Benefits of a Private Limited Company
Limited Liability – The main benefit of a limited company in Ireland is the shareholders of the company have a limited liability for the debts of the business. A limited company is an entity in its own right. If it becomes insolvent and is wound up, only the assets of the company are used to clear its debts.
Personal assets are not at risk – Directors or shareholders personal assets are not at risk in the event of a winding-up or receivership.
Low Corporation tax Rate – Limited companies trading in Ireland qualify for corporation tax at 12.5%.
Greater Confidence – Operating as a limited company often gives suppliers and customers a greater sense of confidence in a business.
Protects Company name – The formation of a limited company is a simple and low cost method to protect a company name.
Resignation – The death or resignation of any officers of the Irish company does not affect the structure of the company, which may continue to trade as before.
Shareholders Liability – The officers of the company have no personal liability and the shareholders are liable only to the extent of any unpaid shares held which is rare.
Protect your Irish Company Name
Incorporation legally protects the Irish company name against anyone else forming a similarly named limited company either in sound or spelling.
Private Limited Company
We are committed to incorporating your private limited company on time and at a fixed fee. We have simple online forms and secure upload for the required due diligence.
For further information about incorporating your company in Ireland please contact us.