Private Company Limited by Shares (LTD)
A Private Company Limited by Shares (LTD) is a new model for a private limited company created under the Companies Act 2014. This is the Irish equivalent of a Limited Liability Company or LLC.
LTD companies remain by far the most frequently incorporated entity for private, commercial businesses and ventures in Ireland. Limited companies have a Constitution (previously referred to as Memorandum & Articles of Association), a formal document that sets out the rules governing a company and provides limited liability for its members. A member’s liability is limited to the amount, if any, unpaid on the shares respectively held by them. This company type does not have an objectives clause in its Constitution (unlike a Designated Activity Company (DAC)), so, therefore, can trade in any type of business that the directors and shareholders see fit – once legal of course.
A small/medium sized company need only file abridged audited accounts, showing a limited amount of information, at the Companies Registration Office (CRO). They can also avail of the Audit Exemption if their turnover is less than €8.8 million. It is important to note that an Annual Return must be filed every year with the CRO. regardless of whether the company has traded or not.
An Irish LTD company is only required to have one director, however, in this case, it must appoint a separate secretary. If there are two or more company directors, one of them may act as the company secretary. A LTD company must have at least one shareholder and can have as many as 149 shareholders (members). Single-member companies are not legally required to hold an Annual General Meeting and can pass both special and ordinary majority written resolutions. The name of an Irish limited company must end in the suffix ‘Limited’ or ‘Teoranta’.
Incorporate an Irish LTD Company €295 (includes VAT)
You get our comprehensive Corporate Company Package which includes the following:
- Certificate of Incorporation – Please note that digital certificates have replaced paper certificates
- 2 bound copies of the Constitution (formerly known as Memorandum & Articles of Association)
- PDF copies of the above documents
- Members Certificate/s
- Minutes of Directors First Meeting
- Company Seal
- FREE .ie or .com Domain Name for one year (value of up to €69)
When you order online we can have your company incorporated in just 2-3 business days.
Order a LTD Company OnlineFor more information on how to register a Private Company Limited by Shares (LTD) or any other Irish company types, please do not hesitate to contact the experts at Company Bureau on +353 1 6461625 or email formations@companybureau.ie.
Contact us now for further details