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  • Company Formations Archives - Irish Formations
    new window Click to share on LinkedIn Opens in new window Posted in Business Tips Tricks Starting a New Business Tagged business registration Company Formations company formations ireland company set up registering a company setting up a company starting your own business CRO figures for 2012 are now published Posted on 24 07 2013 15 05 2015 by Mark Hegarty CRO figures for 2012 are now published CRO figures for 2012 are now published The Companies Registration Office is the central repository of public statutory information on Irish companies and business names There have been some interesting results in this report which was published in the last few days One of the most interesting figures from the report is that 14 009 new companies were incorporated in 2012 this is an average of 1160 per month and down from the previous year The number of new companies being incorporated 14 009 is down from 14 615 in 2011 This is a difference of 4 2 from the previous year The breakdown of new company types is as follows 2011 2012 Private Limited 13 621 13 104 3 4 Public Limited 170 115 33 Unlimited 293 236 19 5 Guarantee 531 554 4 3 Total New Companies Registered 14 615 14 009 4 2 Company Incorporations year on year from 2006 are as follows Click the chart for a larger image The number of single member companies on the register was 49 374 and the number of companies dissolved was 14 049 which is close to the number of new companies incorporated New Business Names The CRO receives a large number of business name registrations each year The chart below shows the number registered annually since 2007 The number of business name registrations is also down from the previous year just like company incorporations In 2011 the number of business names registered was 26600 and in 2012 it was 25766 The total number of business names on the register in 2011 was 407 151 and in 2012 it was 430 365 Click the chart for a larger image If you require a new company or want to set up a Pro Account contact us for more 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 Starting a New Business Tagged Companies act 1963 to 2009 Company Formation Company Formations Company incorporation Company name availability Company Registrar Legislation Start a 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 Customer service driven growth Posted on 16 08 2011 by Mark Hegarty Generally when planning for the growth of a business customer service seems to be either a given or an after thought in many businesses Many of us feel we know what our customers want and nearly all of us are surprised when we drill down into the details of satisfying our customer needs Good Customer Service is a key driver of profit We know that customers talk to each other and ultimately drive business through referral Good Customer Service relates to many of the definitions of Marketing one of which is Anticipating our customers needs and satisfying those needs Ultimately this is what we are all trying to do By understanding our customers we generally find it easier to provide this type of service The big question is do we really understand good customer service to be able to provide it This is critical in any business Understanding Customer Service principles is important but also Get to know your customers Interact with them Telephone them and ask questions that you want answered on their expectations of service met Provide the ability to give feedback Listen Customers love to be listened to so let them do the talking If a customer tells you about how your business has failed don t worry Take

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  • Company formations limited Archives - Irish Formations
    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 Companies Act 1963 to 2012 Company Compliance Company Formation Company formations limited Company incorporation Company law Form a Company Limited by Guarantee without Share Capital letterhead what goes on letterhead Customer service driven growth Posted on 16 08 2011 by Mark Hegarty Generally when planning for the growth of a business customer service seems to be either a given or an after thought in many businesses Many of us feel we know what our customers want and nearly all of us are surprised when we drill down into the details of satisfying our customer needs Good Customer Service is a key driver of profit We know that customers talk to each other and ultimately drive business through referral Good Customer Service relates to many of the definitions of Marketing one of which is Anticipating our customers needs and satisfying those needs Ultimately this is what we are all trying to do By understanding our customers we generally find it easier to provide this type of service The big question is do we really understand good customer service to be able to provide it This is critical in any business Understanding Customer Service principles is important but also Get to know your customers Interact with them Telephone them and ask questions that you want answered on their expectations of service met Provide the ability to give feedback Listen Customers love to be listened to so let them do the talking If a customer tells you about how your business has failed don t worry Take the information away think about it and how you are going to fix the problem Communicate If a customer excercises their right to advise you how to do things better Follow up and thank them even if its by email and not a phone call Don t let the customer think you are making excuses There is always an urge to make an immediate response to a criticism of your business Don t let the urge take over Allow the customer to be heard and answer the issues later The customer is not always right This is a misunderstood principle which directly relates to good customer service You could translate this saying into Alleviate the customers concerns through action follow up The bottom line is customers need to be happy If they are not their purchasing decisions will change and current future sales can and in many cases will be lost We will be doing many more posts on this topic as we feel that its a critical part of business It doesn t matter if you are selling Business to Business or Business to Consumer across all sectors good customer service is vital Share this Share Click to email this to a friend Opens in

