Acquiring an established company is a significant move in entrepreneurial activities that can be advantageous and promising. However, before initiating the process of purchasing a ready-made business, it is crucial to thoroughly evaluate all the intricacies and approach the implementation of this idea with utmost responsibility. In this article, we will delve into the critical aspects and steps that should be considered and undertaken before acquiring a pre-existing company.
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Determine Your Specific Needs and Objectives
If you are planning to participate in a tender, there are likely specific requirements you must meet. These requirements can be quite detailed and particular. Take the time to thoroughly review them, as this will significantly reduce the risk of misunderstandings and unexpected complications. For instance, the company you consider acquiring may need to have been registered no later than a certain number of years ago. It might be required to maintain a website containing specific information, or even possess licenses for operations within particular industries.
Select a Suitable Company and Ensure It Aligns with Your Requirements
You can find basic information about the companies we offer on our website. Once you have agreed to commence cooperation with us, we can provide you with comprehensive details and documents for various companies of your choosing. It's important to note that we do not resell companies or organizations offered by others. In case you've already identified a company from a different source and need assistance with its re-registration, we can certainly provide guidance, although we cannot guarantee the status of the selected company. How to ensure the selected company meets your needs? There are a few free resources available for verifying the status of a company, but not all of them may be accessible during wartime. You can also seek assistance from specialized auditing firms. However, the decision to invest additional funds in this verification process ultimately rests with you.
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Share Information on the Company Transfer with Us
We will provide you with a concise questionnaire or assist you in completing it via telephone. This questionnaire will require details about new stakeholders, the newly appointed director of the company, whether you intend to alter the company's name, its new registered address, and other relevant information. If new members are individuals, scanned copies of their passports will be needed. For legal entities, the EGRPOU code will suffice for Ukrainian companies. If it involves a foreign company, you will need documentation related to its registration. Nevertheless, these specifics will be discussed during our collaboration.
How Does the Purchase of a Pre-established Company Work?
Once you've selected the specific company, and we've mutually agreed on the fundamental terms, completed the questionnaire, and clarified all aspects, our legal team will initiate the preparation of the necessary documentation for the re-registration process. Typically, this process takes a single business day. If you require an expedited process, we can streamline it in just a few hours.
We facilitate the notarization of the documents and subsequently submit them to a state registrar. Our collaboration with private registrars, including notaries with access to the state registrar's database, ensures a swift process, avoiding unexpected complications or refusals often encountered at state administrative service centers.
The re-registration process takes three business days from the moment the documents are signed. This duration is required for the updated information to appear in both registration actions (in the case of a full transformation of the company into an LLC, there are always two registration actions, and only in specific cases, there can be three actions, but never just one).
After three business days, if the registers are open, the new owners and director will be able to view their names in the registry. In the case of a closed EGR, you can obtain an extract if you require urgent confirmation. A few days later, you should receive an extract with the name of the new director (and the company name and address if they've changed). Thus, the entire process of full re-registration and obtaining new registration documents takes about a week.
If you need a company with a license, but you still have questions, don't hesitate to reach out to us. We're always ready to provide comprehensive consultation and offer a list of ready-made companies with a clean history for conducting your business or non-profit activities.
