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A company is an independent legal entity able to do business in its own right. It has shareholders, who own the company, and directors, who run the company.
Australian companies are registered with the Australian Securities and Investments Commission (ASIC). ASIC is the independent Federal Government body responsible for the registration and regulation of Australian companies.
If a company carries on a business in a name which is different to its company name, it must register the business name with Consumer Affairs Victoria.
If your business is not a company (a sole trader, a joint venture or a partnership) you must register the business name with Consumer Affairs Victoria. The exception to this is if your business is trading under your own name.
Selecting a business structure in an important decision for any business. If a company structure best suits your business needs, it is highly recommend that you seek legal or other professional advice about your particular circumstances. Advice should be sought about issues relating to trading, legal obligations and taxation.
Companies registered under the Corporations Act 2001 are automatically registered as an Australian company. This means that it can conduct business throughout Australia without needing to register in individual State and Territory jurisdictions.
A company director or secretary of a small company must follow the requirements set out in the Corporations Act 2001.
A company structure is a legal entity allowing privileges such as corporate tax rates or limited liability.
There are three ways you can register a company:
Tel: 1300 300 630
