Company registration is made fast and efficient by hiring agents who are experienced in the company formation process. Things get even faster with online application which allows the company registration agent to communicate with the client by phone and email.

Company registration is made fast and efficient by hiring agents who are experienced in the company formation process. Things get even faster with online application which allows the company registration agent to communicate with the client by phone and email. The details of the company being formed are input through an online form by the client. The company registration agent continues to make the registration using the information gathered.

If there are any discrepancies, the agent will request clarification from the client and make suggestions where there is an impasse. The company registration agent is concerned with the smooth processing of the application and must get every detail correct to the tee. From experience, the agency knows the common errors made when trying to register a company. Hence the agent does not fill the required A1 form until all the details are approved by the client.

The main points considered when registering a company are the address, the directorship and shareholding. This company formation should ideally reflect the company structure in terms of management and ownership. Ireland company registration requires at least two company directors and at least one shareholder. It also requires a company secretary to be named and that could be one of the directors. The value of the company’s assets is divided into shares clearly indicating how many shares are held by each shareholder.

If the client does not currently have a willing company secretary, he may ask the agent to take on this role as a continued service after company registration. The company will, therefore, have its documents in order whenever there are major changes in the company formation. After registering a company tax returns must be submitted every year. They must be submitted before the annual returns date in order to avoid penalties for late submission. The corporation tax rate is 12.5% in Ireland, but this is not applicable to those who are starting a business whose revenue is below the tax bracket.

The company registration agent can later double up as the tax agent for timely submission of returns. The agent already has the necessary company details and it would not be hard for him to manage the company accounts. The annual returns date is considered when registering a company to coincide with the company’s end year accounts and audits. For an already registered company, the annual returns date may only be changed when certain stipulations are met.

The address of the company given when registering a company must be a physical location and not just a post office box. Sometimes the need for a quick company formation comes before the client can find a suitable location. This is common when starting a business. The agent may be able to use his address under certain conditions. These considerations are important because essential letters and documents sent to the company’s address may be missed if the address is no longer working. Reminder letters on tax returns for instance may be sent and if not received on time they will lead to penalties.

Resources:
Mary Eastwood is the author of this article on Company Registration.
Find more information, about Company Formation here


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