Sole trader v limited – what’s the right choice?

- Group companies where the group as a whole does not meet the above size criteria;

- Banking / insurance companies and other credit institutions who are regulated by the Central Bank. Issues to consider when deciding on legal structure:

- Will the business make sufficient profits (now or in the future) to justify the additional expense of running a company?

- Is a company structure required for a grant application or is there a potential investor in the wings?

- Are you willing to deal with the paperwork associated with the business in a timely manner or will you outsource/delegate this to someone else?

- Do you want to protect the business name by registering a company?

- Do you accept that the company’s accounts will be filed on public record at the CRO?

Is limited liability important in your industry sector?