Benefits of a Limited Company
  • The company name is protected – Setting up a limited company prevents another limited company from using your company name.
  • Setting up a limited liability company offers just that - limited liability - As long as the business is operated legally and within the terms of the Companies Acts, directors or shareholders personal assets are not at risk in the event of a winding up or receivership. For sole traders and in partnerships, the individuals personal assets are at risk if there is a claim against the organisation.
  • Limited Companies have flexible borrowing powers.
  • The interests and obligations of management are defined.
  • Ireland's Corporate Tax Rate of 12.5% is one of the lowest in the world
  • A limited company has a greater ability to raise finance by the issue of shares and also under the Business Expansion Scheme.
  • Shareholders looking for outside investors to invest may be able to take advantage of the tax incentive Relief for Investment in Corporate Trades, otherwise known as the Business Expansion Scheme (BES).
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