Should I Buy A Ready Made Company?

Ready made companies are companies that have already been registered with Companies House.

They offer a number of benefits, making them a tempting choice for business-minded people.

Benefits Of Buying A Ready Made Company

• Buying a ready made company is a great time saver when compared to taking steps to create a new corporation. This is especially true when working with Paramount Formations. We aim to make the process as simple as possible to get you up and running in no time! We understand that time is money and once you purchase a ready made company you’ll be keen to start trading.
• Some jurisdictions require that a company be in business for a certain length of time to bid on contracts. A ready made company can give you this option, as they may have been registered for many years. A new company wouldn’t be able to bid on contracts in this way as it simply doesn’t have the same longevity.
• Ready made companies create an appearance of corporate longevity, which will help gain the trust of your investors, clients or consumers. Having the trust of traders, investors and customers is the backbone of a business, and its importance can’t be undermined. If a ready made company offers a short cut to gaining trust, it can only be seen as a positive.
• Purchasing a ready made company allows you to gain access to investment capital.
• Ready made companies already have registered names. This can be seen as a huge positive if you’re struggling to think of a suitable name for your business. If creativity isn’t your strength, looking through a list of pre-named options takes away the need for imagination. As the name of your company is already ready and waiting for you to pick it out of a list!
• As part of Paramount Formations’ Ready Made Companies package, you are entitled to a Free Business Bank account for 12 months as part of the Barclays New Business Introducers scheme.

If you’re still unsure of whether purchasing a ready made limited company is the right business choice for you, then please get in touch. Our trusted team would be more than happy to talk you through your options and help you to come to the right decision.