Ireland CLG

CLG is a special type in Irish company law that allows companies to operate on a non-profit basis. This type of company is commonly used for charitable organizations, social groups, or other non-profit organizations. Their shareholders are referred to as members rather than shareholders, and their liability is limited to contributing €1 to the company when it makes a profit. This type of company does not need to appoint a statutory representative, nor do they require local residents to serve as directors or company secretaries. They also do not require capital verification, as they have no shareholders or share capital. CLG is a flexible legal entity that can provide a suitable operating structure for non-profit organizations.