Should I Register My Company Online?

Should I Register My Company Online?

PRESENTER: DOMINIC WOOLRYCH

SHOULD I REGISTER MY COMPANY ONLINE?

DOMINIC WOOLRYCH

Australia’s Leading Online Legal Service ProviderLAWYERS

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LawPath talks to 20 - 50 New Businesses and Startups each day

1. The telling signs that it's time to register a company

2. The benefits of company registration

3. The process of online company registration

AGENDA

1. Signs that it’s time to register a company

TYPES OF STRUCTURE1. Sole trader2. Partnership3. Company4. Trusts

BEFORE WE START

Are you?

Generating revenue

Taking on risk (debt/employees)

Entering into contracts

Generating IP

1. TIME TO REGISTER A COMPANY

2. Benefits of Registering a Company

Limiting Owner’s LiabilityThe biggest benefit of incorporation is that you can limit your liability.

2. BENEFITS OF REGISTERING A COMPANY

Multiple Owners / Disputes

If you don't want disputes to end your business then precautions are needed.


Risk / Launching new product into the market

New products also means more liability to consider.


Investors / Increasing capital

An incorporated company is much more attractive than sole proprietorship.


Hiring employees/contractors/consultants

If a business needs to engage in third party or employment contracts, it is advised to incorporate the business.


Tax

Incorporation can help your business decrease some ongoing costs, such as tax.


3. How to register a company online

HOW TO INCORPORATE1. Online – providers use ASIC software2. Directors / Secretary3. Shareholders4. Share allotments5. ABN / TFN / GST

LIVE EXAMPLE

5. ONLINE REGISTRATION

https://lawpath.com.au/

Documents you need to operate your Company

DOCUMENTS

5. ONLINE REGISTRATION

https://lawpath.com.au/blog/what-to-do-after-registering-your-company

Shareholders Agreement

Assign IP

Incorporation Documents

TFN / ABN / GST

Bank Account

STEPS AFTER REGISTRATION