Probably one of the most overlooked items we see is the failure of companies to ensure its Registered Office is current.
All companies must have a registered office in the State “to which all communications and notices may be addressed”. As an example, various State Bodies such as the Companies Registration Office and the Central Register of Beneficial Ownership will address correspondence to the Registered Office.
Failure to maintain a current Registered Office is a Category Offence which can, and does, lead to some very practical problems for a company. Indeed, the enforcement proceedings currently being carried out by the Central Register of Beneficial Ownership (CRBO) is a case in point.
The CRBO is actively engaged in prosecuting companies for failure to file beneficial ownership details. The prosecution process starts with the CRBO sending a written letter to the non-compliant company at its Registered Office address. If that address is wrong the non-compliance company does not get the letter and remains oblivious of the threat of prosecution.
Take 2 minutes out of your day and check your company’s registered office is correct. If it isn’t then take another 2 minutes and contact us so we can help your company comply.
