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  • Events Archives - Irish Formations
    Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Events Legislation Starting a New Business Register Now for StartUp Weekend Cork April 5th 2013 Posted on 18 03 2013 by Mark Hegarty What does it take to be an entrepreneur Startup Weekend Cork April 5th 2013 takes place in UCC Western Gateway Building Cork Startup Weekend is a global network of passionate leaders and entrepreneurs on a mission to inspire educate and empower individuals teams and communities Getting an idea off the ground and running as a successful business is a daunting task and even generating interest in your idea can be difficult if you don t have an audience Start up weekend is just where budding entrepreneurs can profile their ideas and turn them into reality The Startup Weekend is a global movement with events happening all over the world The weekend follows a set model where ideas are pitched and the entrepreneurs get feedback from their peers Teams form around the most popular ideas as divided by voting and the the ideas are developed into business models The ideas are then presented to entrepreneurial business leaders where they are then given further feedback I will be attending this event to see the flurry of activity that will be happening in the UCC Ignite campus over the 54 hours We are looking forward to seeing the high pressure of business planning in such a short space of time 54 hours will run out very quickly for the attendees To register for Startup weekend click here The global website is available here Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Events Tagged business plan business start up Company directors Company incorporation Start a business start a business in Ireland Start a new business Register a new company Now Find Out More Our Blog by Email Enter your email address to subscribe Mailing List Join our FREE Mailing List Privacy by SafeSubscribe SM Join Now Recent Posts Register a company in Ireland 18 03 2015 New Companies Legislation 13 03 2015 Non Resident Director Bond 11 03 2015 Company Formation with Limited Liability 13 02 2015 Deadlines to get a company formed in 2014 02 12 2014 Changing Memorandum and Articles of Association 20 11 2014 Register a business name 17 11 2014 Tax Registration 22 10 2014 Article Categories Business Incubation 1 Business Names 5 Business Tips Tricks 24 Customer Service 5 Events 2 FAQ s 19 Forming A Company In Ireland 3 Guest Blog 4 Legislation 19 Move a company to Ireland 5

    Original URL path: https://www.irishformations.ie/category/events/ (2015-06-28)
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  • FAQ's Archives - Irish Formations
    location Why Ireland There are many reasons to consider Ireland as a country to incorporate and run your business such as The Irish Government have a solid policy to support new business Enterprise Ireland the body to assist business development abroad is one example One of the main reasons to incorporate in Ireland is the Irish Corporation Tax Corporation taxes in Ireland is 12 5 Ireland is English speaking and is a gateway to the rest of Europe Global companies such as Google eBay Facebook have all decided to host their European headquarters here Ireland has an important enterprise culture a very good young and well educated workforce and supportive environment and is a world leader in innovation The minimum share capital requirement to form a company limited by shares is just 1 00 Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in FAQ s Tagged business start up Company Formation Company incorporation form a company in ireland Company Formation Deadline Reminder for 11th December Posted on 04 12 2013 27 05 2015 by Mark Hegarty Company Formation Deadline Reminder for 11th December We wanted to remind our valued clients of the deadlines for forming a company before the year end 2013 If you are going ahead with your company formation or your clients company formation if you are an Accountant or in the Legal profession its time to get your submissions in to us The deadline for getting your signed documents back to us is 11th December The process for forming a company is as follows Choose your package from the packages page at here Submit your information to the form The form will guide you through the process Then wait for the signature pages we email you with a complete set of instructions You print sign the attached forms and post them back to us before the deadline of 11th December Once your company is formed we will notify you and send your pack Some packs may be posted at different times depending on the package you choose If you require VAT Corporation tax registration this can take longer to go through the registration process with Revenue If you require any information regarding forming a company in Ireland give us a call on 353 21 4217322 or use the Contact Us link below Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Customer Service FAQ s Tagged Company directors Company Formation Company incorporation form a company in ireland Move a company to Ireland New Companies Bill Start a business Company Formation Deadlines for year end 2013 Posted on 07 11 2013 27 05 2015 by Mark Hegarty Company Formation Deadlines for year end 2013 Company Formation Deadlines for year end 2013 are approaching fast If you are a volume client or are planning to have your company formed before the end of 2013 you will need to act soon to be in time Submissions through our website will be on a first come first served basis and November December is a busy time The deadline date for the return of signature pages is 11th December We would advise our clients that getting your company information submitted on the website in November will guarantee a company formation in 2013 For individuals seeking VAT registration and Corporation tax registration a submission on www irishformations ie in November is also advisable The process for forming a company with Irish Formations is as follows Choose your package from the packages page at here Submit your information to the company formations form The information required is the names resedential addresses and dates of birth of the Directors Shareholders names and the distribution of issued share capital to each shareholder The ammount of Authorised share capital for the company The Limited Company Name and the details of the company Secretary The form will guide you through the process Then wait for the signature pages we email you with a complete set of instructions You print sign the attached forms and post them back to us before the deadline of 11th December Once we have the company number we will email you and send your postal pack with all your documentation