A company limited by shares is a type of legal structure in which the liability of the shareholders is limited to the amount they have invested in the company. This means that shareholders are not personally liable for the company’s debts. The company is owned by shareholders who hold shares in the company, and it is managed by directors who are appointed by the shareholders.

The time required to register a company in Ireland can vary depending on several factors such as the type of company being formed and the accuracy and completeness of the information provided in the application. Generally, the registration process takes between 5-10 working days if all the requirements are met.

Yes, a company can be registered and run by a single person. This type of company is known as a single-member company, and the individual is both the shareholder and director of the company.

The main benefit of forming a limited company instead of a sole trader is that it provides limited liability protection to the company’s owners. This means that the personal assets of the owners are not at risk if the company incurs debts or legal liabilities. Additionally, a limited company can enhance the credibility of a business and provide greater opportunities for growth and expansion.

To incorporate a company in Ireland, you will need to provide details such as the company name, the type of company, the registered office address, the names and addresses of the directors and secretary (if applicable), and the share capital of the company. You will also need to submit the required forms and pay the necessary fees to the Companies Registration Office.

Every Irish-registered company is legally required to hold a company seal (sometimes referred to as the ‘Common Seal’) which has its company name engraved on it in legible characters. The purpose of a company seal is to emboss official company documents which ensures authenticity. For example, all company’s share certificates are required to be embossed with the company’s seal beside the officer’s signatures. The Companies Act 2014 provides that the company seal shall only be used with the authority of the directors or of a committee of directors.