Company Law

COMPANY LAW

A Company is a vehicle which allows two individuals (acting as Directors) to carry on a business with limited liability. The Liability of the Directors of the Company is limited to the value of the issued share capital, usually €2. It is the principal way of doing business in the State. However, while the Director escapes liability for the company’s debts (subject to certain exceptions) there are many onerous duties on a Director which can lead to large fines and awards of costs made personally against them together with a court order to return profits or return a director’s loan. Anecdotal evidence suggests that many directors remain unaware of their duties. The main areas of our expertise in Company Law are:

• The  Formation of new Companies
• Shareholders Agreements – agreements about the operation of the Company made between shareholders
• Share Purchase Agreements – agreement made between the vendor and purchaser of shares in the company. It is vital to note that when you purchase the assets of a company (it’s shares) you also purchase its liabilities.
• Minority Oppression
• Drafting Memorandum and Articles of Association of Companies
• S29 and S31 of the Companies Act 1990 Procedure.
• Compliance

Please use the contact us section of this website if you require any further information in relation to Company Law