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Setting up a business

  • 05-11-2010 1:03pm
    #1
    aaron_d
    Closed Accounts Posts: 13 ✭


    Hi

    I have a limited company and it took some time/revenue too set it up. However Im looking to set up a simple business and it doesnt need to be limited as not dealing with alot of money. What is the fastest way of setting up a company without having to spend alot of money setting it up. There would be 2 of us involved in the company.

    Thanks in advance

    Aaron


Comments

  • #2
    vijayrth11
    Registered Users, Registered Users 2 Posts: 6 ✭vijayrth11


    sole trader can be better option but as you are two, then limited company is good.
    It takes time but no more than 20-30 days.
    Once you have company name and account you can start work and can do vat and other taxes simultanously.


  • #3
    gerrycollins
    Registered Users, Registered Users 2 Posts: 1,799 ✭✭✭gerrycollins


    i cannot think of the value but if the company turnover is less than €45k(i think) a year then you dont need to set up a company of any description as you are not liable for corperation tax hoever you cannot claim for VAT or such.

    After that set up as a partnership on line takes a few forms and a few days


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