How to Start a Company

Powerful Essays
Topics: Corporation, Law
13-3-31

Australian Securities and Investments Commission - Starting a company or business

For companies > Starting a company or business

Starting a company

This information sheet sets out the steps involved in starting a company. It covers: deciding if a company structure is right for you choosing a company name deciding how to operate your company understanding your legal obligations as an officeholder getting the consent of those involved in your company registering your company, and understanding your legal obligations regarding your company name, Australian Company Number (ACN) and Australian Business Number (ABN).

How to start a company

Step 1: Decide if a company or a business structure is right for you Step 2: Choose a company name Step 3: Decide how to operate your company Step 4: Understand your legal obligations as an officeholder Step 5: Get consent from officeholders, members and occupiers Step 6: Register your company Step 7: Understand your legal obligations regarding your company name, ACN and ABN Step 8: Order a commemorative record of registration (optional) Where can I get more information?

Step 1: Decide if a company or a business structure is right for you You need to decide if a company or a business structure best suits your needs. We recommend that you seek legal or other professional advice about your circumstances. At this stage you should also make sure you understand what your legal obligations will be if you become a company officeholder: see 'Step 4: Understand your legal obligations as an officeholder' below. When we register an Australian company, the company can conduct business throughout Australia without needing to register in individual states and territories. Please note that registering a business name is not the same as registering a company. Registration or use of a business name does not: create a legal entity (only registering a company creates a legal entity), or

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