In considering business entities in Ireland, a distinction needs to be made between unincorporated and incorporated bodies.
A significant feature of an incorporated body is that it has a legal status separate from its owners and is capable of suing and being sued in its own name
Incorporated bodies include private limited companies, public limited companies and unlimited companies. An unincorporated body may be a sole proprietorship or a partnership.
Companies operating in Ireland are currently governed by the Companies Acts 2014. The legislation has consolidated all previous Companies Acts into one coherent act and makes it easier for companies to do business in Ireland, by reflecting a working reality for modern Irish companies.