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Ready Made Company Formation – Turn your idea into a startup

If you want to set up a new company, it is always time-consuming and laborious. There are so many things to be taken care of, learning the laws of the land, selecting a location for the administrative offices, and taking an agent on hireling basis to get the work done for you. What is the way-out for you to a cut out the hassle from the incorporation of a company? Purchasing a ready-made company will give you relief from all your hassles.

 

Many corporate firms are now selling ready-made companies. These companies have all the paperwork done under an owner’s name, generally the company’s director. When you purchase the company, you become the legal owner of the company. There is no need to file the Memorandum of Association and the Articles of Association. The corporate firm selling you the company would already have taken care of those formalities for you.

 

Acquiring an already existing company is also a great way of expanding your business overseas. If the company was in operation for some time, this is for sure that it would have a client base of its own. When you purchase the company, the client base will be automatically coming to you, which will generate good profits from day one itself. Besides, if your company brings some good reputation, you can depend on that for the expansion of your new client base.

 

Company formation agents can be contacted as they often keep track of companies looking for new owners. They also keep track of firms having registered companies for an immediate sale. When you approach company formation agents for setting up your new company, ask them if they can arrange for this sort of option. Not only will this make your journey easier for setting up the company, but it will also lower the amount of money that you have to pay to the agent.

 

There are some negative points in buying a readymade company though. For one thing, you cannot change the name of the company to something as per your likings. That would change the identity of the entire company which may affect your business. So, even if you don’t like the name of the company, you have to bear with it for your own betterment. Secondly, when you buy a readymade company, the total infrastructure that was registered with the business registration offices previously may be different from that of your company. In that case, you will have to issue resolutions approved by the Board of Directors of your company to change it. The process is not too time-consuming but is a hassle nonetheless.

 

In spite of these drawbacks, purchasing readymade companies is a very lucrative option for many business owners overseas to save time and money. It is not such a bad process if you wish to expand your business. In fact, this process will give you a balanced investment and excellent time management which will help you to move forward successfully.

Top 5 Common Challenges That Many Startups Face Today

Startups are emerging out everywhere these days. Today, startups are mushrooming in the area of the entire marketplace and everywhere, students are even advised in schools and other educational institution to go for startups in the future.

Nowadays, unique stories of startup entrepreneurs and business owners seem to be on the front page of every newspaper and magazine issue, serving as an encouragement for more people to brainstorm and come up with ideas of investing for startups.

People see technological breakthroughs as something that could change the entire world and open people up to more abundant opportunities

The unspoken truth about startups is this: Starting and maintaining one is not that easy as successful entrepreneurs make it look. There are more avenues being made available for startups to emerge and flourish, but there are still some challenges that are not being met. As an enthusiastic startup entrepreneur, you should not feel hesitant to face some time-tested challenges and roadblocks.

Startups face challenges at different stages on their way to meet success. Issues may vary depending on the difficulty encountered in achieving different goals and objectives and the ability of the entrepreneur(s) to manage different issues as they come while going through the avenue of a startup. Startup entrepreneurs make mistakes, depending on the type of startup or group of individuals working together (if any). However, there are some difficulties that are facing startups at the basic level today.

Here is a list of the 5 major challenges that your startup will face and how you handle them will go a long way in determining whether your startup will achieve success or fail:-

  • Funding:

    The big issue comes first. Funding remains one of the biggest problems that emerging startups face. It’s a really dicey issue in the sense that every investor prefers to play safe with their investment. Hence, they usually invest their money in already well established and successful startups. Logical as it is for the investors, it also limits the number of successful startups accessible today.

  • Lack of Innovation:

    The innovation is extremely lacking in entrepreneurs today. When investors and clients find these, they become reluctant to invest as they do not get to see the difference between these new startups and old ones. A major method for attracting funds for a startup is to have at least one new feature; something that makes you stand out from the enumerable number of startups that are related to, or similar yours.

  • Unfeasible Goals:

    It’s always helpful and advantageous to set goals for your startup. Goals give your business a guideline, provide a means of measuring your business’ growth over time, act as a means to assess the success your business and serve as a method of bringing your business against other businesses in your domain.

It is essential that your startup exceeds (or at least meet) your defined objectives when running startups; it shows that you’re on the right track for future successes. However, where most startups get it wrong is the goal-setting part. Most of the times, upcoming startups set goals that are simply unrealistic. For consistency, it is important to set high but controlled and generally attainable goals and objectives, given a level of funding and your infrastructure of meeting those goals.

  • Decision Making:

    This challenge is mostly faced in businesses that have their base on partnership. While partnerships are great as they offer a greater funding base, these businesses are usually made up of owners who come from various backgrounds and who differ from each other in their business orientations. In running a startup, it is essential to be able to make quick decisions especially when the window of time you have to act is very small or when the opportunity that presents itself to you is about to close.

