Has the Shelf Company an opening balance sheet?
For the obligation to prepare an opening balance sheet, there is no difference between the purchase of a Shelf Company or the own formation. In both cases, an opening balance sheet must be prepared and the share capital, which may not be used for formation costs, must be reported.  We have already prepared an opening balance sheet for the foundation and show the undiminished capital openly there. We will provide you with the opening balance sheet together with the other documents. After the Case law of the Federal Court of Justice the regulations on the new formation of a company apply to the use of Shelf Companies or shell GmbHs. According to these, in the case of the economic re-establishment, the new managing directors must affirm that the statutory share capital has been raised and is freely available (§ Section 7 (2) and (3) GmbHG). This is what we guarantee.