Better Options
Friday, May 28th, 2010Our family business had been in the business for more than twelve years before my father have decided to file bankruptcy. It was a pharmaceutical corporation but with the onset of cheaper brand medicines, the company incurred losses and my parents have decided to end the life of the corporation. After four years, I have decided to set up another corporation but I am very much aware that a newly set up corporation has limited corporate credit access and a new corporation can not bid on huge projects that requires certain longevity period. So instead of starting from the beginning, I, together with my co board members, have decided to get a Shelf Corporation instead. Shelf Corporations are corporations that were set up and left inactive for a long period of time until they are acquired by potential buyers. There are many distinct advantages of getting Aged Corporations aside from the corporate credit, old corporations can bid on big government projects and more. Instead of spending consideration time, effort and money in setting up a new corporation, we can just choose among the different shelf corporation being offered online. It was a good choice on our part and a good move as well.