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limited company question

  • 28-06-2010 4:55pm
    #1
    chelseababe
    Closed Accounts Posts: 3 ✭


    Am thinking of setting up a ltd company.Can anyone tell me is it normal to purchase the off the shelf memorandum /articles of association. Am drafting the company constitution currently and am building the company rules but getting conflicting advice.Some people say keep the constitution simple and others say the opposite. The company is in relation to a charity.Any suggestions welcome
    Thanks


Comments

  • #2
    dudara
    Registered Users, Registered Users 2 Posts: 33,518 ✭✭✭✭dudara


    Moved to Entrepreneurial & Business Management

    dudara


  • #3
    pamsmith
    Closed Accounts Posts: 1 ✭pamsmith


    Yes moved to Buis\sness management and enterprises...is the Right advise for you,.....You only get the best with this Right advise only..!!!
    ________________
    ppi claims
    insurance complaint
    payment protection complaint


  • #4
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    If you are forming a charity I would strongly advise you to go to a company formation agent unless you actually know what you are doing.

    Copying another company's memo and aticles when it is really a special purpose company can result in unwanted clauses and restrictions which were not apparent at the time. These clauses can result in much time and cost wasted in their removal or in the worst case may result in you becoming ineligable for registration as a charity with the revenue.

    Kind Regards


    dbran


  • #5
    CompanyBureau
    Registered Users, Registered Users 2 Posts: 93 ✭✭CompanyBureau


    Dbran is right. The M&A needs certain clauses included to allow you to register for Charitable status with the Revenue, so it is important you engage a company formation firm who have expertise in this particular area. It needs to be tailored towards your particular type of business. It can be disasterous just copying someone elses M&A...


  • #6
    kenbrady
    Closed Accounts Posts: 404 ✭✭kenbrady


    chelseababe wrote: »
    Am thinking of setting up a ltd company.Can anyone tell me is it normal to purchase the off the shelf memorandum /articles of association. Am drafting the company constitution currently and am building the company rules but getting conflicting advice.Some people say keep the constitution simple and others say the opposite. The company is in relation to a charity.Any suggestions welcome
    Thanks
    see attached


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  • #7
    CompanyBureau
    Registered Users, Registered Users 2 Posts: 93 ✭✭CompanyBureau


    There's a number of errors and ommissions on that M&A taken from the Revenue website. For example, it should be the Companies Acts 1963-2009 - Not 1963-1999. There's been several amendments to the company's acts since 1999, so it's probably more of an example than anything..


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