Article

STEPS IN ESTABLISHING AN AUSTRALIAN COMPANY

Is a company right for you?

  • Choosing a company name
  • How will your company operate?
  • Do you need a company constitution, or will you use the Replaceable Rules?
  • There are strict duties on directors. Understand your obligations as a company officeholder.
  • Get consent from officeholders, members and occupiers
  • Register your company
  • Do you need a shareholders’ agreement about duties and obligations between each other?
  • Register your company’s website domain name.
  • Register your company logo and other intellectual property of the company
  • After your company is registered apply for Tax file, register for GST (ABN), open bank accounts.
  • Register with Taxation Office “OneTouch” system.
  • Attend to business licensing
  • How will you keep accounts and records? Do you have the inhouse skills to meet you reporting obligations such as employee tax withholding, superannuation obligations?

Register a trading name

  • Choose your ‘Business name’
  • Provide your proposed business name and Australian Business Number (ABN)
  • Decide the appropriate registration period
  • Enter the business name holder’s details.
  • Enter the proposed business name’s addresses
  • Confirm the eligibility to hold the business name.
  • Make payment and confirm your transaction
  • Once you’ve made payment, you’ll see a confirmation screen. Once payment has been made, your business name should be registered within 48 hours.

https://asic.gov.au/for-business/registering-a-company/steps-to-register-a-company/

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