  • Personnel Selection:

    No matter how great your business management skills are as an entrepreneur, you’ll still need a team to work around you. Finding suitable team members can be a challenging affair; you have to select people who have the same passion as you and people who are capable of handling the difficulties that come with the job.

The right personnel will greatly help you; their skills will eventually help in relieving you of some of the work. Choosing the right personnel is a job that must be done with care and impartiality. You should not be having any bias while selecting your team. Your mistake bounces back on your business badly, you must always remember this.

In today’s world, we all are facing challenges in every step of our life. So it is not unlikely that you will face challenges in your startup business also. How you face it and go ahead for achieving success, let that be the biggest challenge in your life.

5 most essential benefits of Business mail forwarding services

Businesses which specialize in running virtual offices for other companies provide mail forwarding service. Which way it functions you must know. Basically, the mail forwarding business acts as an agent between a business and its clients. All the mail is received at the virtual office address; then it is checked before being forwarded to the business owner.

The concept of using mail forwarding services has been around for quite some time, but most people do not have any idea of significance and benefits that are associated with this specialized service.

Here are the 5 important benefits that a mail forwarding address gives to any kind of startups.

Maintain Privacy for Your Home Address:

Many people cannot afford to take an office on rent, so they keep running their small businesses from their home address to keep the expenses down to a minimum. If you are running your small business from home and if you want to maintain your privacy, mail forwarding services can provide the business owners with an office address that you can use everywhere so that your customers do not need to know your home address. When you give your home address to your customers, it sounds a bit unprofessional. City-based offices are regarded as far more professional and prestigious than home-based companies. Many virtual offices are set up in big cities like Nevada, Wyoming, etc. They are home to most of the thriving businesses in the world. With a mail forwarding service, you can make your business look bigger and display a positive image of professionalism to your clients.

Cost effective and convenient:

Along with forwarding mail, many companies also sort out small businesses’ mail so that you don’t receive any junk mail to their door every day. Small businesses can use the mail forwarding services conveniently because they don’t have to skip their meeting to wait for the important packages at their home. They can simply finish their job without worrying about the deliveries they missed. Mail forwarding companies forward mail the same day they receive it, ensuring that it reaches business owners in a very short period of time. Not being able to collect a letter or parcel is a basic problem faced by small business owners, but it can be avoided with a mail forwarding address. There is also the added advantage of having mail forwarding service anywhere in the world. This frees up those working in a startup geographically while maintaining the privileges of having a fixed address.

Never missing important mail:

By taking the help of a mail forwarding service, small business owners need not worry about missing any important package or letters again. Small business owners usually complain that they miss important packages and letters because they are away from the receiving address at the time of delivery. It can be extremely disappointing to be behind schedule along with the extra cost and time to reorganize the delivery slots Someone will always be there to sign for their the package on the behalf of their company.

Improving Your Customer’s Experience:

One of the advantages of using mail forwarding services is that it helps tiny companies build the integrity of their start-up company. It eliminates duplications and unnecessary mail forwarding. Your company has a properly registered address where it can receive all the required mail and letters. Potential clients of yours will gain confidence in you if you take the help of mail forwarding services.

Flexibility:

The thing about a new startup is that you never really know what the business would look in reality or where it may come to an end. Maybe you’ll have to cut it a bit short or expand hugely. Maybe you’ll switch into a totally different company which was not in your initial plan at all. Whatever the outcome will be, the flexibility of a mail forwarding address can make it simpler to adjust with the changing circumstances.

Mail Forwarding services restrict the need for business owners to give their home address everywhere, but they also make the business look bigger and more professional. When you are signing up with any mail forwarding company do not forget to check that they are real and genuine and they offer professional services. Also, they make clear to forward your mail within a reasonable time period. Mail Forwarding service provides great benefits for those who work from home as well as small business professionals.

How to Start a Company Fast

People talk about starting a business fast but in reality, they do not take conscious effort to put their ideas into practice. They get carried away with the apparent complexity of the administrative and legal task involved in starting a business and they are not very sure of their ideas that may not be absolutely perfect.

There are certain steps which should be followed sincerely to start a company in the fastest possible way.

One has to get over the company name thing: many people agonize endlessly over dreaming up the perfect company name. You should just pick up a name to get the administrative part rolling. You can change your company name later if you wish.

Get your employer identification number: an EIN is the federal tax number to identify your business. It is important to have EIN because you can keep your social security number (SSN) private and reduce the chance of identity theft. If you do not have EIN then your SSN identifies your business for tax purpose. You can always get it done by your locality’s administrative office.

Register your trade name: if you won’t operate on your own name, your locality may require a trade name.

You will require a business license: for this, you have to fill up a form. Use your EIN to identify your business. If you want any loan for your business you may be asked to estimate annual gross receipt. Do it to the best of your ability but do not be stressed.

Complete a business personal tax form (if necessary): If you purchase tangible personal property during your first year in business, you will list those items when you file your business personal property tax form the following year.

