It is very well known nowadays that the internet is the largest source of consumers world wide. The World Wide Web creates potential business for every company, so it is important to have a website in order for people to find your company easily. For a small cost you can get yourself a basic website with all the information that customers need to have; this opens many doors up to allow for a larger market of consumers. By also having a website, it is easier to promote yourself and let news of your specials or great customer service travel quickly. Any serious company should consider getting a website because the potential for increasing a client data base is exponential. Why would you want to throw away all those customers? This article describes in greater detail the benefits and costs of having your own website, and how it will heighten your company potential. Read more here
There are many questions that must be asked when creating a new company, and it is not hard to understand why; there are many intriciate processes in starting up a new business or company. One of the biggest questions on company owners minds is whether or not you need to have an ACN as well as an ABN. An ABN is very different to an ACN and has different implications; for example, an ABN is required for a business not a company and is separate to ASIC. In fact, most people aren’t actually aware that an ABN is provided by the Australian Business Register not by the Australian Securities and Investment Commission (ASIC) like an ACN is. This article seeks to outline the differences between an ACN and an ABN, and the circumstances in which an ABN would be required. It also discusses the significance of displaying either your ACN or ABN for legal reasons, and how they may affect you and your company. Read more here
If like so many other people you are interested in shareholding, or about the legalities of shareholders, what the different types of companies and possible shares are and whether or not a company can act as a shareholder of a Pty Ltd then this is the article for you. There are many benefits of shareholding, so you should know as much as possible about it - including the different types of shares and how they may benefit you in the long run, or whether or not a company can act as a shareholder. This article describes in detail the legal issues involved with shareholders, such as who can be a shareholder; for example a shareholder has to be over 18 and considered as a “legal person”. This article will answer many questions that you may have and there are many more available to read on a broad range of topics. READ MORE HERE
If like so many others you are thinking about starting a new company for the first time, you should be aware of the costs that are involved with registration. Registering a company is a lot cheaper than it used to be - only a few years ago you would be paying hundreds more.
You can make your registration easier by using a company registration service to do your registration for you. This may sound like it would make your registration more expensive however, by using a company registration service to do your application for you, you can rest assured that you will be abiding by all laws and will not be held responsible for any mistakes made throughout your application. Whereas if you do your application yourself and make a mistake, you could be facing fines hundreds of dollars or more so it’s a smart idea to get someone else to do it for you.
To find out more about company registration costs, read this article
If like so many others you are thinking about registering a company, there are a few things you should know about. Firstly, that there are many benefits in registering a company which could apply to you. Secondly, that there are ongoing costs involved which you are required to pay by ASIC.
Your company is deemed to exist on the day you are issued a certificate of registration from the Australian
Securities and Investments Commission (ASIC). After your company is registered, you will still have to maintain appropriate records, submit documents and pay fees every year to the ASIC to keep it registered.
In order to keep on top of the requirements, your company will need to assign an officer to handle its regular obligations to ASIC in order to avoid penalties and sanctions by the government. The following are documents and fees that your company must prepare, submit and pay to ASIC yearly:
If you are registering a new domain name for your business or company you will want to make sure you read this article.
A lot of people come to us asking should the domain be the same as their company name?
Which certainly is a good question but before we answer that lets just have a quick look at something.
A domain name is the address on the Internet where your business website can be found. It is a unique name that is used to establish your company’s presence online as well as for your clients and potential clients to find you on the Internet.
Now even if you will not be “selling online” etc. In today’s business world most people will expect you to have a website. But you will no doubt be aware of that so lets press on.
Here are some crucial points to consider when you register your domain name: Read More Here
It is relatively easy for anyone to set up a new company in Australia. Registration can be completed online and in as early as one day. Other business requirements such as business name registration and goods and services tax registration may also be completed online.
Existing corporation laws make it possible to register a company quickly. Unlike most countries, Australian law does not require a new company to have a constitution or a set of articles for its incorporation. Corporate seals for Australian companies are also optional now.
In other countries, regulatory agencies usually require incorporators of new companies to come up with a minimum amount to support an application for registration. This amount is divided into shares and must be verified by means of a bank certificate stating that the minimum paid-up capital is in deposit.
In Australia however, this is not the case you will need to: Read More Here shares needed to register a company,
While your company is a legal person by virtue of a certificate of registration, it will still need a live human being to perform specific acts on its behalf, like signing and submitting documents. For purposes of your company’s registration and operations, you will need to appoint a public officer to represent your company in dealings with government agencies like in Australia the Australian Tax Office (ATO) and the Australian Securities and Investments Commission (ASIC).
The Public officer has a very important role and although you do not need to list the individual on the company registration form it is vital that you inform the ATO of this individual within 3 months of registering a new company.
Click Here To discover more about the Public Officer & Company Registration
Are you planning to operate a small business on your own? There are two business structures that may be appropriate for a small outfit like yours: a single proprietorship (sole trader) or a registered company.
While you may consider setting up a single proprietorship, the Corporations Act of 2001 does allow you to set up a company with just one person to own and run everything.
If this is the way you want to go, then all you have to do is indicate your choice in the ASIC registration application as “a proprietary company with limited liability”. You will be both the sole shareholder and the sole director of your company. Thus, your type of company is legally referred to as a sole shareholder/director proprietary company.
You may wonder why anyone would choose to register as a sole proprietary company rather than as a single proprietorship. Well, there are some real advantages to being registered as a sole shareholder/director company. Some of the reasons people choose a company over a proprietorship are: Read More Here
The choice of a company’s name is crucial for every business or organisation. It may be a word or a series of words that is ideally used to set an entity apart from the other registered entities. In different countries there are different agencies that govern the naming of companies and keep a national register of company names. It is the responsibility of these agencies to approve the choice of a company name as part of the registration process. If approved by the agency, the chosen name will be a company’s identity for as long as the company exists.
Pick three names, will tell you why in a second.
Typically, anyone who wishes to register a company will have to decide on a number of things that will constitute the details of a registration application.
Foremost is the choice of a name. The government agencies have a huge number of company name reservations and registrations on file, and you will be denied the use of a name if a name is already operational.
So therefore you have to: Read the rest of the article here
