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If you do not register your business and decide to move forward with a sole proprietorship or sole trader, you are essentially on the hook for everything. This means that if someone decides to sue you or you cause damage to property or bodily harm, you are 100% responsible for paying to settle those issues.
Businessmen who want to establish a company in Ireland must receive a set of business permits and licenses, which are issued in accordance with the type of activity set out by the company. Business permits and licenses are provided by the local authorities.
Registration of a company is mandatory under the Companies Act, 2013 because all the provisions of the act are applicable to the companies which are registered under this act.
RBN1 Application for registration of a business name by an individual. RBN1A Application for registration of a business name by a partnership.
You are allowed to operate a sole proprietorship without registering, but you are required to register with your local government to collect and file state taxes. There is nothing wrong with running an unregistered business as long as your business is legal and meets all licensing and tax requirements.
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Your main legal duty is to register as a self-employed person with Revenue (see the section on 'Tax and PRSI' below). If you want to use a business name, you must register your business name with the Companies Registration Office (CRO).
Filling in the RBN1 Individual Form The intended business name. The nature of your business. The principal place of business. The date you adopt the name. Any other names you conduct business with. Your name and contact details. Any directorships. An email address to receive the certificate.

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