- Overview
- Pricing
- Delivery Information
- Related Information
- FAQs
Company registration in Australia is easy with Patricia Holdings. A proprietary limited (Pty Ltd) company registration can be ordered online or by completing a manual order form and returning it to us by email.
A Proprietary Limited (Pty Ltd) company is the most common form of company and is often established when starting a business or to act as a corporate trustee of a trust. This company type is limited by shares, meaning the business owners register a company with a share capital made up of shares taken by each member (or “shareholder”) on the company set up. They can have no more than 50 non-employee shareholders and members are liable only to the extent of any unpaid amounts on their shares. This means that their personal assets are not at risk in the event of the company being wound up.
To make the process of company registration in Australia quick and easy, Patricia Holdings has become a registered ASIC agent and can typically deliver the full suite of company documents – including the ASIC certificate of registration – by email in less than 10 minutes.
We can also print and courier to you a professional folder encompassing all your company registration documents often on the same day as your order. Call us or chat with us online if you have any questions before setting up your company online with us.
What’s included?
- ASIC Certificate of Registration – showing Company Name, A.C.N. (Australian Company Number) and the date of company registration
- A complete and tailored suite of documents completing your company register, including:
- Company Constitution
- Members resolution on incorporation
- Directors resolution on incorporation
- Register of directors, secretaries & members
- Officeholder consents
- Members consents and applications
- Letter to the ATO appointing a public officer
- Allotment journal
- Share Certificates
- A helpful instruction letter
We also provide blank registers (including option & debenture holders) as well as meeting and consent templates to help you keep your register up to date.
If you order our full service courier delivered product you will receive your documents bound in a professional folder which includes indexed tabs separating the documents and 2 copies of your constitution (1 bound and 1 hole punched).
When the new company registration is completed, we can also help with ABN application, TFN, GST, and PAYG registrations.
We also offer an ASIC Agent service to help your company stay updated with ASIC compliance lodgements and managed secretarial services following your company registration in Australia.
You can purchase a copy of the Patricia Holdings’ Division 7A Loan Agreement. Please contact our friendly team on 02 9953 2399 to organise.
PDF email Delivery
Service Courier delivery
How long until I receive my documents?
Through our website, these companies can be incorporated 24 hours a day, 7 days a week. Our “automatic” system typically incorporates a company via our direct link to ASIC and delivers the company register as a PDF by email in less than 10 minutes. If you would like us to manually review your company before incorporation, we aim to deliver your register by email within an hour of receipt of your order, during business hours.
How long does it take to register a Pty Ltd Company?
Normally, ASIC will issue the ACN and Certificate of Registration within a few minutes.
We are able to deliver our full service couriered product to the Sydney metropolitan area within about 5 hours of receiving an order. Orders received before 12 midday are usually delivered the same day. Documents being sent to Brisbane and Melbourne will be sent by overnight courier or express post for next day delivery (order must be received by 2pm for delivery the next day), and within a couple of days to Perth and regional areas.
Standard proprietary limited (pty ltd) companies are by far the most common type registered in Australia. They can be used as a business, for investment, or simply to act as a corporate trustee of most kinds of trusts.
Office Holder and Shareholder Requirements for Pty Ltd Company Registration
Company’s director:
At least one (1) director is required to register a Proprietary Limited Company in Australia.
If an overseas Director is appointed to a Proprietary Company, it must also have an Australian Resident as a Director.
Directors must be at least 18 years old and must not be a disqualified person per the Corporations Act 2001.
The Directors are responsible for the safe and legal running of the company. They must ensure the company complies with any laws applicable to the company’s operations, and also comply with the general duties that the law imposes on individuals that take on the role of director. Some of the key responsibilities that a director takes on include:
- the duty to exercise your powers and duties with care and diligence;
- the duty to exercise your powers and duties in good faith in the best interests of the company and for a proper purpose;
- the duties not to improperly use your position, or information obtained through your position to gain an advantage for yourself or someone else or to cause detriment to the company, and
- the duty to prevent the company from trading while insolvent.
Company’s secretary:
For a standard Proprietary Company, none (0) is required to set up a company. Appointing a Secretary is not required for a Proprietary Limited Company. All secretaries (if appointed) must reside in Australia.
A company secretary must be at least 18 years old and must not be a disqualified person per the Corporations Act 2001.
In general, the Secretary is responsible for many of the compliance and governance-related administrative tasks of the board and organisation. As company secretaries are an ‘officer’ under the Corporations Act, many of the duties that apply to directors apply to secretaries also, as well as a number of other reporting obligations related to keeping up to date ASIC records. A proprietary company is not required to have a Secretary but are permitted to voluntarily.
Company’s shareholders:
Broadly speaking, the shareholders are the owners of a company. A shareholder invests and is liable to the company for the amount agreed to be paid in return for a number of shares. Typically, the investment affords the shareholder the right to have a say in relation to key aspects of how the company is run, such as the right to appoint or dismiss the directors of the company. A Shareholder typically also receives the financial benefits from the company.
Share Classes
A share is a unit of ownership providing the shareholder with equity in the company. Shareholders are entitled to a portion of the profits a company makes, paid out as dividends. An important step to setting up your company is the allocation of shares to shareholders. A company can issue different classes of shares with the rights and restrictions attached to shares in a class distinguishing it from other classes.
A company can use standard class titles such as ordinary, A class or B class shares etc. or choose their own title for each class of share, with the rights and restrictions attached to each to be consented to, in writing, by the members of the company..
Constitution
Generally speaking, a company constitution is a document that specifies the rules governing the relationship between, and activities of, the company and its shareholders. Patricia Holdings’ constitutions are expertly drafted and regularly reviewed by a top tier law firm to maximise good governance and effectiveness.
Patricia Holdings offer two kinds of constitution for this company type:
- A single class constitution suitable for companies with ordinary and preference class shares; or
- A multi class constitution suitable for companies with various classes of shares issued. Our standard multi class constitution covers ordinary, preference and A-F class however alterations can be made to these classes as you may require.
Consent Forms
Per Section 117 of the Corporations Act 2001 (Cth), a company is required to maintain written consents and agreements of its officeholders and members as part of its record keeping responsibilities.
You can print off Consent templates here. Please ensure these are completed prior to incorporating your company and keep them for filing in your company register. You do not need to provide these to us.
- Consent to act as Director
- Consent to act as Member – Company Member
- Consent to act as Member – Individual Member
- Consent to act as Public Officer
- Consent to act as Secretary
Questions or Further Information
If you have questions please visit our Help Centre. If you would prefer, our friendly business support team can be contacted during business hours via live chat, email or by phoning 02 9953 2399