By Shannon Power, 5th August 2022 In Ireland, the Directors’ Duties within the Companies Act 2014 will be amended following the EU (Preventive Restructuring) Regulations 2022 which commenced on the 17th of July 2022. The new regulations set out minimum rules for Member States to create preventative restructuring frameworks within their national laws. The resulting […]
By Shannon Power, 3rd August 2022 In April, the Minister for Rural and Community Development, Heather Humphreys, published the general scheme of the Charities (Amendment) Bill 2022. The Bill is set to provide several amendments to the existing Charities Act 2009, to improve and strengthen the ability of the Charities Regulator (CRA) to conduct its […]
By Sinéad Floody, 8th July 2022 Although the process for establishing a sole tradership or partnership business in Ireland is similar, the operation of each is unique. In this blog, we explore the steps that should be taken once a sole trader or a partnership business has been registered. Sole Traders If you have recently […]
By Niamh Ward, 30th June 2022 In the Republic of Ireland, A Trust or Company Service Provider (TCSP) is any person or corporate entity whose business provides any of the following services: forming companies or other bodies corporate; acting as a Director or Secretary of a company under an arrangement with a person other than […]
By Ashley Coakley, 20th June 2022 The Charities Regulator, which maintains the Register of Charities in Ireland, accepts applications for Charitable Status and ensures registered charities are compliant with the law, primarily the Charities Act 2009 and the Charities Governance Code. When deciding whether a Charitable Status application is right for your company, the following […]
By Keeva O’Neill, 14th June 2022 If you have set up an Irish company before or are currently in the process of setting up your first company, you may have come across the term ‘NACE code’. This short blog explains exactly what NACE codes are, where they came from, and why they are important. NACE […]
By Sinéad Floody, 20th May 2022 The Registrar of Companies, Maureen O’Sullivan, announced at a recent conference that the Register of Beneficial Ownership (RBO) is now issuing summons’ to companies that have yet to make their RBO filing, for court hearings later this year. This active enforcement of the Criminal Justice (Money Laundering and Terrorist […]
By Annette McCarthy, 12th May 2022 An important part of company formation and ongoing compliance is knowing the difference between a business/trading address and a registered office address. This is paramount when setting up your company as they both serve different purposes. Both addresses can be the same, but sometimes you may need to use […]
By Annette McCarthy, 7th April 2022 Important update: all Limited Companies incorporated prior to 1st June 2015 were required to convert to a new company type and replace the memorandum and articles of association with a constitution. If this action was not taken, the constitution will reference an obsolete Companies Act and may contradict current company […]
By Niamh Ward, 4th April 2022 There are a number of things to think of when starting a new company and one of the main considerations once the company is formed is setting up and opening your business bank account. There are a few options out there when considering when choosing a bank account for […]
