Private Company Limited by Shares (LTD)

A Private Company Limited by Shares (LTD) is a new model form of a private limited company created under the Companies Act 2014. This is the most common form of a Limited Liability Company or LLC in Ireland.

LTD companies remain by far the most frequently incorporated entity for private, commercial businesses and ventures in Ireland. This is a company limited by shares, a company having the liability of its members limited by its Constitution (previously referred to as Memorandum & Articles of Association) 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 C.R.O. regardless of whether the company has traded or not.

The LTD company type may have just one director, but in that case, must have a separate secretary appointed. The company may have between 1 to 149 shareholders (members) and is not legally required to hold an Annual General Meeting. It can pass both special and ordinary majority written resolutions. The name of the company must end in the suffix ‘Limited’ or ‘Teoranta’.

Should you wish to incorporate a Private Company Limited by Shares (LTD), please do not hesitate to contact the experts at Company Bureau on +353 1 6461625 or email


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