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  • Company incorporation Archives - Irish Formations
    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 CRO figures for 2012 are now published Posted on 24 07 2013 15 05 2015 by Mark Hegarty CRO figures for 2012 are now published CRO figures for 2012 are now published The Companies Registration Office is the central repository of public statutory information on Irish companies and business names There have been some interesting results in this report which was published in the last few days One of the most interesting figures from the report is that 14 009 new companies were incorporated in 2012 this is an average of 1160 per month and down from the previous year The number of new companies being incorporated 14 009 is down from 14 615 in 2011 This is a difference of 4 2 from the previous year The breakdown of new company types is as follows 2011 2012 Private Limited 13 621 13 104 3 4 Public Limited 170 115 33 Unlimited 293 236 19 5 Guarantee 531 554 4 3 Total New Companies Registered 14 615 14 009 4 2 Company Incorporations year on year from 2006 are as follows Click the chart for a larger image The number of single member companies on the register was 49 374 and the number of companies dissolved was 14 049 which is close to the number of new companies incorporated New Business Names The CRO receives a large number of business name registrations each year The chart below shows the number registered annually since 2007 The number of business name registrations is also down from the previous year just like company incorporations In 2011 the number of business names registered was 26600 and in 2012 it was 25766 The total number of business names on the register in 2011 was 407 151 and in 2012 it was 430 365 Click the chart for a larger image If you require a new company or want to set up a Pro Account contact us for more 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 Starting a New Business Tagged Companies act 1963 to 2009 Company Formation Company Formations Company incorporation Company name availability Company Registrar Legislation Start a 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 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 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 Publishing your Company Name What information goes on Letterhead Posted on 06 03 2013 by Mark Hegarty It is important to know what information goes on letterhead Emails Order forms and promissery notes from a company Every company incorporated under the Companies Act 1963 2012 is required to publish its name on the outside of every office and place which its business is carried out and it must be legible in clear lettering The company name must be displayed on all publications invoices quotations promissory notes cheques endorsements receipts letters of credit and on all invoices issued by the company What goes on the company letterhead The First Name and Surnames of any Directors of the company and former Directors and their nationality if they are not Irish The Full name of the company must be written and only approved abbreviations can be used i e Ltd for the word Limited and Teo for Teoranta The following items must also be displayed on letterhead emails and order forms paper and electronic where the entity holds Limited Liability If the share capital is mentioned the reference must be to the paid up share capital The place of registration of the company must be listed as per the certificate of incorporation of the company If the company has permission to exclude the word Limited as part of its company name then it must state that it is a limited company Where the address is shown if it is the registered office it must be stated that it is the registered office If the company is being wound up it must say that it is being done The legal form of the company must be stated Websites For Limited Companies publishing your company name on a web page must be completed and this web page must be accessible from its homepage and must contain the following If the share capital is mentioned on the website as per the letterhead the paid up shares must be mentioned Again in a case where the company is exempt from using the word Limited or Teoranta the fact that it is a limited company must be mentioned The place of registration and the company number must be shown The company name and the legal form of the company must be shown The address of the registered office of the company must be listed If the company is being wound up this must be stated For Limited and Unlimited companies where the company is being wound up it must be stated that this is in progress This must be displayed on the following issued documents Business Letterhead Orders of goods Invoices Where Limited and Unlimited companies are under receivership every invoice order for goods or business letter issued must state that a receiver has been appointed If you have any questions about this post or any questions about the services we provide please fill in the form below 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 Legislation Tagged business start up Companies Act 1963 to 2012 Company Compliance Company Formation Company formations limited Company incorporation Company law Form a Company Limited by Guarantee without Share Capital letterhead what goes on letterhead Locating a business in Cork Posted on 10 02 2013 15 05 2015 by Mark Hegarty A frequent question we

