Closing Down a Company

WDVladB

I set up a company a couple of months ago but have decided not to proceed with the venture. It has never traded and has no assets or liabilities. I am looking for the best way to close it down, one person has advised me to voluntarily wind it up but another has said that it should be wound up. Can anyone advise of what the difference is between the two and what the best route to take is.

thecleverone

Voluntary Strike off is the best way to go. You can do it yourself. All instructions are here:

http://www.cro.ie/ena/business-termination-voluntary.aspx

sandyhills

no need to go down the liquidation route if the company has no assets or liabilities. just make sure you follow the procedure correctly or use a company secretarial firm, accountant or solicitor

dormant_co_acc

Once it has no assets or liabilities, you should take the voluntary strike-off route. closedforbusiness.ie do it for 199 all-in.

WDVladB

Thanks for that, I will check out the website. As a matter of interest, if I go down the voluntary strike off route, would it affect me in any way as a director / potential director of other businesses ??

dormant_co_acc

No. Availing of voluntary strike-off is the cleanest way to close a company. No-one is owed money. All tax returns and liabilities are up-to-date so there are no issues around restriction or disqualification.

fintanmac

Shouldn't cost you too much.

The forms from the CRO are simple and easy to follow.

Did one last year and used www.mystrikeoff.ie they charged Eur 99 plus VAT.

You might like to try that.

Regards,

Fintan.