Closing company

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yop

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Hi,
Have my own limited, 2 directors, my wife and myself. I was the only employee, setup as I was an IT contractor.
I started with another company on a permanent role in March and won't be leaving it, all going well!!!
So I have paid up all the VAT and de-registered via ROS.
I think I will close the company as there is no point leaving it open. What do I need to be concerned about when doing this?
Is it a good idea to ring CRO or Revenue and explain or totally pointless.

Also there is 11k in the company account, I have't paid myself for March yet, so legally, is it ok to pay myself out of that and pay up on a P30 so that it comes to 11k, in other words leave no money in the account?

Many thanks
 
I don't think there is any point in ringing CRO or Revenue - they will just tell you to complete the relevant forms.

I would suggest contacting an accountant to close the company for you. There may be ways to get the €11k out tax free which could be a significant saving.

Once the assets and liabilities have been reduced below €150 you can request the company to be voluntary struck off. There are a number of forms to be completed for this but the accountant would be able to complete these for you.
 
If the company's annual returns are currently up to date with CRO you do not have to file another return before applying for Voluntary Strike Off (if the company qualifies), and there is no charge for that application. But the CT1 to date of closure does have to be filed with Revenue first.
 
Hi, I am going with the VSO, thanks for the advice.

With regards the G1-H15 I am having bother filling out the Resolution(s) section. I am not clear as to what should go in here or what should be ticked.
Any advice appreciated.

Notes from the form:
Only a special resolution to apply for the Voluntary Strike-Off under section 731 Companies Act 2014 is permitted on this form. A resolution is required to be filed, within 15 days of the passing or making of the resolution, under section 198 of the Companies Act 2014. Public Limited Companies (PLC), Companies Limited by Guarantee (CLG) and Unlimited Companies cannot pass a majority written resolution.

Tick the relevant box(es). If a meeting was held, the address where the meeting took place must be entered. In all cases, the date must be given.
 
yop said:
Hi, I am going with the VSO, thanks for the advice.

With regards the G1-H15 I am having bother filling out the Resolution(s) section. I am not clear as to what should go in here or what should be ticked.
Any advice appreciated.

Notes from the form:
Only a special resolution to apply for the Voluntary Strike-Off under section 731 Companies Act 2014 is permitted on this form. A resolution is required to be filed, within 15 days of the passing or making of the resolution, under section 198 of the Companies Act 2014. Public Limited Companies (PLC), Companies Limited by Guarantee (CLG) and Unlimited Companies cannot pass a majority written resolution.

Tick the relevant box(es). If a meeting was held, the address where the meeting took place must be entered. In all cases, the date must be given.
Click to expand...

Just check that the CO ACT 2014 which came in on 1st June 2015 has not moved the goal posts on you.
 
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ircoha said:
Just check that the CO ACT 2014 which came in on 1st June 2015 has not moved the goal posts on you.
Click to expand...

Or better still, just pay a very small proportion of the 11k in the company to a professional to do the job properly!!

Horses for courses yop, if you spent the time and energy you'll have to expend on this, doing your day job, you'll have the fee paid a couple of times over.
 
Jon Snow said:
Or better still, just pay a very small proportion of the 11k in the company to a professional to do the job properly!!

Horses for courses yop, if you spent the time and energy you'll have to expend on this, doing your day job, you'll have the fee paid a couple of times over.
Click to expand...

I hear you, I've done most of the work, speaking to Revenue, Ad ready to go to the paper, so I will just unclear on that section.
Thanks for the advice.
 
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