RMcH states: after a five-year pause, involuntary strike-offs by the CRO (Companies Registration Office) are returning, and with June Annual Returns approaching, now is a practical time to review to act on companies that could be closed out properly.
If any you have connected companies that are no longer trading, or never traded at all, a Voluntary Strike-Off is a clean, cost-effective way to remove the ongoing compliance burden
Why it’s worth acting now
Leaving inactive companies on the register carries real risk. If the CRO strikes a company off involuntarily for failure to file Annual Returns, directors can face disqualification and the company loses limited liability protection. A voluntary process, done on your timeline, avoids all of that.
Where a company’s assets and liabilities don’t exceed €150, and all returns are up to date, it’s also considerably simpler and may be less costly than liquidation.
Preparing Director’s Board Minutes and Members’ Resolution
Seeking a Letter of No Objection from Revenue
Placing the required advertisement in a national newspaper
Submitting all documentation to the CRO
If you have any inactive companies Incorporated, which are not kept their filings up to date, we can arrange the strike off on a voluntary basis, please contact barry@rothwellmchugh.ie