Company Formation Melbourne
Looking to start a new business, register a company, corporate trustee or restructuring into a company structure due to expansion? If you are unsure of what structure is suitable for your business, we can organize a consult with one of our advisors. This will help you decide the best course of action moving forward for your venture and decide if a company formation is the best structure suited to your objectives going forward.
This first step in choosing what structure you would like is the most vital decision that you will be making as this shall decide how your business will operate in the future and more importantly what level of asset protection you shall have and also what taxes your entity shall be paying. One of the major objectives of a company formation is to achieve asset protection.
Every structure has its own pros and cons and each structure will impact your business in different ways such as its tax implication, legal obligations and ongoing costs. Therefore it is vital for you to know if the chosen structure suits the business you are looking to venture into. You should also look at the longer term objectives keeping in mind future plans so you can choose the right kind of structure that will put you in the most favorable tax and legal position.
A company is a legal entity which differs from that of other business structures such as a sole trader or partnership. A company is treated as a separate legal entity and hence can incur debt and other various liabilities. The purpose of forming a company is twofold; take advantage of a lower tax rate and limit personal liability.
Companies and their directors fall under the Corporation Act 2001 and are regulated by the Australian Securities and Investment Commission (ASIC). Companies must also register for the relevant taxes; such as goods and services tax (GST). Companies are also required to lodge an annual company tax return and if applicable business activity statements (BAS’s). Directors of companies are also required to lodge an individual tax return.
As part of the company formation service we could not only assist you in choosing the right structure, we can assist in carrying out the required ASIC and ATO registrations too. We endeavor to complete all registrations within two days time at an affordable fee.
Our Fee schedule could be accessed from the link below:
We provide you with a set of documents that you need to take to the bank and open a bank account.
Moving forward, we are happy to advise you about the method of maintaining the business records and assist with ATO and ASIC lodgments as required and also assist you with ongoing queries if you may have. We are a full service accounting and tax practice and specialize in small business, so you could be assured that this is a one stop solution for all your business needs.
Do not hesitate to call us and/or setup an appointment to enquire more.
Kindly complete the below form: If you want one of us to call you in regards to a prospective company formation service: