Partnerships:

Partnerships offer a more flexible and less expensive business structure. Partners receive both profits and losses directly and as result they do not face double taxation incurred through a corporation. The two most common types of partnerships in Ireland are General Partnership and Limited Partnership. General partners are legally responsible for meeting every amount of outstanding debts and other obligatory requirements pertaining to their business. Limited partnerships are obliged to comprise not less than a single general partner and another single partner whose liability is limited.

Requirements

1. Name of Partnership
2. Business Address
3. Nature of Partnership
4. Term of Partnerships (if any), or if indefinite, conditions on existence of partnership
5. Date of Commencement
6. General Partners’ Names & Addresses (if company, name of person signing on behalf)
7. Limited Partners’ Names & Addresses (if company, name of person signing on behalf)
8. Amount contributed by each limited partner