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GET INFORMED Out On Your Own 20 October 2011

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Page 1: Ooyo 211011   ODCE

GET INFORMED

Out On Your Own

20 October 2011

Page 2: Ooyo 211011   ODCE

GET INFORMATION• Talk to a professional• Search online• www.odce.ie• www.cro.ie• www.revenue.ie

Page 3: Ooyo 211011   ODCE

GET INFORMATION

• Don’t just copy what someone else did

• Don’t get advice from non-professionals

• Don’t “wing it”

Page 4: Ooyo 211011   ODCE

GET IT RIGHT AT THE BEGINNING

• Register where you need to register, e.g. Revenue• Check your Memorandum and Articles say what you want

them to say• Check your ARD, so you know it• Get a diary, and use it, for regulatory returns, etc.• Have meetings and keep minutes• Focus on the regulatory stuff before you start trading

Page 5: Ooyo 211011   ODCE

STAY IN CONTROL

• Outsource the work does not mean outsource the responsibility

• Keep monitoring compliance• Talk to your business partners• Talk to your professional advisors• Where possible, monitor online• Ask questions

Page 6: Ooyo 211011   ODCE

KEEP INFORMED

• Follow ODCE, website, Twitter, Facebook, LinkedIn, etc.

• Read CRO Bulletins• Keep up to speed with Revenue• Read the business press• Talk to your network

Page 7: Ooyo 211011   ODCE

GET INFORMED

THANK YOU