Does a CLG or Dormant Company have to file with the RBO? We have a CLG and a dormant LTD company. Do these companies have to file with the Register of Beneficial Owners? All companies must file with the Register of Beneficial Owners regardless of company type; whether they trade, make a profit or are
We are forming a not-for-profit Company Limited By Guarantee and have 4 directors. Are we required to have any members when we just have directors? Every company is required to have at least one member. The members have different roles and responsibilities than the directors. However, the members may often also be the directors as
All companies are required to have at least one member and depending on the company type, they may also hold shares in the company.
One of the first steps in setting up a company will be to select an appropriate company type. The activities of the company will determine the most appropriate company type.
Last minute panic!! This can happen pretty often when forming a company… Everything else has been done and you go into the bank and they ask you for the Certificate of Incorporation and suddenly there’s a mad scramble to get the company formed ASAP. This is why the process needs to be started early and
The Console scandal is just another example of the lack of implementation of governance standards in the charitable sector. The public are shocked when these cases get highlighted but we have to understand where these organisations start from and how they are funded and the experience of the persons that end up running the organisations.