Company (Pty Ltd)
A company is a commonly used business structure in Australia and may be suitable for businesses seeking a separate legal structure to operate their business activities. The suitability of a company structure will depend on your individual circumstances, business objectives and commercial requirements.
If you are planning to establish a company for your business, you will generally be required to register the company and obtain an Australian Company Number (ACN). Directors may also be required to obtain a Director Identification Number (Director ID) in accordance with Australian requirements.
A company structure may involve considerations such as:
- Business ownership and management arrangements
- Taxation and reporting obligations
- Legal and compliance requirements
- Asset ownership and risk management considerations
- Ongoing administration and operating costs
- Future growth and business planning considerations
Information Commonly Required for Company Registration
To register a company, information commonly required may include:
- Proposed company name
- Director and shareholder details
- Registered office and principal place of business address
- Share structure details
- Business activity information
Tax & Compliance Considerations
Depending on circumstances, a company may be required to:
- Lodge annual company tax returns
- Maintain appropriate business and financial records
- Meet ASIC compliance obligations
- Lodge Business Activity Statements (BAS), where required
- Meet PAYG withholding and payroll obligations, where applicable
Company taxation and reporting obligations will depend on business circumstances and legislative requirements applicable at the relevant time.
Ongoing Company Obligations
Companies may have ongoing reporting and compliance obligations, including annual ASIC review requirements, company tax return lodgements and other ATO reporting obligations depending on business circumstances.
We can assist in understanding and managing these ongoing requirements.
Who May Consider a Company Structure?
A company structure may be considered by:
- Small business owners seeking a separate business structure
- Growing businesses with multiple stakeholders or directors
- Businesses planning for future growth or expansion
- Family-operated businesses or commercial ventures
Corporate Trustee Company Registration
Where appropriate, a company may also be established to act as a corporate trustee for a trust structure. The suitability of a corporate trustee arrangement depends on individual circumstances and business objectives.
We can assist in understanding whether a corporate trustee structure may be appropriate for your circumstances.
Our Company Registration Services Include
We can assist with:
- Company registration and ASIC setup
- Director ID guidance and registration assistance
- ABN, TFN, GST and PAYG registrations (where required)
- Business name registration
- Assistance in understanding company taxation and compliance obligations
- Business structure considerations based on your circumstances
Starting a New Business or Restructuring?
If you are starting a new business or considering moving to a company structure, we can assist you in understanding the practical, taxation and compliance considerations relevant to your circumstances.
If you would like to discuss your circumstances or arrange a consultation, please contact us on 0405 735 555 or email us at rs@nexoaccounting.com.au and we will be happy to assist you.