Limited Company
A company is a separate legal entity and, therefore, is separate and distinct from those who run it. It has to be registered with the CRO.
Sole Trader
A Sole Trader is a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses.
Partnership
A Partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money and skill.
Incorporated Society
Once registered the Society constitutes a distinct legal entity which provides protection to members from debts, contracts etc.
Unincorporated Entity
Is set up through an agreement between a group of people who come together for a reason other than to make profit, e.g. a voluntary group or a sports club.