Limited Company Question

[GOS1234]

Hi,

If you had for example more than more Limited company, what advantages would there be in putting the domain names of these companies into 1 limited company.

Take for example Peter Jones from Dragons Den, if you look at the registration details for his company's domain names they are all registered to one company PJ Domains Limited

Just wondered if there would be any advantages in me setting up (for example) XYZ Domains Limited and then changing the registered to details and future domains to XYZ Domains Limited.

Thank you

 

[StevensOnln1]

If Company A went into liquidation any domains it owned would be offered for sale as assets of the company. If those domains were instead owned by Company B and licensed to Company A they would not be sold if Company A was liquidated as they would not be Company A's assets.

If you are going to do something similar yourself then make sure you have a licensing agreement in writing to backup any future claim over who owns the domains.

 

[GOS1234]

Thank you for your reply.

So if I was going to do this and set up XYZ Domains Limited would this company actually have to purchase the domain names or could Company A Limited buy the domain name and then just put it in the name of XYZ Domain Limited.

The only reason I ask is that technically XYZ Domains Limited is a non trading company and has no income?

Thank you

 

[StevensOnln1]

Why not just register the domains personally and license them to the company?

 

[GOS1234]

That sounds like a good plan thank you

 

[LowPrices.uk]

I would imagine that a separate company is created to manage domain names when someone owns quite a large number of domain names that are used for different companies that they own, and it's primary purpose is ease of administration of domain names.

Whether it's a good idea to streamline administration in this way will also depend on who owns the companies that the domains represent.

Rgds

 

[Annoying Donkey]

So if I was going to do this and set up XYZ Domains Limited would this company actually have to purchase the domain names or could Company A Limited buy the domain name and then just put it in the name of XYZ Domain Limited.

Issue dividend from Company A.
Use dividend to buy shares in XYZ Domains Limited.
XYZ Domains Limited uses share fund to buy domains.

The only reason I ask is that technically XYZ Domains Limited is a non trading company and has no income?

Perhaps a Trust would be better. No companies house involvement.