Pearse Trust Blog



Choosing A Company Name In Ireland

Posted by Pearse Trust on Monday, Nov 28, 2016

Making A Name For Yourself

When incorporating a company, choosing the right company name is important. A company name must be unique. A name that is identical or overly similar to one which already exists will not be registered.

Where there is a similar company name in existence which obstructs the registration of a company name, it is possible to furnish the Companies Registration Office with a Letter of No Objection from the existing company to the use of the proposed name. For example, where the two companies will be associated or where the beneficial owner of both companies is the same.

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Tags: Ireland, Incorporation, Intellectual Property

5 Reasons To Incorporate Your Business In Northern Ireland

Posted by Pearse Trust on Wednesday, Oct 12, 2016

 

Are you unsure if you need to form an official business structure for your company?

Choosing your business structure might be one of the most important decisions that you will face. Incorporation protects your personal assets, enables you to access tax advantages and grow business

Below are 5 top reasons to incorporate your business in Northern Ireland.

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Tags: Incorporation, UK

Charitable Tax Status & Name Exemption For Irish Companies

Posted by Pearse Trust on Wednesday, Aug 03, 2016

This blog will look at the requirements for qualifying for charitable tax status and name exemption for Irish registered companies.

It will also discuss the statutory obligations placed on charities by the Charities Act 2009, the Companies Registration Office, the Revenue Commissioners and the Charities Regulatory Authority.

The 2009 Act was introduced in order to reform how charities are governed, to ensure that they comply with their legal obligations and to enhance transparency and governance standards in the charity sector.

 

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Tags: Ireland, Legal, Incorporation, Tax

Irish Company Conversion Deadlines

Posted by Pearse Trust on Wednesday, Jul 06, 2016

Following decades of multiple pieces of legislation governing Irish Companies, we now finally have a single piece of legislation, The Companies Act 2014.

The Act does not only consolidate all existing pieces of legislation under one umbrella, but also creates two completely new company types and erases the existing Private Company Limited by Shares under the Companies Acts 1963 to 2013. 

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Tags: Ireland, Legal, Incorporation, Limited Companies

Pre-Incorporation Contracts – An Overview

Posted by Pearse Trust on Monday, Apr 11, 2016

Section 45 of the Companies Act 2014 replaces, with very similar wording, Section 37 of the Companies Act 1963.  It deals with “pre-incorporation contracts”. These are contracts entered into on behalf of a company prior to the date of its incorporation.

Such a contract may be ratified by the company subsequent to its incorporation.  If so ratified, the company becomes bound by it and is entitled to the benefit of it as if the company had been in existence at the date of the contract and had been a party to it.

Prior to, or in default of ratification, the person or persons who purported to act in the name of, or on behalf of the company are personally bound by the contract and are entitled to the benefit of it, unless there is express agreement to the contrary.

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Tags: Ireland, Legal, Corporate Governance, Incorporation

New Simplified Reporting For UK Micro Entities

Posted by Pearse Trust on Monday, Feb 15, 2016

Following pressure from Europe the Financial Reporting Council (FRC) published a new standard, FRS 105 - The Financial Reporting Standard applicable to the Micro-entities Regime for use by those micro-entities choosing to adopt this simpler regime. This new standard is applicable for companies with accounting periods commencing on or after 1 January 2016 with the option for earlier adoption.

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Tags: Legal, Incorporation, United Kingdom, Accounting, Tax, Audit

Irish Corporate Entities – An Overview

Posted by Pearse Trust on Wednesday, Feb 10, 2016

In the modern business world, incorporating a company and the legal structure that an entity takes is a critical decision. When assessed correctly, the correct structure can provide substantial advantages for those undertaking commercial affairs. These advantages include limited liability, separate corporate personality, and possible advantageous taxation. With substantial advantages available, the new Companies Act 2014 provides for a number of distinct corporate entities.

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Tags: Ireland, Legal, Incorporation, Limited Companies

Identification Numbers Relevant To UK Companies

Posted by Pearse Trust on Wednesday, Dec 10, 2014


This blog provides an overview of the various numbers that are relevant to UK companies.

Company Registration Number

The Company Registration Number (“CRN”) is issued to a company’s registered office upon the successful registration of a company. 

This includes the following most commonly used entities:

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Tags: Legal, Incorporation, United Kingdom

RAK International Companies

Posted by Pearse Trust on Wednesday, Dec 03, 2014

 

An OECD white listed jurisdiction, Ras al Khaimah (‘RAK’) is the fourth largest of the seven emirates forming the United Arab Emirates (‘UAE’).

RAK launched an offshore facility regulated by the RAK Free Trade Zone (‘RAKFTZ’) Authority International Company Regulations in 2006, which allows for international business to be conducted free of local taxes and regulations. This particular model was based on the international business company regime model followed by the British Virgin Islands.

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Tags: Legal, Incorporation, UAE

Overview Of The UK Small Business, Enterprise & Employment Bill

Posted by Pearse Trust on Wednesday, Jul 16, 2014

The Small Business Enterprise and Employment Bill received its first reading in Parliament on the 25 June 2014. The Bill aims to progress a number of Government commitments intended to further the UK’s reputation as a trusted and fair place to do business, and also to improve new opportunities for small businesses to operate and compete.

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Tags: Legal, Incorporation, United Kingdom