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With over 14 years of experience in company formation and dissolution, Chern & Co has become a trusted name for business owners in Ireland. Our mission is to simplify the process, making it accessible and stress-free for entrepreneurs.
The process of dissolving a company in Ireland typically involves several steps:
Our dissolution process is designed to be quick and secure. We use cutting-edge technology to handle your application efficiently, ensuring that all transactions are encrypted and processed safely.
Chern & Co offers a range of services tailored to meet your company’s specific dissolution needs. Whether you need a voluntary strike-off or other dissolution services, we have the expertise to guide you through every step.
Ready to close your Irish company? Contact Chern & Co today for a free consultation. Our team will guide you through the process and answer any questions you may have.
What You Need To Know
Company dissolution is the formal process of closing down a company’s operations, settling its debts, and officially removing its existence from the company registry. The process involves ceasing all business activities, paying off liabilities, distributing any remaining assets, and filing the necessary documents with the Companies Registration Office (CRO).
Involuntary strike-off occurs when the Companies Registration Office (CRO) removes a company from the register due to non-compliance with statutory obligations, such as failing to file annual returns or financial statements. This action is taken without the company’s initiation and can lead to the company’s assets becoming the property of the state if not restored or wound up properly.
To restore a dissolved company in Ireland, you must apply to the High Court or, in some cases, directly to the CRO, depending on how long the company has been dissolved. The application must demonstrate a good reason for restoration, such as to recover assets or continue business. If successful, the company is deemed to have continued in existence as if it had not been dissolved.
The entire process usually takes around 3 months from the submission of all required documents to the final removal of the company from the CRO register.
Company dissolution itself does not automatically result in the disqualification of company directors. However, directors could face disqualification under certain circumstances related to the dissolution, such as if they were found to have engaged in fraudulent or dishonest conduct leading to the company’s failure.
The time it takes to dissolve a company in Ireland can vary. A voluntary dissolution, where all debts are paid, and proper procedures are followed, might take a few months. An involuntary dissolution, such as through a strike-off for non-compliance, might occur more quickly but with additional consequences and less control over the timing.
Business name termination involves formally ceasing the use of a registered business name and removing it from the Register of Business Names held by the CRO. This is necessary when a sole trader, partnership, or company decides to stop trading under a particular business name or if the business is closing down. It requires notifying the CRO and completing the relevant termination forms.
Required documents include up-to-date annual returns and accounts, a director’s statement, minutes from the board meeting, a letter of no objection from Revenue, and a published advertisement in a national daily newspaper.
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