It is possible to purchase a defunct company. The process of buying a defunct company involves researching the company’s assets, liabilities and potential customer base, as well as obtaining the necessary legal documents to transfer ownership. Once the purchase is complete, the new owner will have to decide if they want to revive the company or if they want to liquidate its assets. This decision will depend on the amount of capital available, the condition of the assets and the expertise required to restart the business. The buyer may also need to register the company with the relevant authorities and obtain the necessary licenses and permits.