply establish the business relationships with the banks, suppliers and banking institutions are usually at top of list while looking to buy the shelf company. The Shelf Companies already have been set up accurately and the simple modification of company officers is only required to transfer the ownership. Read below the list of advantages:
Acquire new suppliers and contracts
The Shelf company is already registered with the Companies House and hence they already have a history. People can access website of Companies House to see when the company was registered and hence see the permanency of company.
How does a shelf company assist the Suppliers and Contracts?
While starting the business venture it may be quite difficult to secure the contracts as you get classed with the new start up. There are industries and government authorities that insist the company to get registered for specific amount of time prior to allowing tenders. Thus, a company having a history would be enormously beneficial in such circumstances.
It may be a great challenge to acquire trust from the suppliers because of the company getting registered recently. However, a shelf company having the history at the Companies House will also definitely promote a much professional image and hence they may appear to be much trust worthy.
It becomes easy for business banking
Banking is known to be essential and significant part of routine running of the company. Any company that need professional image must have the bank account of business.
How do a shelf company assist to have a Bank Account?
While approaching to the bank for a business account, business loan or for a credit card, it is always more encouraging to approve for an aged company as compared to a company which is recently registered.
Banks may also be persuaded to check that the investments are made with an aged company is always a safe option as compared with the newly registered company with Companies House.
Enhances the confidence of new client with the business history
The business requires clients and the clients that have confidence in business generally are a crucial part of overall success of company.
Shelf company boost Confidence of Client
Research usually shows that the clients such as companies that may show durability as they provide an impression of getting trustworthy and offer confidence the business will experience in their specific field. Here, the shelf company will also give an impression that a company was around longer and hence give the client with great confidence for doing the business.
Many companies promote the anniversaries of the business to show the significance of being around for long time, new companies unluckily do not give similar kind of impression and clients also are less possible to have trust and faith in these companies.
Shelf Companies helps to Save time
Yes, as compared to the company that is developed from scratch it is always a better option to have a shelf company which is also known as an aged corporation. While staring the business venture is definitely a great deal to think as we as time-consuming duties that you need to complete. Rather, it should be really easy and hassle free to set up a new company.
Now, the question that might strike your mind is how can an aged company or a shelf company assist to save your time? If a company is already pre-registered at the Companies House and hence changing or modifying the details of an officer is only requirement. Modifying the details of an officer may also be done electronically and this may take some hours, that is anyways quicker than average 24 hours for registering the new company.
With this, you will definitely have the confidence that a company has been already set up appropriately by the expert.
You may also start trading with a company in just some hours of purchase, thereby helping you to think less.
Can we change the name of an Aged or shelf company?
All the companies have an option to modify their name at any point of time if the name is not earlier registered with company House. However, the request of name change of the shelf company could be electronically submitted and this might just take a few hours.