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:
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{ 2 comments… read them below or add one }
Good Afternoon,
I am a sole trader and i need to become a Pty Ltd, can you give me some information on how i can do that, its rather urgent.
Thank you
Wayne Jones
Wayne Jones Crane Truck Hire
0413197691
Hi Wayne,
This is quite a simple thing to do.
We will give you a call to discuss.
Rich