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Commentary

44 Forming a bespoke company

BUSINESSES vol 4(2) start-up, sale and purchase
| 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

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