Perth Legal Docs only sets up simple Proprietary Limited companies, that is companies with the conventional suffix of “Pty Ltd”.
Propriety Limited companies are the only type of company suited to an electronic set up process.
Perth Legal Docs does not set up other types of companies, such as Public Companies.
If you wish to set up a Public Company or some other type of company in Australia, please contact us for recommendations on how to do so.
Anyone 18 or over can set up a Propriety Limited company in Australia.
There are no Australian residency requirements for setting up a company in Australia other than the requirement that at least one director has an Australian address.
All directors must have a Director ID. The rules for a Director ID are explained here: Australian Business Registry Director ID rules.
We specialise in the formation of companies, trusts, SMSFs and ASIC support and do not apply for Director ID numbers.
A Director’s ID is a unique 15 digit identification number used to validate the identify of each person acting as a director of an Australian company.
No. Perth Legal Docs does not apply for your Director’s ID.
Only you can apply for your Director’s ID. No one else can do it for you.
The rules for a Director ID are explained here: Australian Business Registry Director ID rules.
We specialise in the formation of companies, trusts, SMSFs and ASIC support.
The simplest way to get a Director ID is on-line at the Australian Business Registry Services website.
You can use this link: ABRS Director Identity Number.
Perth Legal Docs does not apply for Director ID numbers for you. We specialise in the formation of companies, trusts, SMSFs and ASIC support.
Only one person is needed to form a company in Australia. This person can be the sole director and the sole shareholder of the company.
One person companies in Australia are very common and this is easily setup online.
No. Your new company does not come with a TFN. You have to apply to the Australian Taxation Office for a TFN.
Perth Legal Docs can do this for you for a small fee after your register your company online. Contact us for assistance.
No. Your new company does not come with an ABN. You have to apply to the Australian Taxation Office for an ABN.
Perth Legal Docs can do this for you for a small fee after your setup your company online. Contact us for assistance.
The ACN is a nine digit unique number issued by ASIC on the formation of a new company in Australia. It is used by ASIC and others to identify the company.
The ABN is issued by the Australian Taxation Office and is not limited to companies: it is used to identify all types of taxpayers engaged in business or similar activity including individuals, partnerships, trusts and SMSFs as well as Australian companies.
The company set up is usually almost immediate when setting up a company with Perth Legal Docs.
However, some set ups take longer. For example, if you set up a company in Australia with a name not using common words, such as “Finnes Majic Pty Ltd” the set up will take longer because ASIC will manually review the application to make sure all is in order. As long as in is not offensive, ASIC will usually approve your 'unusual' company name after a few hours.
Yes, you can check with ASIC to make sure your preferred company name is available prior to setting up your company in Australia.
You can do this using ASIC’s “Connect on-line service”. This can be accessed here: Search company name.
No, you cannot use any name you want when setting up a company in Australia.
ASIC has detailed rules prohibiting what are generally called “Undesirable Business Names” when setting up a company in Australia. These are names which are offensive or suggest a false connection or characteristic.
For example, you cannot set up a company in Australia called “Royalty Comes to You Pty Ltd”. This is because this name suggests a false connection with Royal Patronage.
You can read the rules on undesirable company names here: ASIC's rules on undesirable names.
When you setup a company, SMSF or trust wit Perth Legal Docs, your documents are delivered on-line in PDF format straight away.
You pay on-line at the time you setup your company, SMSF, family trust, unit trust or other service. Perth Legal Docs issues company and trust documents instantly.
The simplest way to open a bank account after setting up a company in Australia is to visit your nearest branch and follow the prescribed process.
You will usually need:
- a certificate of company incorporation
- identity documents for company directors and shareholders
- an Australian Business Number (which we can apply for on your behalf)
- the company’s constitution
- the Director’s Identification Number.
All of these docs except the Director's ID is something Perth Legal Docs supplies when setting up a company in Australia.
The ASIC Corporate Key is a unique eight digit code that allows you to access your company records on-line as well as up-date your information and lodge forms with ASIC.
ASIC will create and post your ASIC Corporate Key to the company’s registered office within a few days of company registration
If for any reason your ASIC Corporate Key does not arrive or you lose it you can apply for a Corporate Key on line at ASIC this link: ASIC Corporate Key.
Yes, you can. But company name changes are expensive: they cost almost as much as a new company. So we recommend you take care with your company name initial selection.
Make sure you get it right the first time!
Yes, you can change your company details after you setup a company.
Changes of directors and shareholders are common and are usually completed by the accountant. Perth Legal Docs can prepare the relevant documents with ASIC for you at a small fee if you prefer.
More significant changes, such as inserting a new power into a company’s constitution to satisfy a bank’s lending rules, can also be handled by Perth Legal Docs' consultant lawyers.
Yes, as you are the holder of the business name, you can entirely use that name to register for a company. However ASIC regulates the position of business name holders in the new company to meet the ASIC requirements for registrations, for example where the business name holder is an individual, the name is only available to the preferred company name if that individual is a preferred company director or member.
You can find out further instructions from ASIC here when setting up a company: ASIC Choosing a company name.
Yes, you can setup a Family Trust online in Australia using Perth Legal Docs any time for a small fee.
Yes, you can setup a Unit Trust online in Australia any time using Perth Legal Docs.
No, technically trusts cannot own shares in a company because they're not a legal entity.
The trustee of the trust, however, can hold shares in the company on behalf of the trust (i.e. 'on trust').
A trustee can be an individual person(s) or a company - i.e. a 'corporate trustee'.
A trustee is a legal entity that is nominated to hold assets on behalf of a trust, and also administer the trust.
Trustees can be either individual trustees or corporate trustees.
When you setup a trust in Australia, you need to nominate a trustee.
A corporate trustee is a company setup to administer and hold assets on behalf of the trust.
A corporate trustee is much like individual trustees and is controlled by its directors.
