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FORMit Fact of the Week

Tip #26: Following all company formations any company which does not file its annual return in respect of any one year is liable to be struck off the register and dissolved. On dissolution, any assets will vest in the Minister for Finance by operation of law. Start up a business in 2012! More Tips...

 
USEFUL FACTS
  

ADVANTAGES AND BENEFITS OF A LIMITED COMPANY
DIRECTORS
SECRETARY
COMPANY NAME
REGISTERED OFFICE
MEMORANDUM OF ASSOCIATION
ARTICLES OF ASSOCIATION
TAX BENEFITS

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A company is a separate legal entity which is formed to facilitate the carrying on of business or to hold property or other assets. The vast majority of limited companies used in business are private limited companies.
Some entrepreneurs decide to trade without the protection of a limited liability company. In such cases, where the individual decides to trade under a name not being his/her surname, accompanied if he/she so wishes, by the first name(s) or the relevant initials(s), he is obliged to register with the Registrar of Business Names. We are quite happy to arrange for the completion and submission of such registration application.
 Most trading partnerships consist of between two and twenty individuals none of whose liability is limited. However, a limited liability company may become a partner, provided that there is at least one individual in the partnership who, of course, would be responsible for all unpaid debts of the firm.
 
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If you intend to start up your own company, to become self-employed or to re-locate your business to Ireland, we will provide you with a fast, efficient and tax-compliant start-up service. We at FORMit.ie will take you through the steps required to form a company, commencing with an online search for your proposed company name linked to the Companies Registration Office (CRO) - the Irish Government body responsible for incorporating companies in Ireland. Having obtained the legal name for your entity, we then prepare custom-designed Memorandum and Articles of Association pursuant to the Companies Acts, 1963 to 2009 (a CRO legal requirement) and ensure that all necessary documentation is correctly completed and forwarded to you.

We specialise in online express company formations, guidance in the choice and registration of a legal name for your entity, and all Company Law compliance documentation in Ireland. Services at FORMit.ie also include business name registration, development of the business structure, such as Value Added Tax (VAT) registration, post-formation changes and other related procedures which may be required in Ireland.

Our excellent on-going relationship with the CRO will enable us deal efficiently with all post-formation changes and additions, which you may subsequently find necessary to register to ensure compliance with Company Law (e.g. the addition of a director to your company, the change of company secretary, or the registration of the issue of additional shares).
 

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