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Closing a LTD company

  • 19-03-2009 10:06pm
    #1
    bombidol
    Closed Accounts Posts: 5,638 ✭✭✭


    Whats involved in closing a LTD company you run? I'm juggling my options at the moment given the state of the country/world!


Comments

  • #2
    GerardKeating
    Registered Users, Registered Users 2 Posts: 7,804 ✭✭✭GerardKeating


    bombidol wrote: »
    Whats involved in closing a LTD company you run? I'm juggling my options at the moment given the state of the country/world!

    Read this. It should explain all, It's simple if books are uptodate and one does not owe anyone any money.


  • #3
    patftrears
    Closed Accounts Posts: 174 ✭✭patftrears


    GerardKeating wrote: »
    Read this. It should explain all, It's simple if books are uptodate and one does not owe anyone any money.
    fee is adverting cost and cro fee

    or

    just pay the €20 a year for the online b1 with empty accounts


  • #4
    GerardKeating
    Registered Users, Registered Users 2 Posts: 7,804 ✭✭✭GerardKeating


    patftrears wrote: »
    fee is adverting cost and cro fee

    or

    just pay the €20 a year for the online b1 with empty accounts

    Do you not need them to be audited ???


  • #5
    thecleverone
    Closed Accounts Posts: 337 ✭✭thecleverone


    Do you not need them to be audited ???

    Nope. Not if you fall below the threshold* and file them on time. BUT, even if they are below the threshold and you file them late, then you have to have them audited.

    * See http://www.cro.ie/en/annual-return-audit-exemption.aspx


  • #6
    Our man in Havana
    Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana


    Do the first accounts of a company need auditing if they are below the threshold or does that only apply to subsequent years accounts?


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  • #7
    thecleverone
    Closed Accounts Posts: 337 ✭✭thecleverone


    No. If the first years accounts are below the thresholds, then you can avail of the audit exemption as long as you file them ontime. Again, if they are filed late, you lose your right to an exemption and would have to get them audited.


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