What are the types of companies in Ireland?
There are various types of companies in Ireland. The most common among them are:
1. Limited Company (Ltd): The most common type of company in Ireland. Limited Company is a type of company with limited liability. The owners of the company have limited liability for the company's debts.
2. Designated Activity Company (DAC): DAC is a type of company used for companies that focus on a specific field of activity. DACs are preferred for establishing companies that serve a specific purpose.
3. Unlimited Company: Unlimited Company is a type of company with unlimited liability. In such companies, the owners of the company have unlimited liability for the company's debts.
4. Public Limited Company (PLC): PLC is a type of publicly traded company. The shares of these companies are offered to the public and they are generally large-scale companies.
5. Company Limited by Guarantee: In this type of company, the owners of the company provide a limited guarantee if the company is a non-profit organization. These types of companies are often preferred for associations, foundations and other non-profit organizations. Apart from these company types, there are also other types of companies in Ireland such as branch offices, joint ventures and cooperatives.
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