Privacy Policy
Lotus Solutions Ltd. is committed to protecting the privacy of our clients and website visitors. This Privacy Policy outlines how we collect, use, disclose, and protect your personal information in accordance with the General Data Protection Regulation (GDPR) and other applicable privacy laws in Ireland.
As a premier resource for Ireland entrepreneurs and DGA’s, offering expert guidance on selling or acquiring a business, company valuation, tax-efficient dividend strategies, holding structures, Box 2 taxation, business succession, MBO financing, and extracting money from your BV optimally, we understand the importance of confidentiality and data security.
1. Information We Collect
We collect various types of information to provide and improve our services to you:
- Personal Data: This includes information you voluntarily provide to us when you contact us, enquire about our services, engage in our advisory processes, or subscribe to our newsletters. This may include your name, email address, phone number, company name, address, financial details relevant to our services (e.g., for company valuation or acquisition/sale processes), and any other information you choose to provide.
- Usage Data: We automatically collect information about how our site is accessed and used. This Usage Data may include your computer's Internet Protocol (IP) address, browser type, browser version, the pages of our site that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers, and other diagnostic data.
- Cookies and Tracking Technologies: We use cookies and similar tracking technologies to track the activity on our site and hold certain information. Cookies are files with a small amount of data which may include an anonymous unique identifier. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our site.
2. How We Use Your Information
Lotus Solutions Ltd. uses the collected data for various purposes:
- To provide and maintain our services, including expert guidance on business advisory.
- To notify you about changes to our services.
- To allow you to participate in interactive features of our site when you choose to do so.
- To provide client support and respond to your enquiries.
- To gather analysis or valuable information so that we can improve our services.
- To monitor the usage of our site.
- To detect, prevent, and address technical issues.
- To fulfil our contractual obligations arising from any services you have requested from us.
3. Legal Basis for Processing Personal Data Under GDPR
We process your Personal Data only when we have a legal basis to do so. The legal bases we rely on include:
- Consent: You have given your explicit consent for us to process your Personal Data for a specific purpose.
- Contract: The processing is necessary for the performance of a contract to which you are a party or in order to take steps at your request prior to entering into a contract (e.g., providing business advisory services).
- Legal Obligation: The processing is necessary for compliance with a legal obligation to which we are subject (e.g., tax or regulatory requirements).
- Legitimate Interests: The processing is necessary for the purposes of the legitimate interests pursued by Lotus Solutions Ltd. or by a third party, except where such interests are overridden by the interests or fundamental rights and freedoms of the data subject.
4. Disclosure of Your Information
We may share your information in the following situations:
- Service Providers: We may employ third-party companies and individuals to facilitate our services (e.g., IT support, accounting services). These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.
- Legal Requirements: We may disclose your Personal Data in the good faith belief that such action is necessary to comply with a legal obligation, protect and defend the rights or property of Lotus Solutions Ltd., prevent or investigate possible wrongdoing in connection with our services, protect the personal safety of users of our services or the public, or protect against legal liability.
- Business Transfers: In the event of a merger, acquisition, or asset sale, your Personal Data may be transferred. We will provide notice before your Personal Data is transferred and becomes subject to a different Privacy Policy.
5. Security of Data
The security of your data is paramount to us. We implement appropriate technical and organisational measures to protect your Personal Data from unauthorised access, disclosure, alteration, and destruction. While we strive to use commercially acceptable means to protect your Personal Data, no method of transmission over the Internet or method of electronic storage is 100% secure, and we cannot guarantee its absolute security.
6. Data Retention
Lotus Solutions Ltd. will retain your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy, usually for the duration of our client relationship and for a reasonable period thereafter to comply with our legal obligations (e.g., tax, accounting, or regulatory requirements). Usage Data is generally retained for a shorter period, unless this data is used to strengthen the security or to improve the functionality of our services, or we are legally obligated to retain this data for longer periods.
7. Your Data Protection Rights Under GDPR
If you are a resident of the European Economic Area (EEA), you have certain data protection rights. Lotus Solutions Ltd. aims to take reasonable steps to allow you to correct, amend, delete, or limit the use of your Personal Data.
- The right to access: You have the right to request copies of your Personal Data.
- The right to rectification: You have the right to request that we correct any information you believe is inaccurate or complete information you believe is incomplete.
- The right to erasure ("right to be forgotten"): You have the right to request that we erase your Personal Data, under certain conditions.
- The right to restrict processing: You have the right to request that we restrict the processing of your Personal Data, under certain conditions.
- The right to object to processing: You have the right to object to our processing of your Personal Data, under certain conditions.
- The right to data portability: You have the right to request that we transfer the data that we have collected to another organisation, or directly to you, under certain conditions.
- The right to withdraw consent: You have the right to withdraw your consent at any time where Lotus Solutions Ltd. relied on your consent to process your personal information.
If you wish to exercise any of these rights, please contact us. You also have the right to complain to a data protection authority about our collection and use of your Personal Data. For more information, please contact your local data protection authority in the EEA.
8. Links to Other Sites
Our site may contain links to other sites that are not operated by us. If you click on a third-party link, you will be directed to that third party's site. We strongly advise you to review the Privacy Policy of every site you visit. We have no control over and assume no responsibility for the content, privacy policies, or practices of any third-party sites or services.
9. Children's Privacy
Our services are not intended for anyone under the age of 18 ("Children"). We do not knowingly collect personally identifiable information from anyone under the age of 18. If you are a parent or guardian and you are aware that your Children have provided us with Personal Data, please contact us. If we become aware that we have collected Personal Data from children without verification of parental consent, we take steps to remove that information from our servers.
10. Changes to This Privacy Policy
We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page. We will let you know via email and/or a prominent notice on our site, prior to the change becoming effective and update the "last updated" date at the top of this Privacy Policy. You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
11. Contact Us
If you have any questions about this Privacy Policy, please contact us:
- By mail: Zion Road, Dublin, Ireland
- By phone: +353895011890
