Deciding on a Business Structure: Is Starting a Company Right for You?
1. Choose a Business Structure
Decide on the business structure that best suits your needs (e.g., Pty Ltd company, sole trader, partnership, trust).
We've developed a page that explores the different types of business structures, the pros and cons of a corporate entity, and additional details regarding the business framework of a company here.
If a company is the best choice for you,
2. Which company is best for me?
There are several types of companies that you can set up with Cleardocs. Click on the links below for further details.
- Small Business Bundle
- Company Pty Ltd
- Not-For-Profit Pty Ltd Company
- Public Company Limited by Guarantee
Our Small Business Bundle is the best value for money as it offers much of what is needed to start your business.
You will need to provide details such as the
- Company name,
- Where will the registered office be,
- Who will be the initial directors (must have at least one director as an Australian resident)
- Who will be shareholders and other required information
We recommend you review the company Checklist before creating your new company.
3. Obtain an Australian Business Number (ABN), Tax File Number (TFN) & register for Goods and Services Tax (GST)
You can apply for an ABN, TFN, & Register for GST in Cleardocs using the same ABN form. Simply follow the questions if you wish to obtain a TFN and GST.
Note: If your business GST turnover exceeds $75,000 you must register for GST.
Small Business Bundle includes
- Includes ABN, TFN & GST Applications
- Includes Business Name Registration (1 Year)
- 5 Min Free Discussion with a Lawyer
- Document Dashboard & Storage
- Copy function for address details – save time on data entry
- Allows export of BGL CAS file
- Extensive online help and local phone support
- Lodgement with ASIC 24/7 using our electronic lodgement portal
- Easy to use question Interface
Why should I apply for a Trademark for my company?
- Legal Protection: A registered trademark provides legal protection, preventing others from using similar marks for similar goods or services. This helps you avoid potential legal issues and protects your brand from unauthorized use by competitors.
- Build a Strong Brand: A trademark helps in building and protecting your brand identity. It also enhances brand recognition and consumer trust, as customers come to associate your trademark with the quality and authenticity of your products or services.
- Market Differentiation: A distinctive trademark sets your products or services apart from competitors, making it easier for customers to identify and choose your brand over others.
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