Ready,Made,Company,Formation,B business, insurance Ready Made Company Formation: Business owning made easy
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Thereare so many things to be taken care of, learning the laws of theland, purchasing a location for the administrative offices, andhiring an agent to get the work done for you. What if you could cutout the hassle from the incorporation of a company? Purchasing aready-made company can be a great solution for all your hassles. Manycorporate firms now offer ready made companies for sale. Thesecompanies have all documentation performed under the name of anowner, usually a director of the firm. When you purchase the company,the ownership is legally transferred to you. There is no need to filethe Memorandum of Association and the Articles of Association. Thecorporate firm selling you the company would already have taken careof those formalities for you. Acquiringa ready made company is also a great way of expanding your businessoverseas. If the company functioned for some time, surely it wouldhave a client base of its own. When you purchase the company, theclient base will be automatically transferred to you, thus ensuringgood profits from day one itself. Besides, if the company had somegood reputation, you can bank on that for getting new clients aswell. Company formationagentsoften keep track of companies looking for new owners. They also keeptrack of firms having registered companies for sale. When youapproach company formation agents for setting up your new company,ask for this option. Not only will this lower the hassles for settingup the company, it will also lower the amount of fees you have to payto the agent. Thereare some drawbacks to buying a ready made company though. For onething, you cannot change the name of the company to something youlike. That would change the identity of the entire company. So, evenif you dont like the name of the company, you are stuck with it.Secondly, when you buy a readymade company, the employee structurethat was registered with the business registration offices may bedifferent from that of your company. In that case you will have toissue resolutions approved by the Board of Directors of your companyto change it. The process is not too time consuming, but is a hasslenonetheless. Inspite of these drawbacks, a lot of business owners purchase readymadecompanies overseas to save time and money. It is not such a badprocess if you wish to expand your business in a time-saving,cost-effective manner.
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