Professor Tom Cooney:

The other suggestion I would make, and this is a personal opinion, is that there should be one central point where businesses of whatever nature, be it a limited company, a person who is self-employed, a co-operative, a friendly society or a charitable, not for profit organisation can get registered. Whatever their status there should be one central location where they can register and state they are starting their business from a particular date. They will then have legal status and a position. In that way they can seek to open an account in a bank. Their lives become much easier when they have a status. I add that as a point of information.