Limited companies exist as lawfully separate entities in Ireland. This means that the partners are not entirely responsible for the company’s liabilities. Their degree of liability is determined by the amount of capital that they put in the business. Prospective entrepreneurs looking forward to register their limited liability or unlimited company have a variety of company types to choose from.
The Company Limited by guarantee partnership is the ideal business model for individuals or organizations who want to secure the conveniences of a separate legal personality and of limited liability without the need to raise funds from the partners. This legal structure is mostly implemented by charity organizations, trade unions, society-based bodies and clubs dealing with sporting activities. Non-governmental organizations (NGO) and not-for-profit firms also opt for CLG partnership.
Company formation in Ireland can be both an enjoyable and mentally taxing process. We’ll first discuss 8 critical and essential sections you should carefully put into consideration before starting the business formation process.
Foreigners who want to expand their businesses in Ireland can choose from two options, either a branch or a subsidiary office. The difference between the two is determined by the degree of independence the establishment can have when discussing in terms of the parent company.
