Taking Over a Ready-Made Company: What Gets Changed

Quick answer

Taking over a ready-made company means appointing your directors and secretary (Form B10 within 14 days), transferring the shares to you, updating the company's registers, and notifying the RBO of the new beneficial owners within 14 days of recording them in the company's own register. Optional changes include the name (Form G1Q) and the constitution.

2 min read · Prepared by the ReadyMadeCompany.ie team and reviewed by a qualified accountant (FCCA or ACCA)

The changes

  1. Directors and secretary. The existing officers resign and yours are appointed. A Form B10 goes to the CRO within 14 days. New directors need a PPS number or an Identified Person Number (IPN).
  2. Shares. The shares are transferred to you on a stock transfer form and the directors approve the transfer. You become the shareholder when the transfer is entered in the register of members, and new share certificates are issued.
  3. Registers. The registers of members and of directors and secretaries are updated.
  4. Beneficial owners. The company's own register of beneficial owners is updated, and the RBO is notified within 14 days of that entry.
The transfer is included

Directors, shares, registers and the RBO, filed for you, from €399.99 + VAT.

Reserve a company

Optional changes

  • Name: a special resolution and Form G1Q; the company keeps its number and incorporation date.
  • Constitution: updated by special resolution if you need different objects or rules.
  • Tax: registering for corporation tax and VAT with Revenue before you start trading.

The EEA director rule

At least one director must be resident in the EEA, unless the company has a Section 137 bond or a Section 140 certificate. Plan this before the transfer, so the company still meets the rule when the outgoing directors resign.

Sources

Last checked 14 November 2026 against the Companies Act 2014, CRO and RBO guidance. This is general information, not legal or tax advice for your company.