Ask your locality about other permits: Every locality has different requirements. Your locality may require some permits. You please ask them and they will tell you what exactly is required for you to start a company.

Get a certificate of resale (if necessary): a certificate of resale, also known as seller’s permit allows you to collect state sales tax on products sold. If you sell products you need a seller’s permit for which you have to fill up forms either online or at your local administrative office.

Get a business bank account: for a business related deposits, withdrawals and transactions get a business account using your business name and EIN. Pick a bank or credit union whatever is convenient. Credit union often provides better deal than the bank.

Set up a simple accounting spreadsheet: You can go for accounting software later, but to begin with you can just create a spreadsheet on which you can enter money you spend and money you receive.

These are the basic steps you need to take to start a company fast. There are other options available also in recent business world. You can take any help line you wish. Don’t waste much time, just start with your idea, you will surely achieve your target in due course of time.

How to Set Up Own Company by The Help of Business Consulting Firm

Do you have a dream of having your own company?

Then you have come to the right place.

Become your own boss is the aim of many people nowadays, though this is not as easy at it seems. Company formation by your own is really a challenging task. You have to compete with both large multinational brands and established local brands companies.

You can take the help of startup service provider like us to get things done smoothly. We have broad experience in making a start-up company to market their products globally. You can successfully establish your company without any legal issues.

Why you should take the help of Startup Services?

It is the true fact that many startup companies fail in their initial stage, and they may have some valid reasons for the same, the likes include entrepreneurs being a novice and lack of essential support startups such as lack of funds, bad market conditions, unorganized legal matters etc. But, the most crucial aspects that most of the startups lack are proper guidance, inspiration, and feedback from business consulting firms or startup service providers.

How Startup Service Provider Helps Business Owners?

  • A Startup Service provider can help you accomplish all the Banking related tasks as fast and efficiently as possible. They will incorporate the business bank account opening, personal bank account opening with ease.
  • They will assist you from the very beginning with business registration formalities.
  • You can also find Vat registered company names for the successful startup.
  • You can also use their business mail forwarding, telephonic and other
  • services that make easier for your organization for safe and secure communication.
  • They help to streamline your business, making it more efficient and profitable.


Check out our website thoroughly and choose the suitable services as per your requirements. We are expert in business planning especially Banking services, Company formations, Business registration and virtually all aspects of running and growing a startup business.

All you need to know about Company Formation in UK

A limited liability company formation conveys various generous advantages to small and medium-sized self-employed businesses. A limited company formation effectively creates a brand new company body distinct from the owners of the business, shareholders, which protects those owners from boundless individual liabilities in the majority of circumstances and may carry important tax benefits which change in a subsequent year.

Suppose you are in process of setting up a Private Limited Company, then you will likewise require a business bank account where trusts can rush over and over again. Regular operations which could take place inside such account include paying salaries; paying Annual Corporation Tax, VAT Payments and moreover any debt charges. It is a lawful necessity in the UK that your company deposits and personal deposits have a different record as both the organization and the head are two separate legitimate characters.

While setting up a business bank account after your offshore company formation, whichever bank you choose to set up an account with will have tax evasion directions set up and hence different checks will be done. You will in this way need to send a distinguishing proof report, for example, a genuine travel allow or driving license. Accounts for example bank statements and utility bills may have to be shown as confirmation of your personal location. What’s more, certain banks will moreover wish to see official company formation reports, for example, the Certificate of Incorporation and Share testaments.

While choosing which bank would good for you might need to think about a some of this things.

  • Bank charges & fees – Check out the lifetime rates that are being tendered by the banks, regardless of the possibility that the bank has an introductory time of free business banking.
  • Referrals & testimonials – See what completely different business customers are recommending and using.
  • Telephone/Online bank account – Ask if they offer these services as you will probably need to utilize them two at some focus.
  • Credit – do you need to get a loan or overdraft to support you off the ground? If the bank really wants to give this close by a business credit and debit card?

If you have gone through an offshore company formation process in. UK, a free bank account services offered by banks like HSBC or Barclays when you set up your company. They will send your identity document to the bank for your sake who will then be in touch with you to set up an account. A lot of Non-UK residents are much interested in setting up a business account in the UK. This is possible but the method could be more mind-boggling than it might be for UK residents. In that case, you are experiencing issues opening up a bank account in the UK whereas it may be worth setting up an account in your local nation which is comprehensively scattered. Banks, for example, HSBC and Barclays have a worldwide presence and likewise, have numerous workplaces in the UK.

Company formation is important, but it may cause a lot of trouble and time taking which is not acceptable, especially when it comes to people who are very new to the business environment. It can be made easy with the variety of services available and what is better is that these services are usually not very expensive to apply for and you will receive assistance from professionals who have had years of expertise.

If you are planning for company formation the UK, connect with Startup Formations which deals with UK company registration with a ready-made bank account and assists people across the world.