Golf, Guiness, and DAC

A designated activity company (DAC) is a type of legal entity that can be incorporated in Ireland under the Companies Act 2014. A DAC is a company that has at least one designated activity, which is an activity that is specified in the company’s memorandum of association (also known as the articles of association). A DAC is required to have at least two directors, and it must have a company secretary.

One of the main features of a DAC is that it has limited liability, which means that the personal assets of the shareholders are generally not at risk in the event that the DAC incurs debts or liabilities. This provides a degree of protection for the shareholders, as they are only liable for the unpaid portion of their share capital.

A DAC is a popular choice for companies that are looking to incorporate in Ireland because it offers a high degree of flexibility in terms of the types of activities that can be carried out by the company. DACs can be used for a wide range of business activities, including trading, holding investments, providing services, and carrying out research and development.