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To buy a limited company you can buy out an existing company by owning 51% of their shares thus having contolling command over their affatirs
Member rating: No Rating | Words: | Submitted: Tue Oct 25 2005
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Outline of how to buy a limited company Firstly it can be done directly with Companies House in Cardiff or Edinburgh by calling them and they will send you the forms to fill out. The advantage of this route is that it is relatively low cost, costing around £20. The main disadvantage is the paperwork involved and the danger that it might not be done properly if you aren't familiar with what's involved. Although the paperwork is not difficult, it is time-consuming and requires a solicitor to witness some documents, I will go into more detail about the paperwork later on in the letter. Secondly there are also companies which specialise in forming companies, called registration agents which you can find in the Yellow Pages, they will charge you anything between £50 and £150 so it's a bit more expensive. The main advantage of this route is that such a...
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