New Shareholders can be introduced to a company in 2 main ways, the allotment of shares and the transfer of shares. In their basic form, allotment and transfers are a simple procedure, however it is important to understand the basic requirements as these are the important part of more complex transactions like Share for Share [...]

Since starting the blog I’ve received numerous queries by email as well as those posted in the comments section. For some queries, it was necessary to reply by email to request more information and to protect the privacy of the person asking the question. As suggested by Sean’s comment, I’ve compiled a list of the [...]

The following is a brief introduction to payroll including how to register the business and employees, how best to operate a payroll system and details of what Revenue returns are required. Registering as an Employer The first step in registering employees is to register the business as an employer. This is usually done when first [...]

I’ve previously posted some guidelines on setting up your company and registering for taxes. The following is a quick checklist of the steps involved in getting your new company on the road with links to previous posts where relevant: Decide whether a company is the best structure for your business. Decide on who the directors, shareholders and company [...]

When you are starting your own business, whether as a sole trader, partnership or a company, you need to determine if you are obliged to register for VAT and what VAT rate should be applied to your sales. Once registered VAT charged on sales needs to be paid to the Revenue Commissioners (after deducting VAT [...]

If you are setting up in business and designing your stationery and website please be aware that there are some legal requirements surrounding what needs to be included. Headed Stationery As required by legislation the following should be included on a company’s headed paper: Company name plus Limited, Ltd, Teoranta, Teo, plc as appropriate Names [...]

To form a company in Ireland the easiest option is to appoint a formation agent to form the company for you. The main advantage of appointing a formation agent is that the company will be formed faster. An agent using the CRODISK system can have a company incorporated within 5 days. Submitting the documents yourself [...]

Click here to arrange a meeting or here for a telephone call. A sole trader is the simplest form of business in Ireland. As the name implies, it refers to one individual who owns and operates a business. A sole trader can have employees to assist with the running of the business, but it is the sole trader who [...]

As you may be aware every business is obliged to keep proper books and records relating to: All sums of money received and expended in the course of the trade or profession All sales and purchases of goods and services The assets and liabilities of the trade or profession All supporting documentation, including invoices and [...]

If a sole trader trades under a name other than his/her own name, then he/she needs to register a business name. For example Kevin Mulcahy is a sole trader who runs a cafe called “The Daily Grind.” He will need to register this name so that suppliers, government departments and the public is aware of [...]