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Company Formation in Ireland
Effortless and affordable company set up in Ireland
Are you planning to start your own business in Ireland? SGK Dublin Accountants is a reputable and professional firm that can help you with your company formation needs. We have over 10 years of experience and expertise in helping people start and operate their own businesses in Ireland.
A business in Ireland is a legal entity that is separate and distinct from its owners and shareholders.
At SGK, we understand that starting a new company can be a daunting and stressful experience. So much so that we’re proud to say that 98% of our clients find their new companies within 30 days. And it’s not just for small businesses either – we’ve helped over 1,000 companies since 2009.
Our expertise doesn’t end at our amazing service, however. Our company formation team is comprised of experts who can advise on everything from how to start a business to which type of business structure to go for. You’ll want to consider the following options when thinking about company formation:
The first thing to consider is whether you want to incorporate or be an unincorporated company. The main difference is that an unincorporated company has no tax liability and is owned by the people that run it. On the other hand, incorporating means you’ll be subject to Irish corporation tax and will need to keep your books and records for a minimum of six years. Incorporation is also a legal requirement for companies with a turnover of more than €2.5m (€7m for overseas companies).
Incorporation is not always the right choice. For example, an LLC can be a better option than a C Corp for certain types of business. Here are some of the pros and cons of each:
An S Corp can be set up as a limited liability company, or an L or C Corp can be set up as a general partnership. This is also known as the ‘single member company’.
An LLC is a hybrid between a company and a partnership. In addition to the benefits of a company, you can also have the flexibility of a partnership.
When choosing an LLC, you should consider the following:
The most important factor to consider is the fact that an LLC will charge tax at a higher rate than a C Corp. As such, the C Corp route is often the more attractive option. However, there are ways around this. For example, you could convert your LLC into a C Corp or you could change the terms of your company to be a sole proprietor.
We also offer a range of legal services, including trademark searches and searches of intellectual property. Our team will assess your needs and provide you with all the information you need to make a decision.
Contact us now and we’ll discuss your Ireland company formation needs.