Introduction to the Conversion of your existing private limited company - A&L Goodbody

Introduction to the Conversion of your existing private limited company


The Companies Act 2014 entered into force on 1 June 2015. It requires the conversion of all existing private limited companies to a company limited by shares (“CLS” or “LTD”), a designated activity company (“DAC”), or another company type.

You will need to evaluate which is the best company type for you. Certain companies are obliged to convert to a DAC. Other types of company such as public limited companies, unlimited companies and guarantee companies will not need to convert, although there are changes in the Act affecting such companies in other ways. For example, existing unlimited companies and guarantee companies have to change their names to include the words (as the case may be) “unlimited company” or “company limited by guarantee” (or an abbreviation), by the end of the 18 month transition period.

Further information on the Act can be found in our introductory client guide to the conversion of your existing private limited company.

When the time comes to take action we can assist you in the decision-making process and in converting your company. In the meantime you might like to take time to familiarise yourself with the new requirements.