    Original URL path: https://www.irishformations.ie/tag/company-incorporation/ (2015-06-28)
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  • Company law Archives - Irish Formations
    06 03 2013 by Mark Hegarty It is important to know what information goes on letterhead Emails Order forms and promissery notes from a company Every company incorporated under the Companies Act 1963 2012 is required to publish its name on the outside of every office and place which its business is carried out and it must be legible in clear lettering The company name must be displayed on all publications invoices quotations promissory notes cheques endorsements receipts letters of credit and on all invoices issued by the company What goes on the company letterhead The First Name and Surnames of any Directors of the company and former Directors and their nationality if they are not Irish The Full name of the company must be written and only approved abbreviations can be used i e Ltd for the word Limited and Teo for Teoranta The following items must also be displayed on letterhead emails and order forms paper and electronic where the entity holds Limited Liability If the share capital is mentioned the reference must be to the paid up share capital The place of registration of the company must be listed as per the certificate of incorporation of the company If the company has permission to exclude the word Limited as part of its company name then it must state that it is a limited company Where the address is shown if it is the registered office it must be stated that it is the registered office If the company is being wound up it must say that it is being done The legal form of the company must be stated Websites For Limited Companies publishing your company name on a web page must be completed and this web page must be accessible from its homepage and must contain the following If the share capital is mentioned on the website as per the letterhead the paid up shares must be mentioned Again in a case where the company is exempt from using the word Limited or Teoranta the fact that it is a limited company must be mentioned The place of registration and the company number must be shown The company name and the legal form of the company must be shown The address of the registered office of the company must be listed If the company is being wound up this must be stated For Limited and Unlimited companies where the company is being wound up it must be stated that this is in progress This must be displayed on the following issued documents Business Letterhead Orders of goods Invoices Where Limited and Unlimited companies are under receivership every invoice order for goods or business letter issued must state that a receiver has been appointed If you have any questions about this post or any questions about the services we provide please fill in the form below Fill out my online form Share this Share Click to email this to a friend Opens in new window Click to

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  • Company name availability Archives - Irish Formations
    number registered annually since 2007 The number of business name registrations is also down from the previous year just like company incorporations In 2011 the number of business names registered was 26600 and in 2012 it was 25766 The total number of business names on the register in 2011 was 407 151 and in 2012 it was 430 365 Click the chart for a larger image If you require a new company or want to set up a Pro Account contact us for more 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 Starting a New Business Tagged Companies act 1963 to 2009 Company Formation Company Formations Company incorporation Company name availability Company Registrar Legislation Start a business Thinking of starting a new business Posted on 16 08 2011 by Mark Hegarty We found this great video for anyone just thinking about starting their own business It asks a great question What would you do if you knew you would not fail 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 Starting a New Business Tagged Buy a company buy a company seal Company Compliance Company directors Company Formations Company incorporation Company name availability Company Registrar Form a Company form a company in ireland Form a Company Limited by Guarantee without Share Capital Set up an irish company 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 Services 14 Starting a New Business 35 Uncategorized 4 Business News Eurozone readies for Greek default 27 06 2015 Greek minister No reason deal cannot be done 27 06 2015 Airbnb style listings surpass hotel rooms in Spain 26 06 2015 Tags Branding business ideas Business names business plan business

