How
Can I Check if the Company Name I Require is Available?
You
can either call or email us directly and we will be able to advise you
immediately if the company name you require is available. Alternatively click
here to do an online company name check.
Are
There Any Restrictions on my choice of Company Name?
Yes, the CRO have the right to refuse a name if it is identical to or
similar to a name already appearing on the register of companies, it is offensive, or it would suggest state sponsorship.
What
is a Registered Office Address?
It
is the address of a company to which Companies Registration Office (CRO)
correspondence and all formal notices addressed to the company will be sent.
The Registered Office can be anywhere in the state and can be your home address
if you do not have a premises.
Does
every Company need a Company Secretary?
Yes,
every company registered under the provisions of the Companies Acts 1963-2006,
is required to have a company Secretary. The Company Secretary and Directors
are considered to be the officers of the company.
What
are the duties of a Company Secretary?
There
is an express statutory duty on each Director and Secretary of a company to
ensure that the requirements of the Companies Acts are complied with by the
Company.
Apart
from that, although the Secretary is an officer of the Company, the Companies
Acts 1963-2006 do not expressly state the duties of a Secretary. A Secretaries
duties, their conditions of appointment and entitlement to remuneration, will
be laid down by the Directors of the company.
Can
the Company Secretary also be a Company Director?
Yes,
the company secretary can also be appointed as a Company Director.
Can
a Company have just one Director?
No,
it is a legal requirement that all types of companies including single member
companies must have at least two company directors.
What
are the duties and responsibilities of Company Directors?
The
primary function of the directors is to manage the company on behalf of the
members. For a full explanation please go to the
Statutory Information page.
What
is the difference between the authorised and issued Share Capital?
The
Authorised Share Capital is the maximum amount of shares that can be issued (or
allocated to shareholders or owners of a company). To avoid having to increase
this at a later stage it is recommended that for incorporation purposes, the
standard amount of 100,000 shares be authorised.
The
Issued Share Capital are the shares allotted to the shareholders of the
company. The standard amount of shares to be issued would be 100 shares,
divided between the shareholders of the company.
What
is a Shareholder? Do I have to have one?
A
director of a company is the individual responsible for the day to day running
of the company whereas the shareholders are the actual owners of the company.
In a lot of instances it is very common for the shareholders to also be
directors.
How
many Shareholders do I need?
You
will need a minimum of one shareholder (Maximum is 99). All directors do not
have to be shareholders.
Once
my limited company is set up, what do I need to do?
The
company will need to register with the Revenue Commissioners for Corporation
Tax, Vat (if applicable) etc. Please go to
www.revenue.ie
and search for a TR2 form.
Anything
Else?
Every
Company which is incorporated in the State or which commences to trade within
the state must deliver within Thirty Days, certain information to the Revenue
Commissioners. That information is set out on the form 11F CRO.
The
Revenue Commissioners automatically send a Form 11F CRO to each new company as
it is incorporated, at its registered office address. Its is possible for
Companies to be struck off for failure to file this form.
I
have a question that was not covered in any of the above.
If
you have a question that was not covered above, please do not hesitate to call
us.