Starting up and form filling

binzibonza77

RO Form A1 Hello there, I'm Ben,

Myself and my wife and brother in law are setting up a business to get in to video production. I have just joined Boards.ie, I'm 32 nd should know better, but this is the first thread I have ever replied to. Please accept my apologies if my thread reply is not answering any particular thread that has been posted but I'm having a go all the same.

I have a question and wondered whether anyone would be able to help?

On the A1 form you need to complete to incorporate a Private Company Limited by Shares, there are two sections I'm not sure how to complete:

Subscribers to memorandum and Company Capital and Stamp Duty Statement. The first part shall be completed I suppose once I have completed the Memorandum (which is another thing I need to work out). Do he directors simply have to sign this section. There's no one else involved in our company.

Can anyone give me a heads up on what to complete in the Company Capital and Stamp Duty Statement?

Thanks in advance for any help offered.
Ben

itsonlyme

binzibonza77 wrote: »

RO Form A1 Hello there, I'm Ben,

Myself and my wife and brother in law are setting up a business to get in to video production............

Thanks in advance for any help offered.
Ben

Video Production!!!!!!.......are ye a generation tooooo late.....thought DVD's are all the rage now.........

APOLOGIES IF I AM MISSING SOMETHING!

byrne0f56789

You might want to check out these guys http://www.registeracompany.ie/pricing.cfm

I have not used them but they might be what you are looking for. They seem very cheap. Again, I have not used them so I can't recommend them from experience.

thecleverone

Don't fill out something you don't understand. Seriously! Plus you still need to file the memorandum & articles of association with that A1 form, which most people don't know how to fill out.

Use a company formation agent. Its way easier and should only cost about €200-€300 depending on who you use.

You might want to check out these guys http://www.registeracompany.ie/pricing.cfm

They are not registered company formation agents and as far as i know, using their service to set up a company takes approx 8-12 weeks.... you get what you pay for.

Using a proper company formation agent, takes approx 3-5 working days to have your company registered.

Sposs

yea i found these guys very good http://www.setmycompanyup.ie/ , makes it far easier to understand going through step by step.

thecleverone

yea i found these guys very good http://www.setmycompanyup.ie/ , makes it far easier to understand going through step by step.

Yes, but again, my understanding of this company is that you have to submit the documents to CRO yourself (instead of using an agent) which means instead of the company being registered in 3-5 working days, it can take up to 8-10 weeks.

Some registered agents who can get the company set up for you in 3-5 days include:

www.getregistered.ie
www.formations.ie
www.companyformations.ie
www.formacompany.ie
www.businesscompanyformations.ie

plus lots more.... Just google it.

dbran

How does one get to be a company formation agent.

Sposs

thecleverone wrote: »

Yes, but again, my understanding of this company is that you have to submit the documents to CRO yourself (instead of using an agent) which means instead of the company being registered in 3-5 working days, it can take up to 8-10 weeks.

Some registered agents who can get the company set up for you in 3-5 days include:

www.getregistered.ie
www.formations.ie
www.companyformations.ie
www.formacompany.ie
www.businesscompanyformations.ie

plus lots more.... Just google it.

No only took me about two weeks , soon as your finish you just print off the details , sign them and post them into the CRO.

itsonlyme

itsonlyme wrote: »

Video Production!!!!!!.......are ye a generation tooooo late.....thought DVD's are all the rage now.........

APOLOGIES IF I AM MISSING SOMETHING!

You are missing something.:rolleyes:

GoneShootin

itsonlyme wrote: »

Video Production!!!!!!.......are ye a generation tooooo late.....thought DVD's are all the rage now.........

APOLOGIES IF I AM MISSING SOMETHING!

stay on topic please - he didn't ask for opinions on his business.

thecleverone

No only took me about two weeks , soon as your finish you just print off the details , sign them and post them into the CRO.

Do you mind me asking how long ago that was?

thecleverone

How does one get to be a company formation agent.

You register as an agent with CRO but it would be advisable to get some training / qualifications with the ICSA (Institue of chartered secretaries & administrators) in order to understand what you're doing. I know a few company formation companies who haven't undergone any formal training in the secretarial field which i think is outrageous.

Sposs

thecleverone wrote: »

Do you mind me asking how long ago that was?

Abou three months ago.

HeinekenTicket

Have a look at a memorandum of association first - the information you require for the Form A1 would come directly from your memorandum of association.

The directors just need to sign the section on 'subscribers' and the information for the 'company capital and stamp suty section' would be the same as you would include in the memorandum.

so once you have the memorandum information clear in your head, the Form A1 shold be straightforward. You can't submit the A1 to the CRO without the memorandum anyway.

If this is not making any sense, you should use an agent or accountant to look after this setup for you. It's a very straightforward piece of work for them.

thecleverone

Have a look at a memorandum of association first - the information you require for the Form A1 would come directly from your memorandum of association.

Wrong. The information on the A1 include registered office address, directors details & secretary details, trading & admin address etc, none of which are contained in the memorandum of association.

The directors just need to sign the section on 'subscribers' and the information for the 'company capital and stamp suty section' would be the same as you would include in the memorandum.

Wrong again. Subscribers = shareholders which are totally different to the company directors.

Also, the share capital section is left blank on a bought set of memorandum & articles of association, which means you have to fill it on on both the A1 and the m&a's

so once you have the memorandum information clear in your head, the Form A1 shold be straightforward. You can't submit the A1 to the CRO without the memorandum anyway.

What about the articles of association?

If this is not making any sense, you should use an agent or accountant to look after this setup for you. It's a very straightforward piece of work for them.

Finally...yes. An accountant or company formation agent would do the trick.

I'm really sorry if i'm going on, but it drives me insane when people try to advise on something they're not sure of. Please people. Stick to your area's of expertise and don't try to advise people on something that you "kind of" understand!

thecleverone

Originally Posted by thecleverone
Do you mind me asking how long ago that was?

Abou three months ago.

Fair play. You did well then mate. Its taking a lot longer than that now.