The Companies Act 2014 sets out several types of company. These are the three we form, and what sets them apart.
| Detail | LTD Private company limited by shares | DAC Designated activity company | CLG Company limited by guarantee |
|---|---|---|---|
| Best for | Trading businesses, start-ups and holding companies. The simplest to run. | Regulated, financing and special-purpose companies, and subsidiaries that need defined objects. | Charities, clubs, sports bodies and other not-for-profits. |
| Name ends with | Limited or Ltd | Designated Activity Company or DAC | Company Limited by Guarantee or CLG |
| Irish form | Teoranta | Cuideachta Ghníomhaíochta Ainmnithe | Cuideachta faoi Theorainn Ráthaíochta |
| Minimum directors | 1, with a separate secretary | 2 | 2 |
| Constitution | One document, full capacity | Memorandum and articles, with objects | Memorandum and articles, with objects |
| Share capital | Required | Required | Optional |
| From | €99 | €249 | €249 |
| About the LTD | About the DAC | About the CLG |
LTD
Trading businesses, start-ups and holding companies. The simplest to run.
DAC
Regulated, financing and special-purpose companies, and subsidiaries that need defined objects.
CLG
Charities, clubs, sports bodies and other not-for-profits.
Check your company name against the CRO register now, then form your company when you’re ready.