Registration and obtaining a licence or buying an existing company – which is better

Lately, an increasing number of entrepreneurs prefer to purchase an existing company with a valid waste management licence or a licence for performing various works. The rise in demand is driven by the complexity of processing documentation from scratch.

While registering a new enterprise usually does not take much time and is not difficult, obtaining a licence is a much more problematic process.

Even compliance with all requirements often leads to a refusal to issue the permit or temporary delays. On average, it takes two to three months to obtain a licence, and sometimes even longer. In the meantime, the company’s authorised representative has to stand in huge queues, face bureaucracy, rudeness, and the incompetence of officials in the sector.

It is much faster and easier to buy an existing company that already has a valid licence. Numerous companies provide such services. Relevant offers can also be found on classifieds boards.

Advantages

An existing company with a waste management licence has a number of advantages:

·         Time savings. Purchasing a company and completing the transfer rarely takes more than one to two days. After that, the owners can start their business activities. No additional documents are required for this. They immediately receive everything necessary.

·         Money savings. Specialised firms charge a certain fee for obtaining a licence. Most often, this amount is significantly higher than the cost of an existing enterprise with a licence.

·         Nerve savings. Dealing with regulatory and licensing authorities is not the most pleasant experience. Unfortunately, many officials still consider themselves the elite. As a result, a person has to endure a lot of unpleasant remarks and go through humiliating procedures. When buying an existing company, all these moments can be avoided.

·         Guaranteed result. Acquiring a company with a licence allows you to start working immediately.

When buying an existing company, it is important to pay attention to the validity period of the licence, as well as the company’s balance sheet. The company should not have any debts to the state budget or other firms.