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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 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 […]

   

Essential Steps In Choosing A Business Name Before Registering A New Company

Posted on February 21, 2017

Essential Steps In Choosing A Business Name Before Registering A New Company For many Australians, starting and registering a new company can be a complex process and an overwhelming experience. You will need to comply with a multitude of legalities that can have you in a tail spin. From choosing a unique business name to […]

   

3 Things to Do When Starting A New Company

Posted on August 24, 2016

Okay, so it’s decided, we’re going to start a new company. Had the talks, thrown around some plans, gotten excited and yes we’re really going to do this. Great. So now what? Well, you to a few key things before you get moving to put the wheels of your new venture on the ground. 1./ […]

   

Once I Have Registered My Company Then What?

Posted on August 17, 2016

Firstly congrats on starting your new business, here’s to it’s success. Okay so you now have a company name, what do you need to do to get up and running fast? Assuming you already have a plan in place of core activities to get your business going, here’s a quick list of aspects you will […]

   

Should A Startup Use A Do It Yourself Web Design?

Posted on August 10, 2016

Okay so you’ve decided to go it alone and start a business, huge congrats. Is a big step and one that I am sure you have put a lot of thought and energy into it. Let’s for this article sake imagine that everything else is done: Business name, check Structure set up, check Logo, check […]