The Companies Act 2014 came into force on the 1 June 2015. The Act affects all companies incorporated under Irish law, in particular private limited companies. One of the most important changes that the Companies Act 2015 brings is that it provides for the creation of two types of private limited company:

  • Company Limited by Shares (LTD)
  • Designated Activity Company (DAC)

During an 18 month transition period starting from 1st June 2015, existing private limited companies must decide whether to convert into a Company Limited by Shares or a Designated Activity Company. At Connacht Accountancy, we will be examining each of our client’s situations on a “case by case” basis before helping clients decide the best option.
Call us on 091 745512 or email