Once we have your signed pages the company takes between three and five days to register and all your documentation will be uploaded to our secure site online for you to download free of charge at any time Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks FAQ s Tagged business start up Company Formation Company incorporation form a company in ireland Form a Company Limited by Guarantee without Share Capital Move a company to Ireland We have moved to a new address Posted on 01 10 2013 27 05 2015 by Mark Hegarty We have moved to a new address We have now completed our move from the Atrium Business Center in Blackpool Our new address is Irish Formations North Point House North Point Business Park Old Mallow Road Cork This moves us just down the road from our new address in a larger unit which will facilitate expansion of our business The Atrium Business Center looked after us very well indeed and we would like to thank Amy Keating Jim Keating and Dermot Walsh for looking after us so well Northside for Business We attended the Northside for business conference last Friday in Cork Northside For Business is an initiative of the Northside Economic Development Group a public private partnership which aims to develop enterprise and employment on the Northside of Cork City which will contribute to the regeneration of the area As a business located in the Northside of Cork we are delighted to be able to contribute in any way we can to this initiative We will also be taking a stand at the business showcase on Saturday October 19th The Northside for Business Showcase is a very important showcase for the businesses on the Northside of Cork City to demonstrate to the general public the range and diversity of businesses in the region We very much look forward to it More information can be found at www northsideforbusiness ie If you are looking for any advice regarding a company formation in Ireland or have questions about our services please contact us Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in FAQ s Services Starting a New Business Tagged buy a company seal Company Formation form a company in ireland Legislation News Start a business Company Formation Documents Posted on 12 03 2013 15 05 2015 by Mark Hegarty When we form a company for you you are sent a set of company formation documents in the post to complete the process Depending on what company formations pack you have chosen this set of documents is as follows We have chosen the Premium Pack as an example Certificate of Incorporation This document is issued to you once your company is incorporated and must be displayed at the Registered Office of the company It contains the Company Number Limited Company Name Incorporation Date and is signed by the Registrar of Companies Memorandum and Articles of Association This document is your companies constitution and contains your share structure and objects of your company Your objects are what your company activity is The Memorandum contains information on the Share Structure and shareholders of the company Share Certificates We issue share certificates to all shareholders and the document can be embossed by a company seal The share certs contain the name of the shareholder the limited company name the company number and the registered office address of the company Schedule of company Officers These pages outline the Directors and Secretary of the company containing their Address and appointment date First Meeting Minutes This document outlines the minutes of the first meeting of the company regarding the company incorporation Directors Secretary s Booklets We provide a booklet for the company secretary and the Directors to give you information on your duties and responsibilities as the officers of a Company We also provide these for download any time you need them in your own secure account online Company Seal If you take a Standard or premium account you receive a Pliers company seal which you can use to emboss important documents and contracts The Seal is formed with your Limited Company Name and company number Bound company Register This book contains pages for you to outline Minutes Directors interests all Directors and Secretaries debentures register of all officers Register of Mortgages Register of Share transfers and Register of share applications and allotments Head Start Vouchers We have developed offers for you if you come to us direct or for your clients If you form companies with us in volume Irish Formations work with partners to help you get the very best products and prices so you can get a head start when setting up your business Free Com Domain We have partnered with Register365 to give you a free com domain You can redeem this once your company is formed Unlimited Downloads You can download your documents at any time through your account on our website saving you further fees Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Customer Service FAQ s Services Starting a New Business Tagged business start up Buy a company Company Formation Company Formation Documents Company incorporation Legislation Move a company to Ireland Register a business name Start a business Guarantee Company Without A Share Capital Posted on 07 03 2013 by Mark Hegarty Guarantee Company Without A Share Capital The types of organisations who form a Guarantee Company Without Share Capital are Charitable Organisations Property Management companies Educational Establishments and Professional Bodies as they want to secure the benefits of separate legal personality and of limited liability but do not require to raise funds from the members The Liability of the members of the company is limited to the amount they have contributed to the assets of the company in the event it is wound up not exceeding the amount specified in the memorandum As the company does not have share capital the members of the company are not required to buy shares in the company Many companies of this type wish to apply for tax exemption and the Memorandum and Articles of association of this type of company must be specifically scripted for this application The information required to form this type of company is as follows The company name You can check the availability on our website free of charge and get instant results There must be two directors and their Residential addresses and dates of birth are required The activity of the company must be submitted in the Memorandum of association There must be seven subscribers to the Memorandum and Articles of association The directors can be subscribers and their names Residential addresses are required A company secretary must be nominated this can be a Director The Name and Residential address of the Secretary must be submitted An address within the state