Conversion options for existing Irish private companies
If you have an existing private limited company, you need to decide whether to convert your private company into a private company limited by shares or remain a designated activity company.
If you wish to remain a designated activity company you must have made the necessary application by 31 August 2016 at the latest.
If you do not take any action the private company will automatically convert and become a private company limited by shares by default on 30 November 2016.
By converting early you can take advantage of the benefits immediately rather than waiting for the default position.
Company Law Action for 2016:
Decide on whether to convert to the new type private company or to become a designated activity company and convert early to take advantage of the new regime.
Read more on the new rules.
Any questions? Please contact us.
Disclaimer
The material in this article is for general information purposes only and does not constitute legal or taxation advice. Specific legal and taxation advice should be sought before acting. All information and taxation rules are subject to change without notice.
No liability whatsoever is accepted by M. McLoughlin & Co. for any action taken in reliance on the information in this article