If you run your own business or are looking at starting one
you might be surprised to learn of all the great options
you would have if you were registered as a company in
Australia. You see as a company you get far more benefits
than a business does, as well as more freedom on how you
run your business.
When you registered as a business, you got the right to run
business practices under the name you chose for your
business. Basically just being able to use that name is all
you got out of registering.
If you consider registering as a company you will realize
there is a lot more you can do. As a company you only have
to register the business name you choose once in Australia.
With a business you have to register the name with each
state you choose to do business in. That makes for some
time consuming paper work, especially as you grow and add
more and more clientèle to your business.
Another benefit to registering as a company instead of a
business is you will seem a lot more serious about your
business this way. It can be pretty expensive to register a
company and keep up with the fees for running it as a
company. When you do it this way though you will show you
are more vested and serious about your business than just
paying the nominal business name registration fee.
Investors are more likely to want to work with you if you
are a company rather than a business too. The reason is
they don't want to be any more liable than they have to be
and when they see how serious you are about your business
they will be more likely to lend you the money you need for
your current projects.
One other benefit that you might really enjoy about having
a company compared to having a registered business name is
the liability you will have. As a company you are able to
have less liability and the company is responsible for
itself. You are vested personally in wanting this company
to succeed of course, but as a company your assets are
safe. If you ever have to go bankrupt all of your personal
assets should be fine, but the company assets will be sold
to cover debts.
You see having a company compared to having a business name
means a lot of differences in how you do business, and
possibly how well your business will do. If you truly want
what is best for your business, step up to the plate and
show how dedicated and serious you are about running your
business by registering as a company today. You business's
future may depend on it.
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For questions on Registering new companies visit
http://www.companiesnow.com.au
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