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  • Company Registrar Archives - Irish Formations
    number registered annually since 2007 The number of business name registrations is also down from the previous year just like company incorporations In 2011 the number of business names registered was 26600 and in 2012 it was 25766 The total number of business names on the register in 2011 was 407 151 and in 2012 it was 430 365 Click the chart for a larger image If you require a new company or want to set up a Pro Account contact us for more 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 Starting a New Business Tagged Companies act 1963 to 2009 Company Formation Company Formations Company incorporation Company name availability Company Registrar Legislation Start a business Thinking of starting a new business Posted on 16 08 2011 by Mark Hegarty We found this great video for anyone just thinking about starting their own business It asks a great question What would you do if you knew you would not fail 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 Starting a New Business Tagged Buy a company buy a company seal Company Compliance Company directors Company Formations Company incorporation Company name availability Company Registrar Form a Company form a company in ireland Form a Company Limited by Guarantee without Share Capital Set up an irish company 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 Services 14 Starting a New Business 35 Uncategorized 4 Business News Eurozone readies for Greek default 27 06 2015 Greek minister No reason deal cannot be done 27 06 2015 Airbnb style listings surpass hotel rooms in Spain 26 06 2015 Tags Branding business ideas Business names business plan business

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  • Company Registration Archives - Irish Formations
    Tricks Legislation Tagged Company Formation Company Registration form a limited company Limited Company online company online company registration register a company set up a new company starting a business in ireland New Companies Legislation Posted on 13 03 2015 15 05 2015 by Mark Hegarty New Companies Legislation The new companies legislation is due to come into law in June 2015 This long awaited piece of legislation is one of the biggest amendments in the history of the state and will concern anyone with a Company in Ireland and anyone thinking of forming a company in Ireland The Governments goal is to make Ireland one of the easiest places in the world to do business and the changes in the legislation are to be welcomed The main objective of the legislation is to simplify and modernise company law in Ireland Almost 90 of companies in Ireland fall into the category of Private Limited and the new legislation is designed around this model The first half of the new legislation is concerned with this category of company and if your company falls into this category you need not be concerned with the rest of the legislation So whats new Currently companies are required to have two Directors but under the new legislation there is a provision to have only one There must be a separate Secretary however The company may have more than one or more members to a maximum of 149 There is a provision for Irish Companies to merge akin to EU cross border regulations The act will make it easier for third parties to transact with the company as they will not need to concern themselves as to whether the company they want to transact with is acting within its powers The new entity will have the same legal powers as a natural person and the company will not have to have an Objects Clause There will be a single document Constitution replacing the current Memorandum separate Articles of Association Provisions commonly found in a current companies Articles of Association will now be found in the new legislation There is no obligation to hold a physical Annual General Meeting It will be easier for Directors to understand their duties as duties that Directors are currently subject to under statute and under common law will be consolidated in the act We are currently preparing forms and procedures to reflect the new act when 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

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  • company set up Archives - Irish Formations
    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 Setting up a business Posted on 07 05 2014 27 05 2015 by Mark Hegarty Setting up a business for the first time can be a daunting prospect if you have not done it before If you have decided to set up a new business there are a number of considerations for you to think about Firstly will you set up the busness as a sole trader or as a company In the next two articles we will consider setting up your new business as a company There are a number of advantages in setting up as a company over sole trader or partnership The first is that it provides limited liability In a previous blog post we asked the question what is limited liability Currently with a limited company in Ireland the shares in the company are owned by its shareholders If the company is a limited liability company the shareholders liability should the company fail is limited to the amount if any remaining unpaid on the shares held by them A company is a separate legal entity and therefore is separate and distinct from those who run it Only the company can be sued for its obligations and can sue to enforce its rights This protection is important under many circumstances including situations where a business might be holding a large stock and the company is put under risk of over trading If you are setting up a business company you will have to have a few things prepared before you get started with an independant company formations agency like Irish Formations What will the limited company name be Choose carefully and the formations agency will guide you through the availability of the name Who will the Directors be You will need a minimum of 2 You need to submit names residential addresses and dates of birth and identification of the Directors Who will the company Secretary be This can be one of the company Directors Who will the shareholders be This can be one Person a number of people or a company in Ireland or abroad What will the company activity be This information will be used to generate the objects of the Memorandum of Association for the company for submission Once this information is gathered through our packages page we email our clients signature pages which they sign and post back to us when setting up a business company We use these to make the submission and get the company formed If there are no errors on the forms or restrictions with the company name then this takes between 3 and five days to get the company number Share this Share Click to email this to a friend Opens in new window Click to print Opens in new window Share on

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