A company is a long established structure governed by company law regulations which is suitable for trading operations and as a structure for asset ownership.
One of the main benefits of limited liability companies is that the owners liability is limited (subject to certain exceptions) to the net assets of the company. The benefits of limited liability status for entrepreneurial activities should not be underestimated.
Whether the business is large or small the company structure may be the best way to pursue your aims. A statutory audit is a requirement of the company unless audit exemption can be claimed. If the company is a member of a group or a company limited by guarantee, such as a charity or property management company, then an annual audit is required.
However the company structure adds an additional layer of legal obligations to a business. At McCambridge Duffy we have the qualifications and skills to handle the statutory requirements for companies including statutory audits and company secretarial services. As one of the largest insolvency firms in the UK and Ireland, we also have a deep knowledge of company law and corporate governance issues.
© 2015 McCambridge Duffy All. rights reserved
McCambridge Duffy Limited is a Limited Company registered in Ireland
Registered number 527584
Registered office 31-33 Lower Main Street, Letterkenny, County Donegal