must be used for the registered office and this cannot be a P O Box If you require this type of company to be set up we can process this for you between 3 and 5 days of you submitting your information from the Directors Secretary and Subscribers Please fill in the form below if you require further information or require a quotation Fill out my online form Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in FAQ s Legislation Services Starting a New Business The New Companies Bill is Published in Ireland Posted on 22 01 2013 15 05 2015 by Mark Hegarty The New Companies Bill which was published by the Minister for Jobs Enterprise and Innovation Richard Bruton TD has been described as the largest substantive piece of legislation in the history of the State The Bill which was published on 12th December consolidates the existing 16 Companies Acts which date from 1963 to 2012 There are many positive aspects about this publication which could come into law in 2014 One of the driving forces for this bill is to make Ireland one of the best small countries in which to do business and many of the new innovations in the bill are welcome The main benefit for new companies is the cost savings that they will benefit from The bill reduces red tape and will make the legislation easier to understand The most common type of company incorporated in Ireland is a Private Limited Company Limited by Shares This type of company will be at the centre of the legislation The main changes to the legislation is as follows It will be possible to have only one director in the company instead of currently having to have two Directors Currently there is no facility for Private Companies to engage in Mergers and divisions This will be facilitated under the new legislation The Memorandum Of Association currently provides for an Objects Clause describing the company activity What they can and cannot do Under the new legislation there will be no Objects Clause instead the company will have the same legal capacity as a natural person This will aid commercial transactions and companies interactions with banks and lending institutions the bank will no longer need to require a company to establish usually at the company s own cost that the company has the legal power to borrow money for the purpose of the activity which it wishes to carry out Audit Exemption availability will be extended to Dormant Companies and Group Companies SME s will be able to apply to the Circuit Court for Examiner ship The current Private Limited Company will become known as a Company Limited by Shares or C L S Much of the Case Law regarding legal and equitable duties of Directors is set out over 150 years Under the new legislation these duties will be codified under the bill making this law more accessible and transparent The company will no longer be required to hold an Annual General Meeting as currently required Instead the company will be able to complete this by written procedure An interesting change is that a company will no longer need to draft Memorandum and Articles of Association Instead the company will have a one document constitution The bill will contain provisions by default The company has the option to vary any of the provisions contained Offences under company law will be categorised by severity Category one will have the most severe penalty of 500 000 or 10 years imprisonment There will be a new Summary Approval Procedure This will allow companies to perform certain activities by means of a directors declaration and a Shareholders resolution Currently activities require a High Court approval Other company type changes include It will be easier for companies to change their company type where they find that they have a change in their circumstances Under the bill PLC s Guarantee Companies Unlimited Companies will have dedicated parts which will improve the accessibility and visibility of the law for all users Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in FAQ s Legislation Starting a New Business Tagged business start up Companies house Company Compliance Company Formation Company incorporation form a company in ireland Legislation Move a company to Ireland New Companies Bill Richard Bruton T D Set up an irish company 1 Comment Is my Limited Company name available Posted on 20 11 2012 by Mark Hegarty The availability of a limited company name is one of the first hurdles to cross once you have decided to form a limited company in Ireland You should be armed with the information available to help you decide on the name but remember all is not lost if the Limited Company Name is not available Firstly remember it is not possible to use the work Limited if you are not a limited company Many directors want to use the word limited as

    Original URL path: https://www.irishformations.ie/category/faqs/ (2015-06-28)
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  • Forming A Company In Ireland Archives - Irish Formations
    are governed by the law of the EU Member states After all this means that most of the unlimited companies in Ireland can keep the state of their financial affairs private as they don t have to file their accounts at the CRO when they file their annual return no audit exemptions anyway Third parties can t see any accounts at the CRO thereby getting no access to the company s cost structure e g earnings margins staff salaries Thus it is not surprising to find well known companies like Dunnes Stores and Jonssen Pharmaceuticals among the unlimited companies in Ireland In 2006 the Irish divisions of Apple decided to re register from a limited company to an unlimited company followed by LinkedIn Ireland in 2013 Registering an Unlimited company in Ireland though it is risky under circumstances of economic uncertainty gives you an advantage to your limited liability competitors as you can keep your financial affairs safe to a certain extent Irish Formations can guide you through the process of setting up your own unlimited company Feel free to contact us for further information Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Forming A Company In Ireland Benefits of forming a company in Ireland Posted on 10 09 2014 15 05 2015 by Mark Hegarty Benefits of forming a company in Ireland When forming a company one of the first questions you will need to answer is why Ireland There are many Benefits of forming a company in Ireland If you are a resident of the European Economic Area EEA Ireland is probably the best choice Why is that As a member of the EEA Ireland offers many advantages The Euro currency brings a transparency in prices and you re not dependant on floating exchange rates You benefit from the freedom of establishment and more than 60 double taxation agreements between Ireland and other states Ireland has an excellent pro business environment According to the IMD World Competitive Yearbooks from 2012 up to 2014 Ireland has improved its worldwide rank from 20 to 15 being ranked for Economic Performance in 2014 on rank 19 and Business Efficiency in 2014 on rank 4 following Hong Kong the USA and Switzerland Ireland offers a stable and well developed legal regulatory and corporation environment You don t have to struggle with bureaucracy as the process of forming a company is pretty straight forward at low cost rate within 3 5 working days and minimum effort Any changes to yours company structure can be amended easily Ireland offers well educated professionals speaking perfect English A business based in Ireland is an ideal starting point to establish relationships in the USA and

