Setting up a sports club (in relation to tax and cro registration etc.)

E

eeyore2502

Registered User
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118
Just looking for some help regarding setting up a martial arts club in relation to registering the club for tax and with the cro.

Any help would be greatly appreciated.
 
Re: Setting up a club

You mean as a limited company? There are lots of sites with info about incorporating a limited company. See www.basis.ie and www.cro.ie for a start. Are you sure that a limited company is the most suitable option here though?
 
Re: Setting up a club

To be honest we are not quite sure which route would be the correct one.

It is quite a small club start off with approximately 6k in class fees a year.

The hall that we use is looking for us to fill in a TR1 form for tax, so not sure if we need to register as a company too.

Thanks
 
Re: Setting up a club

You should probably get professional advice - e.g. from an accountant - before making any decisions.
 
Re: Setting up a club

If you are looking at members of the public coming in, taking the classes etc then you are going to have public liability issues and will need such insurance but if it were me (ironic I know) tax would be secondary here. I would be thinking more of the insurance issues and the protection of a limited liability company might be worth while considering.

 
Re: Setting up a club

We do have insurance for the members of the public. We have been given a TR1 form to fill out but just not sure if we need to register as a company too.
 
Re: Setting up a club

You should consult with the national governing body (NGB), as recognised by the Irish Sports Council - you'll find contact details on the ISC website.

The NGB should be able to fill you in on what you should do to set up a club and may well already have insurance arrangements for members/clubs and tax exemption from Revenue. They'll almost certainly have guidelines for people setting up clubs including how they should be structured etc and what legal requirements they should fulfill.

I would not advise setting up a new club in any sport without first having contacted the NGB regarding recognition. In recent years, NGBs have been taking a more proactive approach to ensuring that people do not operate unrecognised clubs in their respective sports.
 
We are already recognised by the academy for the martial art that we have the club for and all insurance and that in place.
 
It is quite a small club start off with approximately 6k in class fees a year.
Click to expand...

What does the NGB recommend? There are probably loads of other clubs in similar circumstances, what is the norm in the sport?
 
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