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If you’re looking to start your own company, you’ve come to the right place. At Taxopia, we have an online form to help you easily and quickly establish an Australian registered company under the Corporations Act 2001.
A company setup will cost $384 (inc GST) for our services plus $597 ASIC Fee and will include:
* Please note that if you’re paying via credit card, a surcharge of 2% will be applied to the total amount.
Note: The above pricing ($981 total) is for standard Company Incorporations. Prices are subject to increase as ASIC fees increase. We reserve the right to review your submitted information and send you a quotation if the standard price does not apply. If this is the case, your card will not be charged until you accept the new quotation.
The form takes approximately 10 to 15 minutes to complete, and you can save your progress to resume later.
To start, click on the “Start Now” button below.
A company is a separate legal entity created for the purposes of business activity. There are two types of enterprise that are possible, and these are a proprietary company and a public company. A proprietary company has shareholders up to a maximum of 50 and is limited by its shares, it must have at least one director appointed. A public company must have at least 3 directors appointed and has no limit to how many shareholders own it. It can be listed or unlisted on the Australian Stock Exchange (ASX).
For both proprietary and public company shareholders, liability is limited to the nominal amount of their shares, so no individual’s assets are personally liable. The tax rate for a company is between 26% to 30%. This is lower than 45% (plus 2% Medicare levy) which is the highest tax rate for an individual in Australia, therefore, a company structure may be a more viable option for individuals who reach this bracket.
A company structure is more complex than other types of business structures and there is more involved in winding it down. A company has a unique Tax File Number as well as its registered Australian Business Number.
Incorporating your company could give you some benefits such as:
However, there are additional legal obligations that company officers must comply with under the Corporations Act. If they don’t comply with the law and act in the best interest of the company, ASIC may take formal action against the company and/or its officers.
Incorporating your company or business, as mentioned above, is beneficial, but it’s not for everybody. It’s best to know first whether an incorporation of your company or a different business structure best suits your needs moving forward. Once you’ve already given it a thought and decided to register your business, registering with the Australian Securities & Investments Commissions involves a few necessary steps such as coming up with a company name, having your constitution and by-laws ready, and establishing your share structure to name a few. You can do it all yourself or with the help of a private service provider such as Taxopia, so you can leave the processing to them. With the help from Taxopia’s Business Incorporation experts, you’ll be creating your company in no time without breaking the bank.
If you’re looking to start your own company, you’ve come to the right place. At Taxopia, we have an online form to help you easily and quickly establish an Australian registered company under the Corporations Act 2001.
Company Incorporation will cost $945 + GST.
Companies and other types of businesses are different creatures, and it’s important to ensure which one may suit your needs, depending on the responsibilities and controls you’re happy to have and what you intend to do with your goods / services.
Companies are legal entities and so impose a great deal more legal requirements, fees (e.g. for regulatory registrations), record-keeping of official meetings, tax returns and compliance with the Corporations Act 2001, are subject to annual review by ASIC are responsible for their own debts and must maintain a separate business bank account. A key difference in creation and ending of either is that a Company needs formal registration and deregistration, as opposed to a sole trader’s business name which merely requires cancelling an ABN within 28 days of trading. Your accountant will be able to assist you with all of these requirements. They do this day-in, day-out.
You are responsible for notifying ASIC when any details of your Company change, e.g., address, Directors or Shareholders’ names. You can do this online or by completing the appropriate form found on the ASIC website.
An annual review of your Company needs to be conducted and the current annual review fee is $310 registration fee needs to be paid to ASIC
In Australia, a Company must be registered with the Australian Securities and Investment Commission (ASIC). Your accountant or third party providers can assist you with registering a Company.
ASIC is the main regulatory body for Company registration in Australia, who will ultimately be responsible for registering and regulating your Company. Their website sets out the requirements for registering and maintaining a Company and offers lots of background information.
Benefits and legal requirements of registering a company.
Registering a company in Australia is critical for various reasons:
In summary, registering a company is a fundamental step for businesses in Australia, offering legal safeguards and growth opportunities.
Explanation of the process involved in setting up a functional business entity.
Setting up a company in Australia involves several steps and legal requirements. Here is an overview of the process:
The specific steps and requirements may vary depending on the type of company, its industry, and other factors, so seeking expert guidance is vital for a smooth and legally compliant setup process.
List of essential documents and their importance in the registration process.
Several documents and forms are required to complete a company registration in Australia.
Overview of steps, including legal structure, office location, and registration.
The essential components of setting up a company in Australia include:
Information on corporate tax rates and obligations.
There are several tax implications for setting up a company in Australia:
Guidance on managing an Australian-based company from abroad.
Yes, you can operate a business from overseas while the company is set up in Australia. This is called an “offshore company” or “non-resident company”.
Here are some legal requirements to operate an offshore company:
List of industry-specific licenses and permits that may be required.
The specific licenses and permits required for your company depend on various factors, including the industry, the products or services offered, and the location of your business operations within Australia. It’s essential to research and identify the specific permits and licenses required for your business and ensure compliance with all legal and regulatory requirements. Some common permits and licenses include:
Intellectual Property Protection
Overview of ongoing obligations, such as filing annual reports and paying taxes.
After registering a company in Australia, these are the legal and regulatory compliance requirements that must be met:
Information on eligibility and requirements for non-resident company owners.