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  • Guest Blog Archives - Irish Formations
    and have no funds left to promote it Ensure that your website it built on a platform where you can update the content yourself You should also ensure that you get the appropriate training for this Work with an Internet Marketing Company that you are confident will still be here in 12 months time and that will work with you on an ongoing basis Penny Wise and Pound Foolish My final advice is to be careful when you are cutting corners online When choosing a company to work with don t take chances There are a lot of good Web Design and Internet Marketing Companies out there but there are also a lot that are not so good always check references In many cases your web presence will be the first impression that potential clients will get about you and your business In today s world when someone passes your name to a prospect it is very likely that before they contact you they will check you out online If your online presence is not up to scratch you will have lost those prospects without ever knowing John Brennan Internet Marketing Consultant Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Guest Blog Starting a New Business Tagged Branding Business names business start up internet tips Start a business Guest Blog It pays to shop around and save your Business time and money Posted on 31 10 2012 by Mike McGrath Reducing costs has become a fact of life for Irish businesses and business owner managers need to be more efficient than ever As always it is the little things that count a 10 increase in profit is more likely to come from 20 things that contribute 0 5 each than from one thing that gives you the full 10 It is also easier to reduce your businesss costs by 10 these days than to increase your revenue by a similar percentage One simple practice to reduce costs is to get at least three quotes on everything you purchase If you spend more than 200 on anything during the year it can pay to shop around Be specific with your requirements exact product service usage and put it out to tender Large businesses the Government and purchasing managers have been benefiting from tendering eTendering for years so you should too Here are 5 reasons to shop around and get three quotes for your business 1 Massive savings can be achieved by identifying suppliers with low margins and low overheads A huge range in prices can exist for the exact same products so it pays to identify these suppliers especially for commodity products services where all other buying criteria is irrelevant 2 If you or the buyers in your business are not product service experts or you are sourcing something for the first time the value of three quotes allows you to make an informed decision while quickly ascertaining what is the market value for this product service 3 Suppliers have various considerations to take when pricing Your timing to get three quotes can have a major impact on the price What if the supplier has excess stock What if the supplier has had a similar order cancelled What if the supplier has a delivery in your area What if the supplier is keen to keep production running All these elements can reduce your costs so it pays to get three quotes frequently 4 Prices are constantly changing these days Raw material manufacturing and distribution costs can vary month by month if not week by week Some businesses absorb such increases while others do not make sure you are dealing with competitive suppliers by tendering frequently This cannot be understated getting three quotes is not a one time exercise The most competitive businesses get three quotes frequently to ensure they are paying market prices 5 Essentially shopping around is the simplest most effective way to reduce your business costs Cutting costs only means one thing more profit for you and your business By looking at these areas you ll be able to increase your profits even in the current economic climate Mike McGrath www supply ie Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Guest Blog 1 Comment Guest Blog Do you understand the communication between you and your target customer Posted on 19 10 2012 by Vincent Scanlon At B2B Signs and B2B Print we help people portray their business PROPERLY to their target market through signage vehicle graphics pull up stands pop up stands reception signs window graphics business cards leaflets brochures banners etc etc etc Why am I starting with that no not for the advertisement value but to outline that over 15 years I have had many opportunities to see businesses presenting themselves well and presenting themselves poorly I have watched many buyers making the buying decision and this has given me frontline experience as to what buyers take into account when considering a purchase I have two business card stories to help you get your head around this One was the occasion when I was at a funeral and met a few guys I knew at the reception afterwards The only one I didn t know in the group of four was introduced to me and we shook hands One of my acquaintances encouraged him not to be shy and offer me his

    Original URL path: https://www.irishformations.ie/category/guest-blog/ (2015-06-28)
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  • Legislation Archives - Irish Formations
    it comes into law in June Our website will be changing to reflect the act and its provisions Our Services Page will change dramatically on the due date and as we get closer to the due date If you need any information on forming a company in Ireland before this time then please don t hesitate to contact us Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Services Tagged Company Formation Company Registration company set up Forming a company New Companies Act registering a company setting up a company in ireland starting a business Non Resident Director Bond Posted on 11 03 2015 by Mark Hegarty Non Resident Director Bond As discussed earlier Link to https www irishformations ie benefits forming company ireland Ireland is a favorable place for a company formation Section 43 of the Companies Act was introduced in 1999 and required every Irish Company to have at least one Irish resident director With the Amendment of the Companies Act in 2009 this regulation was softened insofar as every Irish registered company is now required to have at least one director who is a resident of the European Economic Area EEA The EEA consists of all current member states of the European Union plus Liechtenstein Iceland and Norway The countries are Liechtenstein Iceland Norway Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom Setting up a company in Ireland without having an EEA based director requires a Section 43 Non Resident Director Bond in force to the value of 20 000 or 25 394 76 respectively In case of a failure of the company the Bond will be monitised to pay fines and related costs imposed to the company due to offences under the Companies Act 1963 1999 or the Taxes Consolidation Act 1997 e g the failure to file annual returns and audited accounts on time or the failure to supply required forms to the Revenue Commissioner Authorised classes of persons to enter into a Bond are banks building societies insurance companies and credit institutions The effective date of the Bond may not exceed 4 working days prior to the date of the company s incorporation The validity period of the Bond has to be at least 2 years As it is required as long as a company doesn t have a director who is resident in an EEA member state the Bond may have to be renewed after this period If a company fails to renew a still required Bond or to organise a Bond in case of the only EEA resident director ceasing it can be struck off by the Registrar of Companies and the directors might face a law suit After incorporation a company can be exempt from the requirement to have a Bond if the company has a real and continuous link with one or more economic activities that are carried on in Ireland The legal basis regarding the Non Resident Director Bond and containing all the given information are the Companies Amendment No 2 Act 1999 Bonding Order 2000 and the Companies Amendment Act 2009 Irish Formations can organise a Section 43 Bond for your company formation if required Contact us for further information Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Tagged Company Formation non resident directors bond register a company setting up a company Company Formation with Limited Liability Posted on 13 02 2015 by Mark Hegarty Company Formation with Limited Liability in Ireland By Wiebke Wolter Before starting your business in Ireland you have to decide what type of entity you require i e whether you would like to trade as a Sole Trader Partnership Limited Company or Unlimited Company A very important aspect influencing this decision is the one regarding the limitation of liability to the directors of the company What is limited liability In case of debt on insolvency the liability of the shareholders is limited to the amount remaining unpaid on the shares hold by them Hence the personal assets of directors and shareholders are not at risk where the company has been compliant In case of insolvency the company assets are used to pay outstanding debt as much as possible Which advantages does limited liability have First of all by having a limited company you can enjoy peace of mind With a Sole Trader Partnership structure personal assets of the members are not protected in case of insolvency You could lose all of your investment but you won t be held personally liable for the debt of the company Second a limited company is a separate legal entity trading on its own rights The company is not affected by the death of a director or shareholder Contracts and lawsuits refer to the company not the directors or shareholders as individuals and the company name is protected against use by others Third a limited company can carry financial advantages The Corporation Tax at a rate of 12 5 is one of the lowest in the world Limited companies enjoy higher business credibility Furthermore they have additional finance options which encourage their growth They can sell new shares access the Business Expansion Scheme take grants and are in comparison to Sole Traders Partnerships more attractive to outside investors Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Tagged business start up Company Formation Company Formations Company incorporation form a company in ireland Company Secretary duties Posted on 23 09 2014 27 05 2015 by Mark Hegarty Company Secretary duties By Wiebke Wolter A Company Secretary duties is a required function for every company that is registered under the Companies Act 1963 2013 in Ireland The Secretary can either be an individual or a body corporate but not to itself The immediate disclosure of the Secretaries personal information such as name address and shares or debentures in the company is just the first duty among many of other important ones The most important task of a Company Secretary is to ensure the company s compliance with the law and its own regulations Therefore he has to fulfill several administrative tasks as explained in the following To assure the former it is essential for the Secretary that whenever the filing of a form is due he chooses the right form files it within the prescribed time limit and executes it on behalf of the company together with the directors Such events can be the Annual Return the change of a director or the change of a shareholder He has to carry out required public announces publish statutory notices and communicate board decisions He certifies and verifies documents where required and is obliged to take care of the company name i e it has to appear outside the place in which the business is carried on To comply with the rules of the company the Secretary has to arrange upcoming meetings inform the members about the meetings and provide them with appropriate documents He has to write the minutes and keep them safe maintain the Company Register and grant the board the public and inspectors access to it Furthermore he is responsible for safekeeping the company seal A Company Secretary is also involved in keeping the day to day business running by interacting with the staff customers suppliers media and directors Possible tasks can be the supervision of mails handling job applicants signing cheques preparing accounts and whatever the directors authorized him to do additionally He has to provide the directors with legal and administrative support as far as possible As part of the usual administrative duties it is the Secretary s power to make contracts on behalf of the company A Company Secretary