How do I register A New Company?

Are you thinking of going into business in Australia? Would you like some helpful information on how to register for the best benefits of having a business?

You have come to the right place. If you want to register a new company there is a fair bit to do before you can get started. You have to make a few decisions, then collect a the appropriate information, and last but not least register.

No worries though, we can lead you right through all of this and once you have determined who is involved in your company and the structure it can take as little as a couple of minutes to have your company registered.

The first thing to do is relax. Now, do you have a business name in mind? If so, you have to check and make sure the name is not already taken or trademarked by someone else in the business databases (this can also be handled by a registered ASIC agent like Companies Now). 

If you do not have a name in mind, take some time to think about it. You should incorporate professionalism and the services or products you will be offering into your name. If you can also make it memorable, the easier it is to remember the better for your customers (also the last thing you want for your business is customers having to guess what it is that your company does).

Once you have a name you need to decide on the structure of your company.

Do you want to be liable for your company, if so how liable do you want to be. Do you want to work with others that will be owners or directors in your company, and if so do you know who or how you want to operate the company? These are very important questions you have to answer in order to begin the registration process. You should take most of your time preparing to register to focus on the structure of your company and how you will operate it (if you are unsure please consult with your lawyer or accountant).

You will have a few choices with the structure that will determine your protection and liability with the company, and then you will have the choice of how to operate. For the operation you can decide if you want to go by constitution, replaceable rules, or a combination of both of these.

Once you have made the decisions on these you can gather the information you need to fill out the registration form. You will need the names, addresses, dates of birth and city of birth of every person who will have a vested interest in the company. This would be the owners, the directors and secretaries.

You will also need the names and dates of birth of the share holders, as well as how many shares each person will start with. In addition to this you need to have the mailing address and the physical address of the proposed company.

After you have all of this information gathered and you wish to register the company yourself through ASIC you can grab the form 201 off the Internet and begin to register your new company. All of the instructions are included on the last 2 pages of the form as well as other documents you will need the fee to register. The address to send in your registration is available as well.