Why change a company to a sole director structure?

Cleardocs provides a Change to Sole Director Package so you can move your existing company (if it has more than one director) to a sole director structure (as now allowed by the Corporations Act). This change in structure reduces the number of directors potentially liable. Before deciding to make the change, you should get legal, financial or other advice. We cannot give you that advice.

As part of the change, your client's company will adopt a new constitution that helps to simplify administration and that reflects recent changes to the law. For some clients, changing to a sole director structure may improve their right to receive government benefits. As always, all the Cleardocs documents are signed-off by Maddocks.

What documents are included in the Cleardocs package?

In the package, Cleardocs provides:

• Minutes of Meeting of Directors
• Consent to Short Notice of General Meeting
• Notice of Meeting
• Minutes of General Meeting of Members
• Resignations as Director (and Secretary if required)
• Consent to Act as Secretary (if required)
• Share Transfer forms (if required)
• Constitution.

You then need to download, print, complete and lodge the ASIC Form 484 to record the change to directors, and any change in shares holdings. We briefly set out how to do that in the document package we send you. You can get the Form 484 from http://www.asic.gov.au/ .

Questions or further information

If you have questions:

• about how to use Cleardocs, contact the Cleardocs helpline on 1300 307 343.


• about legal issues, contact the Cleardocs helpline on 1300 307 343. If you need advice, we will arrange for you to speak with a lawyer at Maddocks. The firm provides a free legal helpline in relation to the documents Cleardocs provides. If you require other legal advice in relation to your particular circumstances, then this will be charged for.