Choosing a Company Name
- Select a unique name that isn't already registered to another company or business
- Ensure the name shows the legal status of the company, e.g., "My Business Pty Ltd"
- Use ASIC's name availability search to check availability
Registering Your Company
- Register through the Business Registration Service or a private service provider (PSP)
- Decide whether your company will be proprietary or public
- Understand your legal obligations as a company director
Director Identification Number (DIN)
- Apply for a DIN if you're a director of a company, registered foreign company, or Aboriginal and Torres Strait Islander corporation
- Get consent from officeholders, members, and occupiers
Company Structure and Governance
- Decide how your company will operate and be governed
- Choose between replaceable rules or a constitution
- Determine share structure and ensure compliance with the Corporations Act
Registration Process
- Register online through the Business Registration Service (takes around 15 minutes)
- Receive confirmation in 2 business days if all documents are provided and fees are paid
- Get an Australian Company Number (ACN) and apply for an ABN
Post-Registration
- Display the company name and ACN/ABN on documents and premises
- Keep company details up-to-date and maintain records
- Pay annual company fees and pass a solvency resolution ¹ ²
Types of Companies:
- Proprietary Company: Limited by shares or unlimited company with share capital
- Public Company: Listed on the stock exchange or unlisted
- Not-for-Profit or Charitable Organisations: Registered under specific laws and regulations
- Indigenous Corporations: Registered with the Office of the Registrar of Indigenous Corporations (ORIC)
Cost and Timeframe:
- Registration cost varies depending on company type
- Registration timeframe: around 15 minutes online, 2 business days for confirmation ¹
Registering a Company in AustraliaTo register a company in Australia, you'll need to provide certain documents and pay the required fees. Here's what you need to know:Documents Needed- Company Name: You'll need to choose a unique name for your company that's not already registered. You can check availability using ASIC's name availability search.
- Director Identification Number (DIN): All directors will need a DIN, which can be applied for online.
- Company Structure and Governance: Decide whether your company will be proprietary or public, and choose between replaceable rules or a constitution.
Registration Costs- Registration Fees: The cost of registering a company in Australia varies depending on the type of company:
- Public Company with Share Capital: $597
- Public Company Limited by Guarantee: $491
- Proprietary Company: $597
- Annual Review Fees: You'll need to pay annual review fees to keep your company registered. The fee amount depends on the type of company and scheme.
Additional Costs- Late Fees: If you lodge documents late or don't pay fees on time, you may incur additional fees:
- Lodgement or Payment up to One Month Late: $96
- Lodgement or Payment over One Month Late: $401
- Other Fees: ASIC charges fees for various services, including reserving a company name ($61) and applying for relief from financial reporting requirements ($3,487) ¹ ².
Registration Process- Online Registration: You can register your company online through the Business Registration Service or a private service provider (PSP).
- Processing Time: Registration typically takes around 15 minutes online, and you'll receive confirmation within 2 business days if all documents are provided and fees are paid ³.
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