| Commentary

44 Forming a bespoke company

| Commentary

44 Forming a bespoke company

So far, it has been assumed that the legal adviser will be applying for registration of a new company on behalf of the proprietors of the new business. This is usually referred to as the formation of a ‘bespoke’ or ‘tailor-made’ company. In such a situation, the proprietors of the new business will typically be the first company officers and will also be the subscribers to the company’s memorandum.

The main advantage of forming a bespoke company is that the articles can be drafted to meet any specific requirements of the clients. For instance, provisions can

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial