At last, the long awaited Companies Bill, 2012 is on its final journey through the legislative process. It is expected to be signed into law at the end of December 2014, with commencement likely to be June, 2015. Once passed it will be the largest piece of legislation lreland has ever seen.

The Bill consolidates and reforms Irish Company Law and every Company, director and shareholder will be affected and will have choices to make.

Some of the main differences between the new model private company limited by shares (LTD) and the existing private company limited by shares (EPC’s) are set out below: