Frequently Asked Questions
Q. What is a shelf company?
A. Shelf companies are simply companies that have been formed but never used. Each shelf company was filed by BizFilings for the specific purpose of being a shelf company. Our shelf companies come with a certificate of incorporation or certificate of organization and franchise tax documents that have been paid and filed with the Secretary of State.
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Q. Why purchase a shelf company?
A. Reasons to consider a shelf company include:
- In order to establish a history for your company
- Company image improves with age
- Bidding on contracts may require your company to be a certain age
- Obtaining bank loans is often easier if you can show your company has a history
- Obtaining business credit cards and leases often eases with age.
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Q. Does a shelf company need a Federal Tax ID (EIN) Number?
A. Yes. Shelf companies do not have an EIN at the time they are purchased but must obtain an EIN prior to transacting business . BizFilings can help you obtain an EIN at the time of purchase.
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Q. Are shelf companies available in all states?
A. No. BizFilings offers shelf companies in the state of Delaware only.
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