5 things you
need to know
about
Company Registration in Australia
- Obtaining business structure advice is a key first step in establishing a solid business. Speak to a lawyer before registering a company to ensure the business is structured in a way that suits your future business plans.
- If you choose to use a company structure, it is important that you incorporate it correctly. There are three ways to register a company: (i) engage a lawyer to register your company; (ii) use online company incorporation software; or (iii) register it yourself directly with AISC. All applications to register a company will ultimately go through ASIC.
- Decide who will be the directors of the company. The directors are responsible for the company's overall management and strategic direction. They will have director’s duties to the company to ensure they do the right thing for the company and its shareholders. At least one director must be an Australian resident.
- Before registering, you will need to determine how many shareholders the company will have. You also need to decide what their respective shareholdings and classes of shares will be.
- Remember that if your company has more than one shareholder, we strongly recommend implementing a shareholders agreement.
