Registering a company with the Australian Securities and Investments Commission (ASIC) is a key step in setting up a company to conduct business in Australia. Before commencing the company registration process, it is important to understand the obligations of company officeholders and also decide whether a company structure is the most suitable structure for your business.
LegalVision’s business lawyers have registered thousands of companies. We can assist you with:
registering a company and obtaining an ACN;
applying for an ABN and a tax file number;
registering a company for GST and PAYG withholding;
registering a business name;
setting up a company structure;
running checks on existing company names, trade marks and domain names; and
providing advice on whether a dual company structure (holding company and operating company) or discretionary trust structure is suitable.
Our experienced team of business lawyers can also assist with company name changes, business name registrations, applications for reservation of a name and drafting key company documents such as shareholders agreements (if you have more than one shareholder), company constitutions and employment contracts.
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5 Things You Need to Know About Company Registration
1Registering a company is a key first step in setting up your business structure if you’ve chosen to use a company structure. It’s important that you incorporate correctly, to ensure that you’re launching your business on a solid footing.
2There are essentially three ways to register a company: (i) have a lawyer register your company for you; (ii) use online company incorporation software such as ecompanies.com.au; or (iii) register it yourself.
3Company registration in Australia is done through the Australian Securities and Investments Commission (ASIC). Whether you register yourself, use a lawyer or use online company incorporation software, all company registration will ultimately go through ASIC.
4Before registering, you will need to work out how many shareholders the company will have, what their respective shareholdings will be, how many classes of shares you will be issuing, and who will be the directors of the company. At least one director must be an Australian resident.
5Finally, remember that if your company has more than one shareholder, we strongly recommend a shareholders agreement.