Company Registration Overview

Are you looking to register a company in Australia? Our expert team has registered over 5,000 companies for individuals and businesses. Our company registration documents includes company certificate, consents to act as director, register of members and a compliant constitution.

What is a company?

A company in Australia is a legal entity that is registered under the Corporations Act 2001 and operates as a separate legal entity from its owners or shareholders. It is a common form of business structure that allows individuals or entities to conduct business activities with limited liability whilst being afforded certain legal protections. 

One of the main advantages of setting up a company in Australia is limited liability, which means that the company’s shareholders are generally not personally liable for the company’s debts or liabilities. This provides a level of protection to shareholders and allows them to separate their personal assets from the company’s liabilities.

To establish a company in Australia, the company must be registered with the Australian Securities and Investments Commission (ASIC), and it must comply with various legal and regulatory requirements, including maintaining accurate and up-to-date company records, submitting annual financial statements, and complying with taxation obligations. Failure to comply with these requirements can result in penalties or legal repercussions. Speak to our team regarding the best company structure for your needs.

What are the benefits of registering a company in Australia?

Registering a company in Australia comes with several benefits for business owners. Here are some key advantages:

1. Limited Liability: One of the main benefits of registering is limited liability. As a separate legal entity, the company’s shareholders are generally not personally liable for the company’s debts or liabilities. This provides a level of protection to shareholders, as their personal assets are separate from the company’s liabilities. 
2. Professional Image: Registering a company adds credibility and professionalism to your business. It conveys a sense of stability and permanence to customers, suppliers, and investors, which can help build trust and attract more business opportunities. 
3. Access to Capital: A registered can raise capital by issuing shares to investors. This can provide a significant source of funding for business growth, expansion, or investment in new projects. 
4. Tax Advantages: Companies are subject to a separate corporate tax rate, which may be lower than personal tax rates for high-income earners. This can result in potential tax savings for the company and its shareholders. 
5. Perpetual Existence: Unlike sole proprietorships or partnerships, which may be dissolved upon the death or withdrawal of the owner/s, has perpetual existence. This means that the company can continue to operate even if there are changes in ownership or management. This provides stability and continuity to the business, allowing for long-term planning and succession.
6. Legal Protection: Registering can provides legal protection to the shareholders and directors by separating their personal assets from the company’s liabilities. This can help shield personal assets from business-related legal claims or disputes, reducing the risk of financial loss for individual owners or directors.

Contact us today to schedule a consultation and take the first step towards registering a company in Australia.

FAQs

The content of this article is intended as a general guide to the subject matter and not to be relied upon as legal advice. For specific legal advice about your individual circumstances, please contact our experienced lawyers.