Overview Of An Australian Company
What Is A Company?
A company is an independent legal entity able to do business in its own right. It has shareholders, who own the company, and directors, who run the company.
Where Are Companies Registered?
Australian companies are registered with the Australian Securities and Investments Commission (ASIC). ASIC is the independent Federal Government body responsible for the registration and regulation of Australian companies.
Does A Company Structure Suit Your Business?
Selecting a business structure in an important decision for any business. If a company
structure best suits your business needs, it is highly recommend that you seek legal or
other professional advice about your particular circumstances. Advice should be sought
about issues relating to trading, legal obligations and taxation. Try our FREE Business Structure Wizard
Trading In Australia
Companies registered under the Corporations Act 2001 are automatically registered as an Australian company. This means that it can conduct business throughout Australia without needing to register in individual State and Territory jurisdictions.
Legal Obligations
A company director or secretary of a small company must follow the requirements set out in the Corporations Act 2001.
Taxation Privileges
A company structure is a legal entity allowing privileges such as corporate tax rates or limited liability.
