AbacusHKCPA - Company Formation and Company Registration by Hong Kong Accountants (HKCPA) |
Abacus CPA |
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What is the difference between "Tailor Made" and "Ready Made" company?
"Ready Made" means the company is formed and put in list for purpose of selling.
There are already 2 shareholders each holding 1 share. Instead of forming a brand new tailor made company, we arrange to transfer the 2 shares to new shareholders. The company can be used instantly and saves time of at least 7 days. Other than saving time, sometimes you may need a company with incorporation date several months ago. This helps for management to "ratify" (or "inject") certain business transaction into a company. |