Off the Shelf Companies – A Fast Option

Circumstances often create an urgent need for a new company, without providing the time for incorporation. For example, a company registration number may be required immediately to complete a contract. Off the shelf companies, also called Ready made companies, are just the answer to this. Companyformations247.co.uk offers a list of such companies for prospective customers. Companyformations24.7 can help one identify and select an appropriate off the shelf company, 24 hours a day, 7 days a week.

An off the shelf company is one that is incorporated or transferred to a formation agent for the purpose of resale. It usually does not have a trading history and is meant for people who are in need of a company that has been in existence for a long period of time, within a very short time. Bidding contracts often require a company to be of a certain age. Off the shelf companies can be aged corporations completely free of debt and other liabilities.

Off the shelf companies may include public or private companies. They may be limited by shares, limited by guarantee, public shelf companies or registered Limited Liability Partnerships (LLPs). These are companies that have been incorporated at some point in time earlier but have not been carrying out any activities or trade. These companies are ready for transfer and trade immediately.

An off the shelf limited company can offer several benefits such as an established corporate identity, a company with a history, longevity and improved corporate image, credibility to get business credit cards and also lines of credit, credibility to obtain bank loans and eligibility to bid on government contracts. Many government contracts require that the company be in existence for a specific minimum time period

Companyformations247.co.uk offers off the shelf limited companies with names that reflect different areas of business such as technology and marketing. Single name limited companies that can be used for any kind of business or trading are available. All ready made companies have an object clause that explains the scope of business the company can engage in. Companyformations24.7 has set the object clause for all its off the shelf limited company to ‘General Commercial Object,’ meaning the company can do any type of business irrespective of its name. You may also opt to change the name of the company for a small additional fee.

The online transfer process is very simple and can be completed quickly. You can transfer the shares and directorship after registration to yourself. On completion this formation agency sends the following documents by first class post: One copy of the Memorandum and Articles of Association, Certification of Incorporation, Certificate of Non-Trading and the First Minutes.

Opting for professional services of agencies such as Companyformations24.7 provides the assurance that the company has been set up appropriately. This is also faster than learning the set up process on your own.