Buying a ready made company . Yes or No?
If you are planning to start up a new business, you must have come across the question, whether it is ok to buy a ready made company or not? To answer the question we must know what actually a ready-made company is. What is a ready made company? A ready made company is basically a preregistered company at companies house. These companies have never traded or had any business transaction. Advantages of buying a ready made company: There are certain advantages to buying a ready made company. Firstly, it saves a lot of time which involves creating a new company. It boosts the trust of the investors or purchasers as it creates an impression of corporate longevity. Thus providing credibility to the company. Even it could help you to apply for a loan. Moreover, a ready made company is often given with an open bank account by a renowned formation company. Is there any risk associated with buying a ready made company? While buying a ready made company it is alw...