Today was an interesting day, on the clock, racing up O'Connell st to the Companies Registration Office before closing time (4:30pm) typical civil servants, it had closed 10 minutes early for no reason, the joys of having to form companies up on deadlines, this post really is about the bureaucracy and thick red tape that surrounds all Irish public offices, weather it be applying for the dole or for me forming a company.
Forming a company in Ireland is vastly more complex and dissimilar compared to our neighbour the UK.
The standards are the same but with differences in the UK one doesn't need to file a Memorandum or articles of association or require a solicitor or legal representative to stamp the forms, yet the final thing is the cost, it can cost just a few pound to set up a company here in the UK.
The reason i'm talking about this is due to the fact most people cant get work in this era they are either going for the unemployment of venturing into self employment.
one of my companies has a product, Speciality a service which solely incorporates companies in a retail environment similar to shelf companies, its funny how daunting it was for me with my accountant setting up my first company and now i do it solely every day as a living as part of my companies.
I feel that the government should give Schemes which actually work to help newly self employed or soon to be greater support, they say its out there but to get a grant of an enterprise board takes more paperwork then setting the company or a standard business plan up and takes about 6 months to get it, the company could be bust by then,
Especially with the on-line sector which is the only recession proof area in Ireland, as on-line retail continues to grow and traditional retail slumps there is very little support for a newly incorporated company to get going.
What do you think is needed for a stable business to grow in terms of support and a mentor?
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Thanks for commenting,, Paul.