Register A Company in Australia
To register a Pty Ltd company could not be easier. The whole company registration process takes about 20 mins and is done fully online.
How to register a company
Company registration in Australia is a very easy and straight forward process. Provided that you consulted your lawyer or accountant and need to register a company limited – it can all be done on-line.
These are the two government websites providing business registration requirements in Australia – www. asic.gov.au and Business in Australia – www. business.gov.au.
Company Limited Business Structure
Before going ahead with a company registration, you need to decide what business structure best suits your need. Sole trader, partnership or a company. To register a company limited by shares (private Pty Ltd company) all you need is your name and address, the rest is done online. A private company limited by shares can provide an extra layer of security and flexibility, as business grows. A company limited by shares is a separate entity fom the owner. The onwner owns whares and works for the company the same way he or she would work for anybody else.
Company Registration Services
There are dozens of online company registration services, most of them provide similar services:
- Direct link to ASIC – 20 minutes turn around time for registration ducuments
- Companies can be registered 24/7
- Online company application service verified the data as you enter it
- You receive share registers, certificates, constitution and opening minutes.
Once more, before going ahead with a company registration, consult your accountant or lawyer.
You may also like to visit other related articles about how to secure a business start up loan, BAS agent registration and start a small business in Australia.
Service Availability: Most of the services reviewed by "Aus Business Review" are provided by Australian based companies and organisations and available in different Australian states and territories. These include New South Wales (Sydney, Newcastle), Queensland (Brisbane, Gold Coast), South Australia (Adelaide), Victoria (Melbourne, Ballarat), Western Australia (Perth, Albany, Mandurah, Bunbury, Port Hedland, Kalgoorlie), Northern Territory (Darwin, Alice Springs), Australian Capital Territory (Canberra) and Tasmania (Hobart).
Looking For More Information?
Make sure to explore other AusBusiness Review articles in the Start Up category or contact us to suggest a website or a service to review.
|
|
The review "Register A Company in Australia" was last updated on 10/6/09.
We did two company registrations on-line. One with “register a company” and another with “trust deed”. Both registrations went very smoothly, ASIC was updated right away and we received a company certificates by email. I think, doing it online is the most convenient way to go.
I agree. We also registered a company online. No problem at all and it’s much cheaper than paying a lawyer or your accountant.
While online registration is good, you don’t get the personal approach and detail clarification, such as what type of shares to register (and how many) and even, whether the company formation is the best option for the business! Don’t underestimate the value of your accountant!
Yes, Aus Business Review was registered online too, as you can see the details at ASIC – http://www2.search.asic.gov.au/cgi-bin/gns030c?acn=137_301_305
It makes sense (if you’re know what you’re doing that is,) to register a company online.
There is a review of www. registeracompany.com.au posted here: http://www.ausbusiness.net/review/registeracompany-com-au-australian-company-formation/
It’s amazing how soon the application is processed and how quickly you get all the documents for the company – Certificate of Registration, Opening Minutes Share Certificates, Company Constitution etc. The trick is then to maintain the company information up to date and make sure ASIC is updated of any changes.
It is very important to select the type of business you want to incorporate as. And even more important you need to open up at least one bank account for your company. If you company has a finance arm and a separate consulting unit it would be wise to create and maintain 2 separate banking accounts and NEVER COMMINGLE ASSETS!. If you mix find from each account you risk putting all your companies liquid assets in jeopardy. Good information, I just wanted to add an important note that I learned the hard way.
I agree with the comment above. Once the company is registered, running the business is not a simple job. The main lesson that I’ve learnt from my experience – you can’t afford to buy cheap things. It pays to set everything up right from the very start. It makes life so much easier…
If you register a company online, does the law require you to sign registration forms in person? Is it really enough jut to fill in the form online?
Alison -
when you register a pty ltd company online, you’ll get a set of documents already customised for you. And yes, once you get them, you’ll need to sign and date them. So it seems that it’s all worked out and done in accordance with the Australian corporations act.