Understand the Jurisdictions Setup Requirement Before Proceed Your Australia Company Formation
So you have been thinking about starting a business in Australia and even gone ahead to research so that you identify the most viable sectors to join. Now you are at crossroads on which type of business entity you need to register so that you can start your operations. Well, you have nothing to worry about because you have landed on the right page. At 3E Accounting, we specialize in offering customized Australia company formation services to enable you to register the right kind of investment vehicle for doing business in Australia.
Types of Business Entities in Australia
Depending on the nature of your business, you can apply these major types of business entities in Australia:
In this entity, there is a single owner, though they are permitted to employ staff. In most cases, it is the entity for freelances, artisans, tradesmen and other professionals who prefer to work for themselves. It is the simplest form of business to start in Australia and starting it is also quite inexpensive.
Partnership in Australia features between two and twenty members. Incorporating a company with this structure doesn’t require any particular legal processing, though it is always recommended that there be a written document between the partners before the commencement of operations. The document should contain, among other things, the division of profits and losses and termination of the partnership.
Public and Private Companies
There are two types of companies that investors may consider in Australia. These are a public company in the stock market and a private company which is not usually on the stock market. Irrespective of the type of the company, they are separate legal entities from the shareholders. Also, they must have a director or board of directors for their day to day operations.
Cooperatives are nearly similar to companies, only that those who form them have the aim of working towards a common goal. They can share profits among the members, or it could improve the operations of the cooperative.
How We Can Help You
If you are a foreigner looking forward to investing in Australia, then you are better off using Australia company formation services of a reputable provider like 3E Accounting. We will make the formation process easy for you in a number of ways, including the following:
- Choice of legal entity – if you are not sure about the legal entity you need to register, our team will help you analyze your options. We do this by considering the nature of the business you want to do in the country. We will then advise you on the most appropriate business type to register.
- Legal assistance – Regardless of your preferred company structure, it’s imperative to have a good understanding of the legal complications of such entities. At 3E Accounting, we have a competent and experienced team of attorneys who will help you navigate the murky legal waters of company formation. You will get help with all the documents and articles needed. In addition, we will also help you file them correctly with the relevant authorities.
- Accounting and tax services – you will also get the services of our reliable accountants and tax experts. This helps you open the corporate business accounts and ensure complete compliance with all the tax regulations.
Contact us today for the best Australia company formation and business registration services. Let us help you get your company on the right footing.