has to perform all these duties and powers with due care skill and diligence as he can held liable for any breach of the Companies Act If you need any further on forming a company with Irish Formations Contact Us Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Tagged Company law company secretary company secretary duties ireland SEPA Single Euro Payments Area Posted on 20 06 2013 by Mark Hegarty SEPA Single Euro Payments Area SEPA Single Euro Payments Area regulations are coming into effect on 01st February 2014 It will apply across 32 European countries including Ireland and will make it easier for you to transfer or receive funds If you are a business or a customer it will affect you even if you are starting a new business as a Sole Trader or a Limited Company The full list of countries that it affects are Iceland Lichtenstein Monaco Norway and Switzerland Austria Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovenia Slovakia Spain Sweden and the United Kingdom SEPA for Business SEPA will standardise taking payments across Europe Taking payments using the national payments schemes by Account Number and Sort Code will come to an end and the International Bank Number IBAN or Bank Identifier Code BIC will be used going forward for single and recurring payments by Standing Order or Direct Debit All businesses must be ready for SEPA and are advised to start preparing now Your Accounting Payroll and Direct Debit systems must be ready by February 1st next SEPA for Consumers As a consumer you may be asked to provide an IBAN number or BIC number for new Direct Debits from service providers Your BIC IBAN number is listed on your bank statement For all existing Direct Debits no further action is required by you For more information on SEPA visit www readyforsepa ie Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Events Legislation Starting a New Business Corporation Tax In Ireland Posted on 16 05 2013 15 05 2015 by Mark Hegarty Corporation Tax In Ireland In certain circumstances new start up companies can qualify for 0 percent corporation tax in Ireland Section 34 of the Finance Act 2011 provides for the extension of a 3 year tax relief The scheme which provides relief from corporation tax on the trading income and certain gains of new start up companies in the first 3 years of trading was extended to include start up companies which commence trade up to 2014 The purpose of section 486C is to encourage new business activity in the traded sector of the Irish economy The Section also modifies the existing relief so that the value of the relief will be linked to the amount of employers PRSI paid by a company in an accounting period subject to a maximum of 5 000 per employee and an overall limit of 40 000 Credit is also given for any employers PRSI exempted under the Employer Job PRSI Incentive Scheme in respect of a company s employees in determining the amount of corporation tax relief available to the company The purpose of these changes is to better target the relief at start up companies generating employment The Finance Act changes mean that where the total corporation tax payable by a qualifying start up company for an accounting period does not exceed 40 000 the aggregate amount of corporation tax referable to income and gains of the qualifying trade in that period will be reduced to nil or if greater to that aggregate as reduced by the amount of qualifying Employers PRSI Where the total corporation tax payable exceeds 40 000 but does not exceed 60 000 the aggregate amount of corporation tax referable to income and gains of the qualifying trade will be reduced to an amount as calculated in accordance with the existing marginal relief formula or if greater to that aggregate as reduced by the amount of qualifying Employers PRSI For accounting periods of less than 12 months the various limits are proportionately reduced To ensure that the scheme is focussed appropriately on new business activities the section contains a provision which excludes from relief a trade set up by a new company the activities of which if carried on a by an associated company of the new company would form part of an existing trade carried on by that associated company To review the statute book click HERE If you have any questions on this section of the act please consult a qualified financial advisor Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Move a company to Ireland Starting a New Business Changing a Director in a Company Posted on 30 04 2013 15 05 2015 by Mark Hegarty Changing a Director in a Company From time to time it may necessary to retire or appoint a new company director Changing a director in a company can be done relatively quickly Currently all companies are required to have two Directors in a company but legislation has been published which will change this Once the new companies bill is made law it will be necessary to only have one Director in a company in Ireland There also a number of other changes to the bill which we wrote about back in January That article can be found here Being a director of a company in Ireland comes with responsibilities and as a Director you should know and understand these responsibilities Once a company is formed by us we issue booklets for the company Secretary and the Directors which outline these responsibilities and we also make them available for download in PDF format online free of charge once the company is formed In a situation where a company director has died then the company should notify the Companies Registration office immediately We can process this notification for companies on the same day as it is submitted through your account The office of The Director of Corporate Enforcement is a good resource for anyone who is a Director of a company or is thinking of becoming a Director to review their responsibilities as a Director of a Company Particular attention should be given to the section on Company Law and You As usual if you have any queries on our services or any information contained within this Blog please do not hesitate to contact me Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Services Starting a New Business Tagged business start up Buy a company Change a Director in a Company Companies Act 1963 to 2012 Company Compliance Company directors Company Formation Company law New Companies Bill Set up an irish company Start a business The Registered Office Of A Company Posted on 13 03 2013 27 05 2015 by Mark Hegarty Every company is required to have a registered office address in Ireland and this cannot be a P O Box number The registered office of a company must be a physical location as people have the right to visit your physical location to deliver documents by hand The address must also be a location that a letter can be delivered to by An Post A registered office address can be set up by us relatively quickly If you require a registered office you must make sure this is set up before the application of a company goes ahead A virtual office being used as a registered office is ideal for foreign clients not resident within Ireland All post can be forwarded to a nominated address anywhere in the world It is also ideal for the Irish resident who does not want post at another company address and this service also keeps costs down for the company start up as it starts at only 50 00 a month The registered office address of a company can be changed at any time in the future If you require more information you can visit our page on Registered Office Setup Share this Share Click to email this to a friend Opens in new window

