Thursday 7 February 2013

Closing a Limited Company


Closing a Limited Company - Voluntary Strike Off in Ireland

How to Close Your Limited Company - If a company has ceased trading or has never traded it may avail of Voluntarily Strike Off to have the company struck off from the register of companies.

Our Voluntary Strike Off document drafting expertise and advice is provided to many companies each year, seeking to Close a Limited Company.


Closing a Limited Company - Your Company Status
 


In order to apply to close a limited company and benefit from the Voluntary Strike Off process;


  • company debts should have been fully paid/ compromised or else written confirmation of write-off secured by the company from any creditor.
  • any assets and liabilities must not exceed €150.
  • all corporate tax liabilities will similarly have to be discharged.
  • the company should not have issued capital in excess of €150 now or at any time in the past 3 years.
  • all annual returns and revenue filing requirements must be up to date at the time of application or be in the process of being finalised in advance of making application.

Business & Company Formations can advise you on the Voluntary Strike Off and Company Closure process. We will assist the Voluntary Strike Off of your company by drafting the required statements and public notices for you, advising on any outstanding filing requirements, assisting in the completion of any outstanding accounts matters and liasing where appropriate with the Revenue Commissioners and the Registrar of Companies.

Note, that Closing a Limited Company i.e. the Voluntary Strike Off process is a lengthy one and can take anything up to six months.


Contact us to handle your voluntary strike off  requirements.

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