Should I Register My Company Online?

PRESENTER: DOMINIC WOOLRYCH

SHOULD I REGISTER MY COMPANY ONLINE?

DOMINIC WOOLRYCH

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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.

2. BENEFITS OF REGISTERING A COMPANY

Risk / Launching new product into the market

New products also means more liability to consider.

2. BENEFITS OF REGISTERING A COMPANY

Investors / Increasing capital

An incorporated company is much more attractive than sole proprietorship.

2. BENEFITS OF REGISTERING A COMPANY

Hiring employees/contractors/consultants

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

2. BENEFITS OF REGISTERING A COMPANY

Tax

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

2. BENEFITS OF REGISTERING A COMPANY

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

Documents you need to operate your Company

DOCUMENTS

5. ONLINE REGISTRATION

Shareholders Agreement

Assign IP

Incorporation Documents

TFN / ABN / GST

Bank Account

STEPS AFTER REGISTRATION