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  • Move a company to Ireland Archives - Irish Formations
    share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Move a company to Ireland Starting a New Business Locating a business in Cork Posted on 10 02 2013 15 05 2015 by Mark Hegarty A frequent question we get when foreign clients call us is tell me about Cork We see this as our chance to to really profile cork as a great place to do business If you are thinking of moving or starting your business in Ireland consider locating your business in Cork Cork is located in the South of Ireland with good Road infrastructure and Rail services to the rest of Ireland Cork has some of the most recognisable multinationals located close to the city including Apple Novartis Amazon Boston Scientific EMC Heineken Bank of New York Mellon This video which is located on the Cork Chamber website gives you an idea of what Cork has to offer if you are thinking of locating a business in Cork See why so many SME s and Multinationals have decided to locate in one of Europe s most progressive cities Cork has so much to offer business Corporation Tax rate of 12 5 An International Airport An International Cargo Port One of the most active and innovate Chambers of Commerce in Ireland Cork is compact free from urban sprawl A rich cultural Heritage Good business support services For more information about starting your business in Cork give us a call on 353 21 4217322 or fill in our Contact Form by clicking the link below Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Move a company to Ireland Services Starting a New Business Tagged about Cork business start up Company Formations Company incorporation Locating your business in Cork Move a company to Ireland Start a business Locating your business in Ireland Posted on 05 07 2012 by Mark Hegarty The IDA released a very interesting infograph for why businesses are strategically locating in Ireland Thanks to the journal ie for giving us the heads up on this Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Move a company to Ireland Starting a New Business Tagged business start up ida iRELAND Move a company to Ireland register a business Register a business name the ida Moving your business to Ireland Posted on 05 06 2012 15 05 2015 by Mark

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  • Services Archives - Irish Formations
    which we wrote about back in January That article can be found here Being a director of a company in Ireland comes with responsibilities and as a Director you should know and understand these responsibilities Once a company is formed by us we issue booklets for the company Secretary and the Directors which outline these responsibilities and we also make them available for download in PDF format online free of charge once the company is formed In a situation where a company director has died then the company should notify the Companies Registration office immediately We can process this notification for companies on the same day as it is submitted through your account The office of The Director of Corporate Enforcement is a good resource for anyone who is a Director of a company or is thinking of becoming a Director to review their responsibilities as a Director of a Company Particular attention should be given to the section on Company Law and You As usual if you have any queries on our services or any information contained within this Blog please do not hesitate to contact me Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Services Starting a New Business Tagged business start up Buy a company Change a Director in a Company Companies Act 1963 to 2012 Company Compliance Company directors Company Formation Company law New Companies Bill Set up an irish company Start a business Irish Formations teams up with Register 365 Posted on 19 03 2013 by Mark Hegarty Irish Formations teams up with Register 365 Irish Formations is proud to announce that it has partnered with Register 365 to offer businesses free com domains with every Company Formation or Business Name Registration Recently Register365 blogged about this promotion on their blog site Register 365 recently engaged in a survey which revealed that 68 of small business owners do not register their domain until after their business is established some waiting months to do so We are joining forces with Register365 to help people with new businesses to get started online Mark Hegarty of Irish Formations said We are delighted to be partnering with Register 365 to offer free domains with every Company Formation and Business Name Registration It is so important that new businesses register their domain as quickly as possible once their company or business has been formed or they risk losing the domain to another business or a competitor Many people who are starting a new business for the first time will love this offer as it s just another item which can be quickly taken off their job list and it s completely free Sally Tomkotowicz Marketing Manager at Register 365 said In the current economic climate businesses need to look at their online profile to gain competitive advantage wherever they can ensuring they own their company name in as many domain names as they can This is a great opportunity for fledgling businesses to get off to a great start online Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Services Starting a New Business Tagged Branding business start up Buy a company Companies house Company directors Company Formation form a company in ireland Start a business The Registered Office Of A Company Posted on 13 03 2013 27 05 2015 by Mark Hegarty Every company is required to have a registered office address in Ireland and this cannot be a P O Box number The registered office of a company must be a physical location as people have the right to visit your physical location to deliver documents by hand The address must also be a