If you want to register company Australia, the authorised entity will be separate from the owners. For example, if a firm is incapable of paying its debt, your assets cannot be sold to evacuate the bills because you are a shareholder. The indebtedness for the shareholders is limited. It means that the shareholder will create all the rules and regulations. It is distinctive from a sole proprietorship, where the owner gets all the responsibility.
However, an organisation is either owned by a single person or by many shareholders. Also, you can own a property in your organisation name instead of using your name. Meticulously, it is convenient for a registered company to attract capital expenditures compared to a partnership because of the limited accountabilities.
Moreover, the share act permits a shareholder to sell or purchase more shares. Although, the share capital allows the firm to include new shareholders. Undoubtedly, the establishment of a big company is challenging and also very costly. If you are thinking of quitting the firm, you can leave the shares and the organisation assets to the other shareholders. However, sometimes it happens that you have little or no permission to contribute to the company’s affairs, especially if you are a minority shareholder.
Indubitably, selling shares to other shareholders is complicated compared to a company that a single person owns. However, decision making is not simple, and it is only passed when voted by the majority. And the cost to register a company in Australia is comparatively high compared to a partnership. Although, there is an ongoing cost of business name registration after every 2 or 3 years, and it usually is higher than the original registration fee, including other outgoing costs like accounting fees.
For qualifying for registration, you should have a unique and recognisable logo. It should also be related to your product. Thus it is advisable to make an exclusive symbol that can be different from others. However, experts are available to help you in choosing by suggesting suitable concepts.
After that, you need to set up a company name and its logo to register company Australia. Although, you have to conduct a complete search of trademark databases in your region. After finalising the logo, the application must be submitted to the local trademark office for approval. Succinctly if you need to avoid complexities and dismal, it is advised that you should take help from a professional.