Currently, establishing a company, particularly in the form of a limited liability company, isn't as intricate as it used to be. Especially when compared to the processes of a decade ago or even earlier. Back then, documents could only be submitted through the local district administration, followed by registering with the State Tax Service and various social insurance funds and obtaining a certificate from the State Statistics Committee.
And the ordeal of obtaining a seal impression was quite something! Document submission and acquiring the actual permit could take up several days a week, during specific hours. In essence, it's fortunate that a tangible simplification of the procedure has taken place over the last ten years. Nowadays, you can simply present documents to a private notary, await an excerpt from the unified state registry, and avoid the need to traverse six different institutions.
You have the option to operate with or without a company seal. And if you choose to have a seal, you can create it whenever and in whatever quantity, devoid of any formal permissions. Nevertheless, certain essential elements still warrant serious consideration when embarking on the creation of an LLC. First and foremost, this includes its charter. Additionally, you need to choose a taxation system and business activities that influence whether, for example, you can opt for a simplified tax regime. The size of the authorized capital and the distribution of shares among members are also critical factors to decide upon.
Sometimes it's better to establish an LLC on your own rather than going 50/50 with someone else because it creates interdependence. With such a vote distribution, if one of the participants "disappears from the radar," the other can't do anything with the LLC except to sell their share and forget about it. But if the remaining person is the director, they can't even resign properly without going through a legal procedure. Only a court can handle that. However, this practice hasn't been very successful and is quite cumbersome.
When you acquire an existing business, you attain several key benefits:
- You can adjust the ready-made founding documents according to your needs and preferences. Or you can leave them as they are if they suit you. The main point is that you don't need to "reinvent the wheel" or develop everything from scratch, or hire lawyers;
- If you're purchasing a company with any type of license, you save from 2 to 6 months of time, depending on the type of license. This is especially crucial if a tender or another important contract is looming, and everything needs to be ready. The same goes for the VAT payer status, as it can only be obtained from the following month after application;
- A ready-made website and email. Yes, creating an email takes a few minutes of work. Which can't be said for website development. For obtaining certain types of licenses, especially those related to electricity and gas (supply of electricity, gas supply, trading, etc.), having a website that meets specific requirements is necessary for obtaining the license. Therefore, such companies must have a website;
- History. Sometimes it's important for the registration date not to be recent. Therefore, a company from last year or older adds a sense of solidity.
Therefore, when acquiring a ready-made company, you effectively gain all the necessary elements within a few days, a process that could otherwise take months to develop.
Acquire a Ready-Made Company in Ukraine: A Swift and Seamless Path to Successful Business
We extend our offer to provide you with professional support and assistance in acquiring established businesses across various domains in Ukraine. Moreover, you can obtain ready-made companies that align with your requirements:
- Charitable foundations, already registered and equipped with the necessary documents for operations. Instantly embark on charitable activities.
- Companies with licenses for the sale or supply of electricity. Without delay, engage in the energy sector and utilize the existing license.
- Ready LLCs with registered VAT. Without waiting, commence your entrepreneurial endeavors and carry out VAT-related transactions.
- Companies with licenses for the sale or distribution of gas. Quickly initiate your gas-related ventures and make use of the pre-existing license.
- Companies with licenses for providing security services. Gain the ability to promptly offer security services and leverage the existing license.
Our seasoned team of legal professionals is poised to assist you throughout every stage of the business acquisition process. Feel free to contact us, and we will gladly aid you in achieving a successful purchase of a prepared company in your chosen field.
