Register a Company

Need information on how to register a company? Want to "Go Limited" but not sure what that really means? 

Don’t worry if you don’t know where to start, forming a company couldn't be easier. To register a company first simply choose from one the Company Types below, then just fill out the order form. If you'd like us to check if your company name is available Contact Us

If you're not sure which company type would best suit, just give us a call on 059-91-86776, we'd be happy to help!

 

Private Company Limited by Shares (LTD)

What is an LTD? 

An LTD (Private Limited Company) is the new simplified model of the Private Limited Company and is registered under Part 2 of the Companies Act 2014. This will be the most common company type for SME companies. 

There has been some confusion about the new DAC Company Type and LTD's, the Difference Between an LTD an a DAC is Explained Here

The main features of an LTD Company are as follows:

  • The Company name must end in the suffix Limited or LTD
  • You need at least 1 Director
  • You can have 1-149 Shareholders
  • The Company Secretary cannotalso be the Sole Director
  • No Objects Clause - Full and unlimited capacity
  • May dispense with holding the Physical AGM
  • No requirement for an Authorised Share Capital
  • Cannot list Debts or Securities
  • Cannot be a Credit Institution or an Insurance Undertaking

 

 

 

Designated Activity Company (DAC)


What is a DAC?

A DAC is actually the closest company type to an Existing Private Limited Company (EPC). The biggest difference between a DAC and LTD is that a DAC requires an Objects Clause...

A DAC:

  • Must end in the Suffix Designated Activity Company, or DAC
  • Minimum of 2 Directors
  • 1-149 Shareholders
  • Secretary may be one of the Directors
  • Capacity limited to the Objects Clause in the Memorandum
  • Cannot dispense with holding the AGM (unless a single member Company)
  • Must have an Authorised Share Capital
  • Can list Debts & Securities
  • Can be a Credit Institution or an Insurance Undertaking

Click Here to Find Out the Difference Between an LTD and a DAC

 

 

 

 

Company Limited by Guarantee (CLG)

What is a Company Limited by Guarantee (CLG)?

A CLG suits Charities and professional bodies (including "Not For Profit" organisations).  This type of company is a suitable vehicle as they wish to secure the benefits of separate legal personality and of limited liability but do not require to raise funds from the members. 

A CLG has:
 

  • No Share Capital 
  • Minimum of 1 Member, No Max
  • Minimum of Two Directors
  • 2 document Constitution (similar to previous Memorandum and Articles of Association)
  • May become Audit Exempt - See article : Company Limited by Guarantee Claiming Audit Exemption 
  • May dispense with holding the physical AGM - if there is a sole member
  • May list debts or securities (Limited Circumstances)

You can find out more about Companies Limited by Guarantee Here

 

 

 

Unlimited Company (UC)

What is an Unlimited Company?

Unlimited companies are an unusual breed of company that were not commonly used until recently. To incorporate a company without limited liability protection did not appeal to many shareholders.

However since the ease at which financial statements can be viewed by the click of a button, more and more companies are converting to unlimited to avail of the exemption from filing financial statements with the CRO and taking control of what information they put in the public domain.

A UC has a:

  • Minimum of 1 Shareholder
  • Minimum of 2 Directors
  • Directors need not prepare Compliance Statement if the company meets requirements
  • 2 document Constitution (similar to previous Memorandum and Articles of Association)
  • Can reduce share capital and make distributions
  • No Limited Liability Protection
  • May dispense with holding the physical AGM - if there is a sole member
  • PUC & PULC may list debt or securities

You can find out more about Unlimited Companies Here

 

 

 

 

Public Limited Company (PLC)

What is a PLC?

A PLC, or public limited company, trades shares publicly on the stock exchange and can offer its shares out to the general public.

  • Minimum of 1 Shareholder, no Max
  • Minimum of 2 Directors
  • 2 document Constitution (similar to previous Memorandum and Articles of Association)
  • Minimum Issued Share Capital of €25,000 (before comencing trade)
  • May dispense with holding the physical AGM - if there is a sole member
  • May list Debts or Securities
  • Directors required to prepare Compliance Statement

 

 

 

If you would like to speak with one of our Company Formation Agents just call us on 059-91-86776 or e-mail info@clscs.ie