Follow these Easy steps in Registering a Company in Australia

Follow these Easy steps in Registering a Company in Australia

Starting a business involves a lot of work. It can be exciting and, at the same time, overwhelming. Registering a company can be just like that if you are unfamiliar with the process. In this blog post, we prepared five steps that are easy to follow.

Step 1: Select a business structure

The business structures available are Sole Trader, Partnership, Trust, and Company. This will depend on what suits your business needs. Most business owners establish a company as there is a limit on personal liability, and it provides legal protection.

Step 2: Choose the right name for your company

Think of a name that will represent your business, simple, impactful, and recognisable to the public and your customers. You may visit the ASIC website to see if the name is still available. They also have a guideline on company names – words should be relevant to your business activity; should not be misleading; and should not have incorporated words such as ‘Commonwealth,’ ‘Reserved or ‘Trust,’ among others.

Step 3: Fill out the company registration form

The form is available online. You must create an ASIC account to complete this electronically. Here are some of the details you will be asked to provide:

  1. Company name and proposed office address
  2. Director details
  3. Shareholders details
  4. Main Business activity

You may also choose to register a company through a private service provider (PSP) like us. We offer this service at a cost of $945 which includes the $576 ASIC registration fee.

Step 4: Submit the registration form

Once step 3 is done, lodge the forms to ASIC. Pay the registration fee (currently $576) by credit card, EFT, or Bpay. ASIC usually takes up to two business days to process the application. They will send the company’s ACN and other documentation via email.

 Step 5: ABN and GST registration

It is easy to apply for an Australian Business Number (ABN). Go to the ABR website to the ABN application link and complete the form. The unique 11-digit number will be provided at the end of the application. You may continue applying for other government registration like GST. You must apply for GST if your business’s turnover is over $75,000 annually. There is no charge for doing these registrations.

Remember, registering your company is important. This sets your business on the right track, making it a legal entity that all relevant authorities will respect. Now that you know the steps, you can register your company easily. And with Taxopia, we can make it easier for you. Just fill out our company registration form found on our website to start the process.

Should you require any additional assistance please don’t hesitate to contact us.

Posted on 07-Jul-2023
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LIMITED-TIME OFFER – GET $100 OFF ON BASIC PACKAGE TODAY!*

You’ve chosen TAXOPIA LITE, a self-lodgment service. Please be aware that tax offices are starting to phase-out DIY paper lodgments and are encouraging the transition to digital.

Don’t be the last one to enjoy hassle-free digital lodgments. Upgrade to TAXOPIA BASIC PACKAGE today with a special limited-time $100 discount* and enjoy the benefits of having our accountants lodge for you.

As a bonus benefit for working with us, you get a lodgment deadline extension period to avoid penalties.

*The discount only applies to lodgments for one financial year. For clients requiring lodgment for multiple financial years, the discount applies only on the first year. all succeeding tax returns after that will be at regular price.

For the LITE Package: Please note that is a self lodgment service and does not include electronic lodgment by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

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TAXOPIA LITE is a self-lodgement service. Please be aware that for majority of tax payers, the due date for self-lodged returns is 31st of October.

If you’re self-lodging overdue tax returns, it may put you at risk of incurring penalties from the ATO. We recommend you upgrade to TAXOPIA BASIC PACKAGE and enjoy the benefits of having our accountants lodge for you and get a lodgement deadline extension period to avoid penalties.

For the LITE Package: Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

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Taxopia’s standard turnaround for this Lite package is three business days. If you require your taxes to be completed faster, we have a premium Fast Lane option available. With this option, pay $220+ GST to get your taxes done within one business day!

*Excludes public holidays, weekends and office closure dates.

A friendly reminder…

Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

If this option suits your needs, please click below to get started.

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You’ve chosen the Taxopia Lite Package…

Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

If this option suits your needs, please click below to get started.

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* Sole Trader Package pricing conditions, please take note the pricing excludes the following items; however, these services can be provided for an additional cost.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote.

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* Premium Package pricing conditions ($1200+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

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* Standard Package pricing conditions ($800+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Basic Package pricing conditions: ($400+ GST):

If you do not qualify for this option, you will need to consider our Standard Package ($800+ GST).

Please note that ALL our plans exclude the following:

Please contact us for a customised quote if you require help on any of the excluded items.

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Company or Trust Tax Return for Accountants & Bookkeepers

* BASIC PLAN ($425+ GST) CONDITIONS:

* STANDARD PLAN ($850+ GST) CONDITIONS:

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Premium Package pricing conditions ($1200+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Standard Package pricing conditions ($800+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Basic Package pricing conditions: ($400+ GST):

If you do not qualify for this option, you will need to consider our Standard Package ($800+ GST).

Please note that ALL our plans exclude the following:

Please contact us for a customised quote if you require help on any of the excluded items.

Get started now!

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