Pearse Trust Blog



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

A Guide To Re-Domiciling Companies To New Zealand

Posted by Pearse Trust on Wednesday, Dec 18, 2013

The New Zealand Companies Act 1993 allows a limited liability company incorporated outside of New Zealand to transfer its registration and thus re-domicile to New Zealand, provided the legislation of the overseas jurisdiction allows the overseas company to re-domicile to another country.  

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Tags: Incorporation, New Zealand

Unlimited Companies In Ireland – An Overview In 2 Minutes

Posted by Pearse Trust on Wednesday, May 22, 2013

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Tags: Ireland, Legal, Incorporation

An Introduction To Societas Europaea Companies

Posted by Pearse Trust on Monday, Jan 07, 2013

A “Societas Europaea” (an “SE”) is a type of European public limited company (PLC) (limited by shares) having all of the company law advantages of incorporation. 

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Tags: Corporate Governance, Incorporation, EU

Registering A UK Establishment For An Overseas Company

Posted by Pearse Trust on Wednesday, Jul 11, 2012

In accordance with the Overseas Companies Regulations 2009 (the ‘Regulations’), a foreign company with a UK ‘establishment’ must register with Companies House. For the purposes of these Regulations, a UK ‘establishment’ is any branch (within the meaning of the Eleventh Company Law Directive) or any place of business of an overseas Company which is located within the UK.

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Tags: Legal, Incorporation, United Kingdom