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A simpler reason would be that it is cheaper to change control and name of a company than it is to set one up.

Then you have a market to rent the business.

Which sounds like a great avenue for fraud.

I recently read Billion Dollar Whale (https://www.amazon.com/Billion-Dollar-Whale-Fooled-Hollywood...) which I enjoyed. It seemed to me to be surprisingly easy to launder money through shell companies like the ones listed here. I would speculate also that a company with many name changes would involved in some weird stuff.

Or a great avenue for just skipping the bullshit when a supplier requires 5 years of some administrative nuance that a new company would never have

So... fraud?

skipping a supplier's arbitrary private company policy has nothing to do with intent to commit fraud.

your work ethic is at your discretion and try to optimize your time.

I don't know where you are learning your ethics, but misrepresenting yourself to a potential client is pretty standard, boilerplate fraud. Not criminal (usually), but it is a civil breach of contract.

Sort of like a reverse merger?

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