Old shelf company with bank account – Here’s how they can help you?

Post date: 18-May-2020 06:09:37

An Old shelf company with bank account is defined as a legal entity that has already been incorporated under the Commercial Law. The shelf company, also referred to as a ready-made company, does execute commercial activities, and it is obtainable for sale as well as, if purchased, the investors will be capable to start their business activities much faster than in the case of the standard registration method.

Purchasing an old shelf company for sale can be a striking way of starting a company, as the time frame in which the businessman can create his or her profitable operations is much lower compared to the regular registration, since the lawful entity has already been registered with the restricted institutions.

As a universal rule, a company can be incorporated in a period of minimum sixteen weeks, while in the case of a shelf company, the procure procedures can be accomplished in ten days. Our team of specialists in company formation can provide assistance on the main procedures that have to be finished when buying a ready-made old company.

Businessmen paying attention in how to form a company through a ready-made company will still have to terminate several legal requirements. For instance, one of the critical aspects will be to sign a document that will state alter of ownership from the preceding owner to the new buyer.

As mentioned above, the old shelf company already has a designated corporate bank account but, in the circumstances in which the investors will want to modify the company’s name, this change must also be reflected in the details of the bank account. This alteration has to be registered with the Registrar of Companies. Once the corporation starts trading, it will become accountable for taxation.

If you are looking to buy old age readymade company, consider visiting the official website of BSC & Associates.