Corporate Governance is becoming vital to all companies even SME companies. A corporate governance manual or board manual can bring clarity to the board of directors on what their role and responsibilities are and what is expected of them. It can also detail the best governance practices that the company can apply.
Acting as a director can be an onerous task never mind trying to stay on top of what your legal duties are as a company director. Managing risk and ensuring the company stays compliant with all requirements facing the company means boards should have regular training to keep them up to date with changes.
Privacy is often important to individuals and they may often not want to be seen as the registered shareholder. There a many reasons why they may require a shareholder to be held on their behalf.
Every company is required to have a registered office address in the Republic of Ireland. Foreign companies or people that may not have a fixed business address may require a registered office address.
The Companies Act 2014 introduced domestic mergers for the first time. The new merger provisions allow a merger between two private Irish companies so that the assets and liabilities and corporate identity of one are transferred by operation of law to the other before the former is dissolved without going into liquidation.
A company that is considering purchasing the trade may wish to just purchase the trade Instead of transferring the shares in the target company to the acquiring company.
A share-for-share exchange involves a company issuing new shares or debentures to a person or a company in exchange for that person’s shares or debentures in another company.
Part 20 of the Companies Act 2014 provides for the re-registration from one company type to another. The Act has lessen the restrictions on re-registration and the amount of times a company can re-register. An LTD may re-register as a CLG and vice versa for first time which was not provided for under the old Companies Act. An LTD cannot have paid up share capital or requires order from the High Court.
If a company has ceased to trade or has never traded an alternative to placing the company into liquidation is applying for voluntary strike off.
Registration of a Business Name obligatory if any individual or partnership or any corporate bodies carries on business under a name other than their own true names. The purpose of registration is to make public aware of the identities of individuals behind the business name. The applicant must have a place of business in the State.