types of companies

Every business has employees who receive payment of the services they have rendered during a cyclic period ranging from an hour to a calendar year.  Therefore, it's essential for an entity to keep a database of the employees’ salaries. This system is known as a payroll. 
 
A payroll can either be executed as part of the entity's Labour expenses or outsourced as an indirect overhead to the firm. Regardless of whether the payroll is run in the entity or by payroll specialists outside the firm, it is very important to have basic knowledge of how to operate a payroll.
 

It is permissible for a company registered in Ireland to change its name if the authorising stakeholders deem it necessary. It also hinges on the Registrar of Companies, which is responsible for endorsing their written request. Typically, such a process requires 2 to 3 days to complete.
 

The question of whether to set up your business in Ireland or the UK has often rested heavily on the issue of taxes. However, the impending Brexit has completely changed the landscape.
 

When registering a company, the destination choice does not only depend on the bureaucracy involved. It also encompasses the operating conditions the business will have to face in the future as well as its legal obligations to the authorities. Selecting between Ireland and other EC countries involves looking over the benefits the Republic of Ireland has to offer compared to its counterparts.
 

When registering a company, the destination choice does not only depend on the bureaucracy involved. It also encompasses the operating conditions the business will have to face in the future as well as its legal obligations to the authorities. Selecting between Ireland and other EC countries involves looking over the benefits the Republic of Ireland has to offer compared to its counterparts.
 

Every business is mandated to register a business name, whether they are a sole trader, a partnership or any other company type.