Welcome to Incorpro's Company Secretarial Library where we provide jargon-free, easy to understand answers to the most frequently asked questions we receive from our clients.
FILTER BY POPULAR TOPICS
A limited company, also known as a Private Company Limited By Shares, is the most popular company type in Ireland. Close to 90% of companies registered in Ireland are incorporated as Limited companies.
The primary characteristics of a Private Company Limited By Shares are:
The popularity of limited companies is reflective of the fact that they offer flexibility and are less administratively burdensome than other company types.
While incorporating as a limited company offers a number of benefits, those considering doing so should also be aware that there are administrative, statutory and disclosure obligations that all limited companies must adhere to:
When the directors of a company are appointed, they must sign a statement accepting that they have legal duties and obligations.
"I hereby consent to act as director of the aforementioned company and I acknowledge that as director, I have legal duties and obligations imposed by the Companies Act, other statutes and at common law."
Some examples of the statutory duties of directors include to: