Shareholders agreement vs articles of association: what founders should decide
Understand the different roles of a shareholders agreement and articles, then prepare the ownership and decision questions your advisers need.
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Founder agreements and business ownership guides
Practical explanations and checklists for founders and business owners. Read the guidance, organise the decisions and explore the relevant documents.
What is a Partnership?
A partnership is an arrangement where individuals (or other entities such as companies) agree to work together for the purposes of making a profit and advancing their common interests. As…
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Selecting a Business Structure
The first organisational issue to consider when starting a new business is what legal structure to use. There are three basic options to choose from:
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Taxation of Partnerships
As a partnership is not a separate legal entity, its partners share the profits and losses of the partnership business directly. As a result, they are directly assessed for income tax on…
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Marketing and Selling your Product
Many great business ideas die on the vine because not enough thought and effort goes into promoting the business and getting customers in the door. Even if you have an innovative product or…
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How to Set Up a Joint Venture
If two companies or individuals believe that there are advantages to working together on a targeted business project, they may decide to form a joint venture. For example, if you have a…
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How to Start a Business
Starting a new business is an exciting process. It begins with an inspiration—an idea about a product or service that you would like to offer. Then you visualise and plan how to bring your…
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How do I Register a New Company for Tax?
If you are setting up a new company, one of the first things that you will need to do is notify the Revenue Commissioners. You will need to do this after the incorporation of your company…
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Hiring Self-Employed Service Providers
Every business has certain tasks that need to be performed where it does not make sense to hire an employee to do the work, both because specific skills will be required for a limited…
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Hiring Employees and Independent Contractors
Assess the real working relationship before choosing an employment contract or consultancy agreement.
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Hiring an Employee
Bringing a new employee into your business may seem like a very simple proposition. For example, if your restaurant needs a chef, you simply interview candidates and give the best one the…
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Hiring a Consultant
Regardless of whether a business is run by an experienced management team or a sole proprietor just getting his feet wet in the commercial world, it may be necessary at times to hire a…
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Overview – Employees, Service Providers and Consultants
Prepare a clear brief for the people and external providers your business needs, including scope, ownership and handover.
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Suppliers and Supply Agreements
Nearly every business needs suppliers. If you manufacture products, you need raw materials and components. If you run a restaurant, you need food and beverages. If you own a retail store,…
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Benefits of a Partnership Agreement
Partnership agreements are used to regulate the manner in which the business of a partnership will be carried on and to regulate the relationship of the partners as owners of that business.…
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Advantages and Disadvantages of Partnerships
There are a number of advantages to having a partnership. Some of these include:
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