Yes, foreigners and non-residents can register a company in Australia. However, there are specific criteria and requirements to adhere to:
Business. Business refers to any organisation or entity, which can be a sole proprietorship, partnership, corporation, or any other legal entity that intends to make a profit engaged in commercial, industrial, or professional activities. Some activities include manufacturing, trading, and providing service.
Company. A company is a business organisation, recognised as a separate legal entity and registered entity by law. It is created to conduct a business to make a profit. It can differ in various aspects, such as size, structure, ownership, and industry focus. It can also engage in various legal structures like corporations, limited liability companies (LLCs), partnerships, etc.
Therefore, companies are businesses, but not all businesses are companies. Business is a general term that refers to any activities that intend to make a profit, whereas a company is one of the entities that can legally conduct business.
Deciding the right name for your company is essential. Take time to find the one that is legally available and matches your brand.
Though a company constitution is not mandatory, it is common for most Australian companies to adopt one. A company constitution offers clearness and adaptability in governance structures or arrangements. Having one or not at all depends on the company’s preference, circumstances, and stakeholders.
One of the essential matters to decide on when starting a company is to think of a name. A name that is unique and will fit your business. Here are some tips we can share.
Again, selecting the right name for the company is crucial as it will represent your business. If you need our help finalising the company with the best name, fill out our registration form.
It is easy to do a company search through the Australian Securities and Investments Commission (ASIC) Connect website. Here is the guide:
You will find the right company and the information you need with the steps above.
When registering a company, the Australian Securities and Investments Commission (ASIC) requires a registered address and keep it up to date at all times.
You can uphold compliance with legal standards and preserve a favorable reputation in the business community. Should you have any uncertainties regarding the registration procedures or your responsibilities concerning company addresses, please email us at info@taxopia.com.au. We can also provide you an option to use our address as your registered address.
Registering a company phone number is getting a service and linking it to your business’s details. Here’s a simple guide.
It is easy to set up a company number. Remember to choose a dependable provider that suits your company’s needs. Consider the call quality, pricing, and scalability. It is best to know, too, if the provider offers good customer service.
The guide above will have your company website up and running. Having a website for your business makes it more professional. Don’t forget to renew your subscription (domain name and hosting) to keep your website available.
ACN is short for Australian Company Number. This is the number the Australian Securities and Investments Commission (ASIC) gives to every registered Australian company. A unique number is given to identify and distinguish a company from other entities.
Additional information
Again, ACN is essential, and it’s a key for many legal and business activities. If you need assistance setting up a company, you may fill out this form. Once a company is set up, we will send you a copy of the ASIC letter with the ACN number.
GST Registration
1. Check Eligibility. To qualify, annual turnover is $75,000 or more.
2. Access ATO Service. Set up myGovID by downloading the app to your smart devices, then link it to the business Relationship Authorisation Manager (RAM).
A company director must be knowledgeable about its legal obligations and responsibilities. Here are some main requirements:
Understanding and fulfilling the above duties is vital for directors to uphold their companies’ success and trust. Failing to do so may lead to legal consequences or disqualification from director roles.
Running a business without registering it with the Australian Securities and Investments Commission (ASIC) can have significant consequences. Here are some implications that unregistered companies may face.
It is best to start the company right. Have it registered so your hard work will not go to waste and avoid the consequences. We can make it easy for you. Here is our link for registration.
Several unique identifiers are used for different purposes: ABN, ACN, DIN, and TFN. Here’s what each one does:
Issuer | Purpose | Usage | Eligibility | |
Australian Business Number (ABN) | Australian Business Register (ABR) | Business identification and taxation | · Government Transactions
· GST registrations
|
Operating entity or planning to operate a business |
Australian Company Number (ACN) | Australian Securities and Investments Commissions (ASIC) | Company Identification | · Lodging documents with ASIC
· Other government and non-government transactions |
Registered Company |
Director Identification number (DIN) | Australian Business Registry Services (ABRS) | Director identification to prevent fraudulent identities | · Filling documents with ASIC | Intending or existing director |
Tax File Number (TFN) | Australian Taxation Office (ATO) | Tax-related matters | · Filling tax returns
· Tax affairs |
Any entities in Australia eligible for tax or government benefits |
All identifiers above serve different purposes; they are essential for running a business or company in Australia. If you need help in registering, send us an email at info@taxopia.com.au.
Several unique identifiers are used for different purposes: ABN, ACN, DIN, and TFN. Here’s what each one does:
Issuer | Purpose | Usage | Eligibility | |
Australian Business Number (ABN) | Australian Business Register (ABR) | Business identification and taxation | · Government Transactions
· GST registrations
|
Operating entity or planning to operate a business |
Australian Company Number (ACN) | Australian Securities and Investments Commissions (ASIC) | Company Identification | · Lodging documents with ASIC
· Other government and non-government transactions |
Registered Company |
Director Identification number (DIN) | Australian Business Registry Services (ABRS) | Director identification to prevent fraudulent identities | · Filling documents with ASIC | Intending or existing director |
Tax File Number (TFN) | Australian Taxation Office (ATO) | Tax-related matters | · Filling tax returns
· Tax affairs |
Any entities in Australia eligible for tax or government benefits |
All identifiers above serve different purposes; they are essential for running a business or company in Australia. If you need help in registering, send us an email at info@taxopia.com.au.