Starting a business isn’t easy, even if you are an experienced person. You need to go through some lengthy processes to create a new company, register for VAT and many more. It must be very hectic. But do not worry as Knowea Formation Limited has become a savior for this problem. Now you can purchase off the shelf company with lots of benefits. This company will make your business journey smoother and easier in its own way.
We will help you creating your dream company anywhere in the world. But having a business in a country like UK seems like a blessing. This country ranks in global business market and has a lot of beneficiary services to offer to the business persons. We are providing all the details here to guide you each and every step.
What is an Off the Shelf Company?
An off the shelf company is a pre- registered business structure that has no previous business record. The owners of these companies sold them to the entrepreneurs or any investors who want to start their business instantly. This is the best option to avoid all the lengthy and time taking steps and start business from that day. You can get lots of benefits from these companies like established credit history, a registered address and many more. If you want to go for an option to save your time, money and energy, then look no further and purchase off the shelf company.
Why Purchase an Off the Shelf Company?
Immediate Start
You can start your dream company immediately if you choose off the shelf company. It will be easy to start trading right after the ownership is transferred. You don’t have to wait for any waiting period for incorporation and take advantage of the time saving opportunities.
Business Credibility
Business should be trustworthy. Off the shelf companies are available in the business market for many years. This will help you showing your business more established. For this reason, you can easily build trust with your clients and investors. So, you can count this company as a valuable asset for your business.
Simplified Compliance
You will get all the work completely done previously when you purchase off the shelf company. You will notice that the company is already registered with Companies House and has the crucial documentation. Thus, an off the shelf company can help you get a simplified compliance with UK business laws and guidelines.
How to Customize Your Off the Shelf Company?
There is an another benefit we will provide you with an off the shelf company. You can customize your company name in an easier way after you purchase off the shelf company. Here we are mentioning the steps that you need to follow for the customization.
You can alter the Company’s Name
you could desire rebranding or provide the name that best suits your business goals.
Update The Directors and Shareholders
Originally, the directors will serve as placeholders for the actual individuals in the business.
Change the Registered Address
Most of the readymade companies have a statutory registered address as default but can be changed as per your business location.
Open a Bank Account
Some service providers give the UK shelf company a bank account. This makes opening one’s business finances easier, though if one is not included you can open an account yourself.
Can I Purchase an Off the Shelf Company with Bank Account?
Yes, you can purchase an off the shelf company with bank account. Knowea Formation Limited offers this as part of the package. We make it easier for you to start business transactions right away. This option saves time since the company will already have a fully set-up bank account, allowing you to manage your finances without the hassle of opening one yourself.
What is the Difference Between a Shelf Company and a Shell Company?
A shelf company and a shell company might sound similar but they have a difference to focus on. Here we are mentioning the points to guide you.
A shelf company is a pre-registered business structure. It has been set up previously and then kept aside. In most cases, it has no business history . People who wants a company with an established history go for the shelf company. They can gain credibility and obtain their contracts with the help of it. You can use shelf companies for you speedy business set up and building trust with clients.
On the other hand, a shell company is a business entity that exists only on paper. This company doesn’t have real business, employees or any assets. People usually buy this type of company to hold their assets or for any financial reasons. The buyers don’t actually buy them for business.
In summary, people buy shelf companies to do their business and shell company is a legal business structure without any active business operation.
Can I Buy a Dissolved Company in UK?
No, you cannot directly buy a dissolved company in the UK. Once a company gets dissolved, it no longer legally exists or operates. However, you can restore a dissolved company to the Companies House register. But this process requires a valid reason, such as reclaiming assets or resolving business matters. The restoration process can be complex, often involving legal paperwork and a court order.
Instead of going through the hassle of restoring a dissolved company, it’s often easier to purchase off the shelf company. These companies are pre-registered and ready to use. They allow you to start business operations quickly without any legal complications.
Here Are Some FAQs Related Off the Shelf Companies
You will need generally a few hours to transfer the ownership of an off the shelf company. We are offering additional services to you. Now you can change the directors, open a bank account and others. These processes will take few extra time.
In most of the cases, off the shelf companies have no business history. That means they don’t have any liabilities. But for your own safety, you should check if there is any hidden one. You can talk to your service provider regarding this.
With an off the shelf company you will receive several necessary documents. These documents will include the incorporation certificate, company registration number and articles of association. You might get a shareholder agreement from your service provider.
The most important thing you should check if there is any business history or debs in the company. You also need to notice that the service provider is trustworthy or not. Just make sure the company has all the required filings.
Of course you can. There are many sellers who sell their companies with VAT registration. So, you don’t have to go through this step. But in some cases, the seller offer to register the company for VAT. Kindly confirm it properly when you purchase off the shelf company.
No. Off the shelf companies have no business history and for that reason they do not come with the employees. In this case, you need to hire the amount of employee you need.
Certainly. You can definitely use an off the shelf company for international business. But you need to follow all the local laws and guidelines of every country you want to do business with. In some cases, you might need to file for the registration or license.
Mostly off the shelf companies don’t have any business history to show. But if any cases any company has any history then it might have liabilities. In this situation, we advice every new buyer to double check with your service provider to avoid any hidden risks.
Of course you can. Once you buy a off the shelf company, you can easily add or remove directors. For that you need to go through some legal steps like submitting the necessary documents and others. After that you will be able to change anything in your company.
You can use your shelf company in any kind of legal business. It’s completely allowed. Once you get the permission for your business, you are free to go. This is a crucial and mandatory part to follow
Conclusion
You are an experienced businessmen or an entrepreneur, off the shelf companies will help you in many ways. These companies will save your precious time, money and energy of creating a new company from the very start. You don’t have to face the struggle of time taking lengthy steps. These give you flexibility and convenience. So, don’t waste your time and hard-earned money on the processes and go for the off the shelf companies for your betterment.
Are you ready to start your business immediately with zero struggle? Contact Knowea Formation Limited today and experience the top level personalized services. Reach us at support@knoweaformation.com to avoid all the hassles.
