Ready made company + banking introduction* HSBC

Ready-to-use company

A “ready-to-use company” (or “turnkey company”) is a business that is already incorporated, registered and ready for immediate use by a new buyer.

This type of company is often purchased to save time and avoid the lengthy and complex administrative procedures involved in setting up a new business.

Here are some of the features and benefits of these companies:

Features :

Full registration: the company is already registered with the relevant authorities, such as the Registre du Commerce et des Sociétés (RCS) in France or Companies House in England.

Business history :

The company may or may not have a commercial history, depending on its previous use.

For ready-made companies in the UK, these are generally dormant “empty shells”, created quite legally, solely for the purpose of being resold one or more years later.

Company name :

The company already has a company name, which can be changed by the new buyer if necessary.

Share capital :

The share capital is already defined, but can be modified to suit the buyer’s needs.

Depending on the country, either the share capital has already been deposited in the bank, or it has not been deposited: indeed, some countries such as the UK do not require the share capital to be deposited before the company is registered; in this case, the share capital may only be registered, which is then called a virtual share capital.

Articles of association :

The company’s articles of association are already drafted and may need to be modified to suit the new buyer’s objectives.

Advantages :

Time-saving: no need to go through all the steps involved in setting up a company, enabling rapid start-up.

Business opportunities :

Possibility of taking advantage of a company already in place to quickly seize business opportunities.

Established track record :

A company with an established track record can make it easier to establish relationships with partners, suppliers and customers.

Indeed, suppliers and customers, in particular, generally tend to have more confidence in a company with a few years of existence, which may even be in a strong position to negotiate and impose its leadership.

Amending the articles of association :

Adapt the articles of association and other administrative elements to the needs of the new management.

In short, acquiring a ready-to-use company can be a fast and efficient way to start a business.