Business set-up services

The main legal structures for new businesses in Australia include:

• Sole Trader: A single person runs this type of business. It is the simplest kind of business to set up, however, the owner is liable for all debts and obligations of the business.
• Partnership: Two or more people run this type of business, with each partner responsible for the management and all debts and obligations of the business.
• Company Limited By Shares: This structure is suitable for larger businesses and is complex. It is a separate legal entity and its members have limited liability for the debts of the company. The registration of a company is regulated by the ASIC.
• Company limited by guarantee: This type of structure is usually used for non-profit organizations. The members do not own shares but guarantee to pay a certain amount of money if the company is wound up.
• Trusts: This type of structure allows a trustee to hold property or income on behalf of beneficiaries and is often used for tax planning or asset protection. This structure has various forms like discretionary trust, unit trust, family trust, etc.

Each of these structures has a different setup and compliance requirements. It is important to consider the benefits and drawbacks of each type of legal structure before setting up a business in Australia and to seek professional advice as needed.

Once you have established the legal structure of your business, you will then need to register it with the relevant authorities in Australia.

Depending on the kind of business you are setting up, registrations may include an Australian Business Number (ABN), Goods and Services Tax (GST) registration, PAYG registration, and Business Activity Statement (BAS), as well as any licenses or permits required by your state government.

It is important to ensure that all the necessary registrations are completed before starting operations in order to avoid any legal complications later on. Professional help from an accountant can be very useful in ensuring that all the necessary steps have been taken.

Yes, we offer a range of accounting services such as bookkeeping, payroll management, business advisory, tax filing, business registrations, virtual CFO, and many more. At the most affordable rates, we have an expert team to take care of all your accounting needs customized to your own personal business.

By offering all these services under one roof, we make it easy for entrepreneurs and business owners to get the help they need without having to engage multiple providers. Contact us now to find out how we can help your business succeed.

The structure that is best suited for your business depends on

• The type and size of your business,
• Yeah budget,
• The number of people involved in the business, and
• What you intend to do with the profits.

We provide exclusive advice as per each individual entrepreneur's needs.

Yes, it is mandatory to have a physical address in Australia that can serve as your registered office address for correspondence purposes. Your registered office address must be stated in all official documents associated with your business such as contracts, invoices, and notices of appointment.

You can either opt for virtual offices or you could rent or buy a physical space according to your business needs.

It is important to remember that the registered office address must be valid, authentic, and updated at all times. If there are any changes in your registered office address, you must inform the relevant authorities within 14 days of such a change.