Are you looking to start a business in Germany? Consider purchasing a ready-made company with a change of business activity. This option allows you to hit the ground running, saving time and effort on company formation and registration.
What is a Ready-Made Company?
A ready-made company, also known as a shelf company, is a pre-registered company that has not conducted any business activities. It is essentially a company that is already incorporated and ready to be transferred to a new owner. In Germany, ready-made companies are often used by entrepreneurs who want to start a business quickly.
Benefits of Buying a Ready-Made Company in Germany
- Time-Saving: Purchasing a ready-made company saves you time on company formation and registration, allowing you to start operating your business immediately.
- Quick Entry into the Market: With a ready-made company, you can quickly enter the German market and start conducting business.
- Avoid Bureaucracy: Buying a ready-made company helps you avoid the bureaucratic process associated with setting up a new company.
- Existing Bank Account: Some ready-made companies come with an existing bank account, making it easier to manage your finances.
Change of Business Activity in Germany
In Germany, it is possible to change the business activity of a company after it has been incorporated. This process is known as “Gegenstandänderung” in German. To change the business activity, you will need to amend the company’s articles of association and register the change with the commercial register.
Steps to Change Business Activity:
- Notarization: The change of business activity must be notarized by a German notary.
- Amend Articles of Association: The company’s articles of association must be amended to reflect the new business activity.
- Registration: The change must be registered with the commercial register.
- Notification: The company’s bank and other relevant parties must be notified of the change.
Why Buy a Ready-Made Company with Change of Business Activity?
Buying a ready-made company with a change of business activity offers a convenient and efficient way to start a business in Germany. This option allows you to acquire a company that is already incorporated and then change its business activity to suit your needs.
If you’re considering starting a business in Germany, purchasing a ready-made company with a change of business activity is definitely worth exploring. With the right guidance and support, you can quickly and easily establish a successful business in Germany.
Key Considerations When Buying a Ready-Made Company
Before purchasing a ready-made company in Germany, it’s essential to conduct thorough due diligence. This includes reviewing the company’s financial records, ensuring it has no outstanding debts or liabilities, and verifying its corporate structure.
- Financial Records: Review the company’s financial statements to ensure it has a clean financial history.
- Liabilities: Check for any outstanding debts, loans, or other financial obligations.
- Corporate Structure: Verify the company’s corporate structure, including its shareholders, directors, and authorized representatives.
Costs Associated with Buying a Ready-Made Company
The costs associated with buying a ready-made company in Germany can vary depending on several factors, including the company’s age, structure, and the complexity of the transaction.
Some of the typical costs include:
- Purchase Price: The cost of acquiring the ready-made company.
- Notary Fees: Fees associated with notarizing the transfer of ownership.
- Registration Fees: Fees associated with registering the change of ownership with the commercial register.
- Legal Fees: Fees associated with conducting due diligence and drafting the sale and purchase agreement.
Finding a Ready-Made Company for Sale
There are several ways to find a ready-made company for sale in Germany, including:
- Business Brokers: Specialized business brokers can help you find a ready-made company that meets your needs.
- Online Marketplaces: Online marketplaces and business-for-sale websites can provide a platform to find ready-made companies.
- Professional Networks: Networking with professionals, such as lawyers, accountants, and business consultants, can help you find a ready-made company.
Buying a ready-made company with a change of business activity can be a convenient and efficient way to start a business in Germany. By conducting thorough due diligence and understanding the costs and process involved, you can make an informed decision and establish a successful business in Germany.
