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An Essential To-Do List When Registering A Company

Posted on April 15, 2019

So you have a great business idea that you think will revolutionise the industry and change the world and have decided to put a plan in motion to turn your hobby into a profitable business. There is an undeniable exhilarating rush of excitement and fear when embarking on a new business venture. On the positive […]


Your obligations as a company officeholder

Posted on February 11, 2019

Your obligations as a company officeholder   As a company officeholder you must act with assuredness & commitment in the best interests of the company, preventing the company from trading whilst insolvent & steering clear of conflicts of interest between the company’s & your own.   One of your main duties is to understand what […]


How to choose & register a company name

Posted on January 15, 2019

How to choose & register a company name     You need to do your homework before you decide to register a company.There is quite a difference between various business structures compared to a company, namely financial, legal & record keeping obligations.  It is most important to consult with legal or financial (or both) professionals […]


Information Regarding Shares and Your Company Shares

Posted on September 5, 2018

Information Regarding Shares and Your Company Shares After registration of a new company, ASIC usually requires the company to keep a record of all the shares that have been issued i.e. the Register or the Share Register. The Share Register should contain the number of shares and shareholders which the company has. Note that the […]


Should Your Business have the Same Domain and Business Name?

Posted on August 27, 2018

Should Your Business have the Same Domain and Business Name? The growth of the internet has changed a lot of things, like how people are communicating, entertainment, and many others. The transformation of the world into a small world has favored the business sector. Businesses can serve people from every part of the world. However, […]


Facts about closing a company

Posted on August 17, 2018

Facts about closing a company Winding up a solvent company A company may go through a process of being closed up or “winding up” if it does not meet requirements set by the ASIC for voluntary de-registration (a company that has assets valued at more than $1,000 cannot be de-registered). Winding up is a term […]


Changing a company name

Posted on May 22, 2018

Changing a company name After you have registered your company, you can change your company name but the new name must be available and acceptable for registration. Any name is available unless the name is: identical to a name that is reserved for, or registered to, another body identical to a name on the national […]


Running A Company – Annual Statements

Posted on May 10, 2018

Running A Company – Annual Statements Each year, ASIC send your company an annual statement shortly after the annual review date (which in most cases is the date you registered the company).Your annual statement will contain a statement of your company’s current details, an invoice for you company annual review fee, and your company’s corporate […]


Reserving a Company Name

Posted on April 12, 2018

Reserving a Company Name If you’re not quite ready to register your new company but want to make sure a name is available, you can apply to reserve it.  Allan’s can do this reservation on your behalf & all we require is for you to advise us by email of the name that you want & to pay a […]


Corporate key

Posted on March 20, 2018

Corporate key A corporate key is a unique 8-digit number linked to a specific company. A corporate key is like the PIN for a bank account and is used to keep your company information secure. Your company has only one corporate key. You will receive your corporate key when your company is registered. A secure […]


Can anyone be an officeholder?

Posted on February 5, 2018

Can anyone be an officeholder? To be an officeholder of an Australian company, you must be at least 18 years old. The law does not allow you to be an officeholder or manage a company (without court consent) if you are currently bankrupt. you are still subject to a personal insolvency agreement or composition under […]


What is The Role of A Settlor?

Posted on January 12, 2018

What is The Role of A Settlor?   A Settlor is a person who has been given the mandate of settling property in discretionary trust acts for the interest of the beneficiaries. Typically, the person has the role of making a gift on the decided sum; for instance, the nominal amounts which have been paid […]


The Vital Information Required In Establishing A Discretionary Trust

Posted on January 1, 2018

The Vital Information Required In Establishing A Discretionary Trust   What information is required to establish a discretionary trust A discretionary trust is also known as the family trust is a trust fund where the beneficiaries do not have a fixed interest or a fixed entitlement to the fund. It offers the trustee the power […]


How to Register a Company

Posted on December 28, 2017

How to Register a Company   When registering a company with ASIC, there are guidelines to be followed. The process takes a short time if you have all the required details and can be done purely online. It’s also not a must that you have a name for the company you wish to register; ASIC […]


Family Trust Vs Unit Trust

Posted on December 4, 2017

Family Trust Vs Unit Trust   Family or Discretionary Trust Some people confuse Discretionary Trust with Unit Trust. Discretionary Trust is ideally a legal arrangement whereby a person or trustee (usually an individual or company) is entrusted with assets on trust to help benefit one or more beneficiaries upon the demise of the settlor who […]


Need A Company Secretary

Posted on November 6, 2017

Need A Company Secretary Company Secretary – do I need one? When a proprietary company is to be registered it must have at least one director who resides in Australia.  ASIC does not require this type of company to appoint a secretary. For a public company limited by guarantee (charitable organisations, medical research, foundations) ASIC […]


Responsibilities of Company Directors

Posted on October 20, 2017

Responsibilities of Company Directors Company Directors Under the Corporations Act 2001 & general law, as a director you must fully comply with the legal obligations this position entails & be aware of the many & varied responsibilities.  You should reconsider becoming a director if you do not have a willingness or time to put into […]


Register A Business Name

Posted on October 6, 2017

Register A Company/Business Name What is a business name A business or trading name permits your customers to make a distinction between yourself & your business rivals by way of an emotional attachment to your business brand.  A business name, once/if registered, will be linked to your Australian Business Number (ABN) When you must register […]


Basic Business Blueprint

Posted on August 9, 2017

Basic Business Blueprint Introduction- What Is A Company? According to Australian law, a company is any business that is legally and financially distinct from its owners and shareholders. Unlike other businesses, a company is viewed as an individual entity that is recognizable and can survive in the absence of individual stakeholders whether it is the […]


Company Registration Requirements in Australia

Posted on June 2, 2017

Company Registration Requirements in Australia Company registration is a legal process that offers the capacity and power to an owner to act on its own. The companies are categorised by profit, non-profit or external companies. The state-owned company, private, public and personal liability companies are lying under profit companies. To register the name of the […]