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ing up a ltd comapny!!?

  • 06-01-2009 04:56PM
    #1
    a2dg
    Registered Users, Registered Users 2 Posts: 41 ✭


    Hello all, I want to set up a ltd company so i can begin trading. I have come to decide on this structure as i feel it to be the "safest" with regard to risk (personal pocessions etc.). I know that i can visit my solicitor and have one set up through him but it will cost between 1000 to 2000 euro? I have also heard that it is possible to get the relevant forms and fill them out yourself, might be time consuming but the way I see it every bit saved can be ploughed back into the business to try and make it succeed.

    Any advice on where to get these forms and how difficult they are to fill out would be greatly appriated. Thanks in advance :)


Comments

  • #2
    viztopia
    Closed Accounts Posts: 770 ✭✭✭viztopia


    you should not have to pay any more than €250 with some of the specialist company formation companies out there. i have used www.omnipro.ie and i have found them very good. download an order form from the website and fill it in and send it back to them. they have a one week turn around on company formations. you could let me know if you need any help with registering for tax and i can point you in the right direction.

    i wouldnt go down the road of forming the company yourself as this can be complicated if you do not know what you are going. i knwo money is tight every where now but €250 is not a crazy price.


  • #3
    thecleverone
    Closed Accounts Posts: 337 ✭✭thecleverone


    I have come to decide on this structure as i feel it to be the "safest" with regard to risk (personal pocessions etc.).

    Just don't think its a bullet proof vest. Directors can still be found to be personally liable in certain circumstances. Also, a lot of banks and financial institutions are looking for personal guarantees from the directors of the company, so should the company not succeed, the directors are still liable for any loans etc.
    Limited companies are good, but just don't look at the structure through rose tinted glasses as the "veil of incorporation" is being lifted more and more frequently leaving the directors personally exposed.


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