location that a letter can be delivered to by An Post A registered office address can be set up by us relatively quickly If you require a registered office you must make sure this is set up before the application of a company goes ahead A virtual office being used as a registered office is ideal for foreign clients not resident within Ireland All post can be forwarded to a nominated address anywhere in the world It is also ideal for the Irish resident who does not want post at another company address and this service also keeps costs down for the company start up as it starts at only 50 00 a month The registered office address of a company can be changed at any time in the future If you require more information you can visit our page on Registered Office Setup Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Legislation Services Starting a New Business Company Formation Documents Posted on 12 03 2013 15 05 2015 by Mark Hegarty When we form a company for you you are sent a set of company formation documents in the post to complete the process Depending on what company formations pack you have chosen this set of documents is as follows We have chosen the Premium Pack as an example Certificate of Incorporation This document is issued to you once your company is incorporated and must be displayed at the Registered Office of the company It contains

    Original URL path: https://www.irishformations.ie/category/s1-services/ (2015-06-28)
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  • Starting a New Business Archives - Irish Formations
    make it easier for you to transfer or receive funds If you are a business or a customer it will affect you even if you are starting a new business as a Sole Trader or a Limited Company The full list of countries that it affects are Iceland Lichtenstein Monaco Norway and Switzerland Austria Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovenia Slovakia Spain Sweden and the United Kingdom SEPA for Business SEPA will standardise taking payments across Europe Taking payments using the national payments schemes by Account Number and Sort Code will come to an end and the International Bank Number IBAN or Bank Identifier Code BIC will be used going forward for single and recurring payments by Standing Order or Direct Debit All businesses must be ready for SEPA and are advised to start preparing now Your Accounting Payroll and Direct Debit systems must be ready by February 1st next SEPA for Consumers As a consumer you may be asked to provide an IBAN number or BIC number for new Direct Debits from service providers Your BIC IBAN number is listed on your bank statement For all existing Direct Debits no further action is required by you For more information on SEPA visit www readyforsepa ie Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Events Legislation Starting a New Business How long does it take to form a limited company Posted on 18 05 2013 27 05 2015 by Mark Hegarty It takes between 3 and five days to get you a company number One of the most common questions we are asked is How long does it take to form a limited company Forming a Limited company is only one part of the process and depending on your needs it can take differing times Getting the company number registered takes between 3 and five days with us This means you can get your Bank Account opened quickly as the bank will require your Certificate of Incorporation which we will provide Once we have your company number it is emailed out to you and your Formation pack is sent to you by post To see the contents of the formation packs click HERE Steps to Form a Company with Irish Formations Take an account online by registering on the website or Sign In to your account Go to the Company Page Click Buy Now Fill in the Online Form Wait for the Signature pages to be emailed to you Get the Signature Pages Signed by the Directors shareholders Post them back to us Once your company number is issued you will be emailed 3 5 days once we receive them Wait for your Company Pack to be posted to you Click here to be brought to our packages page Once the company is registered if you have chosen to be registered for VAT Corporation Tax this generally takes between 10 12 working days once the submission has been made We also make this application online and do not use manual systems to do this as it can then take longer to get the VAT Corporation tax numbers back We can also perform your first annual return which is due 6 months after forming your company You do not need to submit accounts with this return and it is entirely prepared by us If you have any questions about forming a company or any of our services don t hesitate to contact us at any time Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on Facebook Opens in new window Click to share on Twitter Opens in new window Click to share on Google Opens in new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Customer Service Services Starting a New Business Tagged business start up Company Formation Company incorporation form a company in ireland Limited companies Move a company to Ireland Start a business Corporation Tax In Ireland Posted on 16 05 2013 15 05 2015 by Mark Hegarty Corporation Tax In Ireland In certain circumstances new start up companies can qualify for 0 percent corporation tax in Ireland Section 34 of the Finance Act 2011 provides for the extension of a 3 year tax relief The scheme which provides relief from corporation tax on the trading income and certain gains of new start up companies in the first 3 years of trading was extended to include start up companies which commence trade up to 2014 The purpose of section 486C is to encourage new business activity in the traded sector of the Irish economy The Section also modifies the existing relief so that the value of the relief will be linked to the amount of employers PRSI paid by a company in an accounting period subject to a maximum of 5 000 per employee and an overall limit of 40 000 Credit is also given for any employers PRSI exempted under the Employer Job PRSI Incentive Scheme in respect of a company s employees in determining the amount of corporation tax relief available to the company The purpose of these changes is to better target the relief at start up companies generating employment The Finance Act changes mean that where the total corporation tax payable by a qualifying start up company for an accounting period does not exceed 40 000 the aggregate amount of corporation tax referable to income and gains of the qualifying trade in that period will be reduced to nil or if greater to that aggregate

    Original URL path: https://www.irishformations.ie/category/starting-a-new-business/ (2015-06-28)
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