Corporate Finance
Small businesses commonly rely on bank lending and retained funds for financing, with loans ranging from short to long term. Formal legal agreements are crucial for loans, detailing repayments, interest, and profits.
Tax implications vary for interest-bearing loans, with considerations for borrower and lender. Leasing assets can offer tax advantages, while capital allowances and deductions apply to asset purchases.
Compliance with Companies Acts is essential for loans and securities, with particular considerations for loan purposes and company powers. Insolvency laws govern preferences, with connected persons and directors subject to scrutiny.
All asset charges and floating charges offer security over a company’s assets, with registration requirements to ensure validity. Foreign companies operating in Ireland must adhere to local registration and legal transaction rules, potentially requiring registration in both their home country and Ireland. Consulting foreign legal experts may be necessary to ensure compliance with relevant laws.
Read a detailed Article on this subject with the Legislation and Cases, browse Irish Legal Guide or Contact Us for advice below.