Aged Shelf Companies

What is an aged shelf company?

A shelf corporation, shelf company, or aged corporation is a company or corporation that has had no activity. It was created and left with no activity – metaphorically put on the "shelf" to "age". The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one.

What are the reasons one might purchase a shelf company?

Common reasons for buying a shelf corporation include:

• To save the time involved in taking the steps to create a new corporation.
• To gain the opportunity to bid on contracts. Some jurisdictions require that a company exist for a certain length of time to have this ability.
• To show corporate longevity in order to attract consumers or investors.
• To gain access to corporate credit.

What is a proprietary limited company?

Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and no more than 50 non-employee shareholders, where the liability of shareholders is limited to the value of shares. The company must have at least one director who is resident in Australia, and there are restrictions on the company’s ability to raise funding from the public. Proprietary limited companies are the most common type of company registered in Australia.

Why do the prices vary?

We incur annual ASIC fees in maintaining a stock list of aged companies, and the prices primarily reflect the age of each company.