Due to COVID-19 restrictions our office will be closed from Thursday 6th of August and all orders will be processed remotely.
Hard copy delivery of documents will cease until restrictions are eased. You will still receive your documents electronically.
Stay safe, healthy and positive during these difficult times and we look forward to getting back to business as usual soon.
Previously, the Corporations Act required a proprietary company to comply with company rules which were specified in the Memorandum and Articles of Association and a minimum of two directors.
Amendments to the Corporations Act made in December 1995 simplified the law to permit sole director and sole member companies and reduce the financial reporting obligations of small proprietary companies.
Now, companies can operate under a constitution (replacement of Memorandum and Articles of Association) and require only one director (sole director) to hold office.
You can run and manage your company on your own.
Simplified reporting and administration.
Greater protection of assets.
Reduction of directors liable.