Can I register and create a business with the sole intention of using it to sell a bunch of web-domains as a bundle via selling the entire business?

[JejuIslandKR]

This is a long and complex post, with three questions, and any good help would be appreciated.



Question 1

I live in England, and, at present, I do not own a business.

I own a bunch of web-domains (aka "domain names" - for example, cubancigars.com is a web-domain: an address for a website comprising some letters, plus a few dots, which costs about 13 US Dollars a year to own) - (I do not own cubancigars.com by the way - I am just using it as an example). I would like to sell my bunch of domains as a bundle, in one transaction (as opposed to selling the domains individually). However, despite me searching the internet high and low, I have found that there is no service which would allow me to sell more than one domain at a time.

One day, I had a thought: perhaps, if I created a business/company, and subsequently somehow listed all my domains as some kind of "assets" which are property of the business, then, if I subsequently sold the business, then the domains would be sold along with the business, in one fell swoop. I have absolutely zero knowledge, or experience, of running a business in the UK, and, thus, I have no idea if this would be possible

So, my first question is to ask if this would be possible.



Question 2

I have another question, too

You see.....the business would literally only be registered with the view to sell it as soon as possible should a buyer meet my asking price.

So, my plan would be to: register the business; quickly make all my web-domains assets of the business; then list the business for sale on some website; then sell the business.

My second quesion is to ask if this would even be legal, because, firstly, I assume that it would perhaps be illegal to register a business in the UK with no plan for the business to make a regular day-to-day income prior to the sale of the business (the business would be formed solely with the intent to sell it ASAP); and, secondly, I would be listing items as assets of the company, not for usual reasons a business-owner would, but, rather, to make for a convenient sale of a bunch of domains.

I would pay tax on the money I get from selling the business, if need be, so it's not like I would be of any detriment to the world by selling my business. But I don't know if my plan would ultimately be legal.



Question 3

How would one go about listing web-domains as assets of a UK company?

 

[Gecko001]

There was a bit of a craze about 10 years ago where people bought bundles of stuff at auctions which comprised mostly fairly worthless stuff, but they bought the bundles hoping to find a few high value items in amoung the junk. Various TV programmes have been made based alone these lines. Also, I sometimes see bundles on Ebay, such as bundles of secondhand watches. However, most of those TV progarmmes area bit fake and the bundles on Ebay have obviously been picked over to take out the good stuff before listing them. As a result many buyers get very suspicious of bundles. Will the same happen with bundles of domain names? Who knows unless you try it. You might get the naive buyers to bite as there are a lot of wanabe millionaires out there.

 

[fisicx]

But the question was about creating a company to sell the bundle. You don’t need to do that. You just market a bundle of domain names and hope there is some idiot out there willing to cough up a few bob in the vain hope they have value.

 

[Gecko001]

But the question was about creating a company to sell the bundle. You don’t need to do that. You just market a bundle of domain names and hope there is some idiot out there willing to cough up a few bob in the vain hope they have value.

My point exactly. The question that @JejuIslandKR has put about the complex company structure is moot, if the product does not sell.

Maybe @JejuIslandKR thinks that they can get the big boys interested in the product by devoting a whole website to it. A sort of site for domain traders?