Registering of your company is utmost, especially with the new companies. It will make the business lawful and would defend the complete system from possible frauds. Starting a business can be tough if certain legal guidelines and provisions would not be seen for your company. Companies in Australia can advantage through registering. The resources of the company would be protected and professional recommendation and advice would be given by registrars on how you can go about with your daily transactions.
The Australian Securities and Investments Commission will help you to be knowledgeable about the rules and regulation that your company will have to follow. The application process, suggestions shall also be explained for your ease. Create a name that is one of a kind. It must be irreplaceable to avoid misleading possible clients. Other people can also manipulate and make use of your company name if this law has not been created. It is required to save your company from experiencing fraud and deceit.
The ASIC will check if the name has not yet been used and will give you a nine digit Australian Company Number (ACN)- the 9 digit code can be seen on your public credentials and would be transparent on the checks that your company will be issuing.
The Australian office that you should go into should be officially affiliated with the government, You should give your error free physical address so that they can dispatch all the necessary documents to you.. You must immediately notify ASIC before transferring into some other location; a two weeks' notice must be set before transferring. If you are still planning to transfer to that location you must also inform the office, provide them a clear location on where they can send pertinent documents for the mean time.
Online registration option is also available, its saves time and is also easy to use. It is directly connected to ASIC. You must fill out the procedure online and the company will justify how much the registration fee for the transaction is. Online registration is less expensive and the information are clear.
after filling up the entire necessary documents required, do make sure that you keep a record of shareholders and charges for registration. Make a soft and hard copy. The files should be kept in a place suggested by ASIC. Get your Tax File number at the Australian Tax Office, this number would be utilized while computing for possible tax proceeds.