When starting a new business in Australia, you can choose to have any one of the below structures:

• Sole trader
• Partnership firm
• Company
• Trust

Registering a company is a lengthy process. You can get it done via two ways:

• Reach out to any private experts like Crown biz. We have access to ASIC’s system. We can apply on your behalf and keep a track of your application.
• Submit the form directly with ASIC. As you are starting the business, doing this yourself can cost a lot of time and efforts. Also, if any documents are missing, the process can take much longer.

When registering the company, there are many aspects to be looked upon, like:

• Decide if it will be limited or unlimited liability.
• Will the company operations be based on replaceable rules or constitution?
• Select appropriate company name.
• Choose the state where you want the company to be registered.
• Are majority shares of the new company owned by another parent company?
• Decide who has the main titles like Director, secretary etc.

Some of these need acumen and deep understanding of company and tax laws. This comes only with experience. Thus having a right partner in the process of company formation can make a lot of difference to the game.