Company Setup — Australia
Discuss the administrative steps involved in establishing a business in Australia and the support available through MYGR8.
Company Registration
Register your company with ASIC and establish your business entity in Australia.
Key considerations
- At least one director who is an Australian resident
- Registered office address in Australia
- Minimum one shareholder
- Consent of all directors and secretary
Process
- 1Choose company structure (Pty Ltd, Public, etc.)
- 2Reserve company name with ASIC
- 3Prepare constitution and governance documents
- 4Lodge registration with ASIC
- 5Obtain ACN (Australian Company Number)
- 6Set up company registers and records
Documents to discuss
- Director identification and consent forms
- Registered office address proof
- Shareholder details and share structure
- Company constitution (or replaceable rules)
- Director ID numbers
- Identification for all officeholders
Timeline
Depends on ASIC processing and your documents
*Timelines may vary based on complexity
ABN/ACN Setup
Assistance with applying for your Australian Business Number (ABN) and Australian Company Number (ACN).
Key considerations
- Carrying on or intending to carry on an enterprise in Australia
- Valid company registration or sole trader/partnership structure
- Australian address for business correspondence
Process
- 1Determine appropriate business structure
- 2Prepare application with business details
- 3Lodge ABN application with the Australian Business Register
- 4Register for GST (if turnover exceeds threshold)
- 5Set up PAYG withholding (if hiring employees)
Documents to discuss
- Proof of identity (directors/partners/sole trader)
- Business activity details
- Company registration details (if applicable)
- Tax File Number (TFN)
- Business address details
Timeline
Varies by application type
*Timelines may vary based on complexity
Business Structuring
Guidance on choosing an appropriate business structure based on your circumstances. Tax and legal advice should be obtained from qualified professionals.
Key considerations
- New businesses seeking optimal structure
- Existing businesses considering restructuring
- International businesses entering Australian market
Process
- 1Consultation to understand business goals
- 2Analysis of structure options (sole trader, partnership, company, trust)
- 3Identify considerations relevant to your situation
- 4Recommend seeking specialist tax and legal advice where needed
- 5Recommended structure and implementation plan
- 6Setup and registration of chosen structure
Documents to discuss
- Business plan or concept overview
- Financial projections
- Details of all stakeholders
- Existing business documentation (if restructuring)
- International entity details (if applicable)
Timeline
Depends on the structure and your circumstances
*Timelines may vary based on complexity
Compliance Guidance
Guidance on identifying your ongoing regulatory obligations as an Australian business.
Key considerations
- All registered Australian businesses
- Businesses with ASIC reporting obligations
- Companies with tax and BAS lodgement requirements
Process
- 1Compliance health check of current obligations
- 2Identify gaps and risk areas
- 3Set up compliance calendar and reminders
- 4Ongoing support for ASIC annual reviews
- 5Tax and BAS lodgement guidance
- 6Workplace and industry-specific compliance
Documents to discuss
- Current ASIC registration details
- Previous financial statements
- Tax returns and BAS history
- Employee records (if applicable)
- Industry licences and permits
Timeline
Ongoing, depending on your obligations
*Timelines may vary based on complexity