Register a Company in Australia: Discuss Some Expert Tips

Whenever you register a company in Australia, you will have to go through a lot of formalities. Why go for company registration? There are several reasons, such as financial benefits, legal protection, and regulatory compliance, which make it mandatory for businesses to incorporate in the country.

Although service providers charge huge sums of money, working on personal details seems like a major hassle. But there are ways in which you can save money by eliminating services that are not essential to your business.

Decide the Business Structure

There are several steps to follow when setting up a company in Australia. The first step is to decide the business structure. This can be done in two ways:

Sole Proprietorship

In this case, there is only one owner of the company who has unlimited liability for all the debts and obligations of the company. The owner is also referred to as an individual proprietor or simply an ‘owner’.

register a company in Australia


This type of partnership involves two or more people contributing money, labor, and skills towards running a business together as equal partners with unlimited liability for all the debts and obligations of the partnership firm.

Decide the Company Name

The first thing is to register a company name, whereas your company name should be easy to remember, simple, and relevant to your industry. This is important because if people can’t remember your brand name or what it stands for, they will not go out of their way to find out more about it.

Decide the Company Address

Once you have decided on a name for your company, pick an address for it. The company address is one of the most important decisions you’ll make. It’s the first impression your clients will have of your business, so it’s crucial to get it right. An address within a state or territory would be great, e.g., Spring Street, Melbourne VIC 3000.

Register for an Australian Business Number (ABN) (& TFN)

You need to register for an Australian Business Number (ABN) when you register a company in Australia. This is a unique identifier for your business, and it’s required by law. You can use it to open bank accounts and make tax payments, so it’s pretty important.

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