Fidelia exclusive mode registration#

This can be your accountant’s or solicitor’s address if required. This is the address that CRO post and official legal notices will be sent to. If the company has more than one director, one of the directors can also act as company secretary. A company name which sounds similar to or could be mistaken for another name already on the register will normally be rejected. You can check if your name is already taken on the CRO website. The company accounts and the details of shareholders and directors are accessible by the general public from the CRO website. For smaller companies, abridged accounts can be submitted which do not include the Profit and Loss Account.

Fidelia exclusive mode registration#

Remember that limited companies must file an annual return with the Companies Registration Office (CRO) providing details of the shareholders and directors and attaching the accounts of the company. Single member company (which is the same as the private limited company limited by shares but has only one shareholder).Private limited company limited by shares.The most popular company types in Ireland Many directors also sign personal guarantees on the company’s loans which make them responsible for those loans if the company cannot repay them. However, directors need to ensure that they are aware of and comply with their duties and responsibilities. The personal assets of the shareholders/directors generally cannot be seized to pay the company’s debts. It is for this reason that many business owners set up as a limited company rather than as a sole trader. Their liability is limited to the amount of shares they purchase. If the company fails, the shareholders are not required to contribute funds to the company to pay outstanding debts. A company is independent to its shareholders and directors and can continue in business even if its shareholders and directors change. It is owned by its shareholders and is managed by its directors.

A limited company is a separate legal entity to its owners.