Category Archives for "Business Structures"

Legal status of a company vs a business name in Australia

By Vivian Michael | Business Structures

Photo by Henrique Félix on UnsplashWhen you’re setting up a business structure you will likely hear the phrase ‘a company has its own legal personality’, particularly when you read about different business structures in Australia. So what exactly does legal personality mean? And, what’s the status of a business name? We’ll discuss both below. Let’s begin with a company.  Company When you set up […]

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Selecting, using and changing an Australian company name

By Vivian Michael | Business Structures

Photo by Kieron Mannix on UnsplashHere are the rules you need to know about to select, use or change an Australian private company name. In a rush, jump ahead! Quick Navigation When a name won’t be availableNo name companies Acceptable abbreviationsReserving a company name Where to use your company name Names  you can’t use Changing a company name ASIC may direct a company to […]

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Why the company structure is most popular in Australia

By Vivian Michael | Business Structures

Photo by Liam Pozz on UnsplashThere are 4 business structures to choose from in Australia, these are the sole trader, company, partnership and trust structures.  Amongst these, the company is by far the most popular in Australia followed by sole trader, partnership and finally trusts. In fact, by the end of 2018, 38% of private businesses were companies in Australia.  So […]

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Business structures in Australia

By Vivian Michael | Business Structures

Photo by Laura Cros on UnsplashEver wondered which business structures are popular in Australia? and how they work? (and no, I am not talking about the physical structures you can see in the picture above!).  There are 4 main business structures in Australia, these are 1) sole trader 2) company 3) partnership and 4) trust. Below I’ll give you a […]

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4 things to know before you accept an Australian director position

By Vivian Michael | Business Structures , Startup

What does it mean to be a company director? we’ll take you through what should know about the key duties before you accept a director position. A company is operated by directors and secretaries. Both have obligations under Australian legislation.  Limited liability, the ability to allocate shares to investors and a favourable tax regime are all perks […]

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