Off the shelf company?

[mikechandler]

A friend of mine is looking at starting a business and due to the nature of the business it will be better for him to run it as a limited company. He has looked on Companies House and has also googled off the shelf companies and is wondering if these are all they claim to be? Are there any other costs beyond the initial fee? I.e. does it cost to change the name of the company? Also, if he went for an OTS company would he need to bother with Form 12 for companies house (the form that has to be countersigned by a JP/Solicitor)?

Thanks,
Mike

[Eric Mc]

Most of the basic matters that are required to be done to get the company to the new owner are inclusive of the purchase cost of the company.

Once the company has been transferred, then any additional changes will be done purely at the expense of the new owner.

[mikechandler]

Many thanks Eric.