Company formation

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.
 

Companies that have just undergone registration and sole traders who have incorporated an entity with an already demonstrated market presence can consult with company formation consultants and legal practitioners for assistance on additional services that they can potentially benefit from post registration. These consultants can help you avoid wasting time pursuing corporate duties and instead assist in channeling your time towards investment in other lucrative business ventures.
 

It is possible for an individual shareholder or director to restore a company with the Registrar of Companies in Ireland after its dissolution. This can be done for different reasons, usually, people seek company restoration in order to garner a certain quantity of assets remaining in the entity.
 
The Process of Restoring a Company

Third party agents or internal company lawyers can help firms with applications for the Charitable Status. As a general rule, the particular Irish enterprise has to undergo incorporation as a Company Limited by guarantee before proceeding with the Charitable Status request.