Using a Dormant Company for Company Formation

by setting up the company, many people have decided to use a dormant company but at the beginning of a brand new company. There are many advantages and reasons for it.

dormant company
Dormant company is a company that is registered with Companies House, however, is not any accounting transaction of importance and not traded. After a dormant company registered in order to prevent anyone else from using particular company name is usually placed on a database of home. However, there are times when sleep does not benefit the company, and can be sold or changes hands. Therefore, another person may be able to fully take advantage of dormant company.

Benefits of Using a dormant company

There are numerous use of dormant companies in relation to the management of new company formation. Obviously, the fact that the company has already registered is a big advantage. Using dormant company with his new job is almost no risk of rejection, especially if the original name was retained because it is already on the Companies House register.