Companies Act 2014 – Consequences of not converting
The start of a New Year always triggers ‘To-Do Lists’, however, for Company owners in 2016 it is important this year’s list includes action in advance of the expiry of the Transition Periods under the Companies Act 2014:
- 31 August 2016 to re-register as a Designated Activity Company (DAC)
- 30 November to convert to a Company Limited by Shares (LTD)
A key question company owners/directors may have is – ‘What if I do nothing?’. Here at FCS Services we have produced a 1 page summary of the key consequences of not converting to give some guidance when considering this question.
If you have any further queries please call Anna or Amy on 00 353 (0) 91 704818.