Why a Limited Company?

Limited Company Benefits Summary

 

• The company has a legal existence separate from management and its members’ so members’ liability is limited
• Shareholders in a limited liability company are only liable to lose the share capital they subscribe
• Personal assets of directors or shareholders cannot be used to pay off company debts
• The company’s name is protected – Incorporation of a limited company protects it from use by another limited company
• It has flexible borrowing powers
• Tax efficiencies through greater company pension scheme contributions to be secured through a limited company
• The company continues despite the death, resignation or bankruptcy of management and members
• Ireland’s Corporate Tax Rate of 12.5%
• Appointment, retirement or removal of directors is straight forward
• A limited company has a greater ability to raise finance by the issue of shares
• Ownership of a limited company can be spread over a greater number of people
• There may be a greater degree of business credibility of trading through a limited company
• For sole traders and in partnerships, the individuals personal assets are at risk if there is a claim against them

Contact us at info@thomondsecretarial.ie or +353 61 411000 for further details. 

Contact details

1 Mount Kennett Place

Henry Street

Limerick

Tele:      061-411000

Fax:        061-411001

Email:    info@thomondsecretarial.ie

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