Start-Ups

We know that starting a business can be an exciting, busy and sometimes daunting experience. Therefore, it is important that you have the most appropriate type of structure to suit your needs.

The most common structures are as follows:

Limited Company
A Limited Company is a separate legal entity. This means that the company itself owns assets and that the company may sue and be sued in respect of the business of the company. In this type of company the liability is limited. If the company fails, the shareholders’ liability is limited to the amount of share capital contributed by them to the company. The personal assets of directors and/or shareholders cannot be seized to pay off company debts.

Sole Trader
Setting up as a sole trader is straightforward but if the business fails, personal assets could be used to pay creditors. The main legal obligation is to register as a self-employed person with the Revenue Commissioners.

Partnership
A partnership is where two or more people agree to run a business together. The partners are jointly responsible for running the business and if it fails all partners are jointly responsible for the debt.

We can advise which would be the most appropriate structure to your circumstances and then assist you with:
•      Registration as Limited Company / Sole Trader / Partnership
•      Company Formation
•      Registration for VAT, PAYE/PRSI, Corporation Tax etc.
•      Books of Account
•      Accounting Software
•      Bank Introductions
•      Companies Office Returns

Once your business progresses beyond the start-up stage, we can offer the appropriate services to support your business development.