Register a Company
Let us register your new company with the Australian Securities and Investment Commission (ASIC) in a few easy steps.
Get your Certificate of Registration and Company Register emailed directly to you.
Company Starter Package
Package Inclusions
- Company ABN Registration
- ACN registration
- Domain Name Registration (2 years)*
- GST registration
- PAYG Reminders
- TFN for Business
Extras
- Company Register incl ASIC Certificate & Documents (PDF)
- 12-month access to Adminimiser
- Registration renewal reminders
- Secure online business document storage
- Access to our custom educational guides + resources
- Veromo Welcome Pack incl. hard copy registrations
* Includes 1-2 year registrations. After this term, we can renew them for you.
What it means to be a Company
This is probably the most recognisable business structure. A company operates as a completely separate legal entity, distinct from its owner. The shareholder/s own the company, the director/s govern the company’s activities and, as owner, you could wear both these hats. Expect extensive ongoing admin and regulation but also some good tax breaks, and limited personal responsibility for any liabilities, like company debts.
Compare Business Structures
What's The DifferenceCompare Business Structures
Pro's and Con's of being a Company
Get excited about:
- Reduced personal responsibility for business debts and other liabilities
- Easy to raise capital / investor interest
- Flexible business management style
- Flexible distribution of profits (can be reinvested in company, or paid out in dividends)
- 30% company tax flat rate + company tax credits + good tax deductions
- A company is easy to sell or pass-on
But keep in mind:
- Increasingly, lawmakers are holding company directors responsible for liabilities
- Lenders will often ask you for a personal guarantee
- High level of compliance paperwork + ongoing record keeping
- More complicated set-up / establishment processes
- High operational costs.
Why being a company is right for Lakeside Prestige Real Estate
Sharon, Joseph and Michael
Starting a Company
Lakeside Prestige Real Estate is owned by 3 equal shareholders- Sharon, Joseph and Michael. The 22 real estate offices and their 100 employees are overseen by two directors, Amelia and Geoff.
A company was established after the 3 shareholders decided to unite their independent real estate agencies. This structure ensures that the business operates entirely as it’s own entity. It was more expensive to set up compared to other business structures, however, due to the size and the number of people involved in the business it was the essential choice.
Running a Company
Running a company is complex because different laws, legislations and tax rules apply. Lakeside Prestige Real Estate had to be registered with ASIC and must submit its own annual company tax return along with being registered for GST because the company earns over $75,000 PA. Different tax rates apply and the company has both an ABN and ACN.
However, there are benefits to a company structure. The liability of the business is limited to the company itself, meaning the personal assets of the shareholders and directors are not in jeopardy if things turn sour.
In the early years of business Lakeside Prestige Real Estate experienced company losses, these losses were later used to offset the amount of tax owing, meaning the company was able to invest in opening another office.
Growing a Company
A company can grow by calling for investors or it can be sold or acquired.