There is a lot to do when you start a new company. First
you have to register through either ASIC directly or one of
their agents. Once you have your Certificate of
registration (which can happen within 30 minutes) you can
start to do other things as well.
You will receiver your ACN either via fax or email within
30 minutes of registration (sometimes this may take longer
if there is a hold up with ASIC), and once you do you can
start using it.
Apply for an ABN number: Even if you become a company you
still need and ABN (below is an extract from ASIC's
website):
ABN = Australian Business Number This is a new number for
business dealings with the ATO (Australian Tax Office) and
in future, with government agencies at all levels. An ABN
is needed to register for GST and other elements of the New
Tax System.
So it is essential that all companies apply for one. You
can apply either by completing the order form that is
provided when you purchase the complete company register or
online at their website (Google ASIC).
Get Your Domain Name:
In today's day and age it is important to have a website in
fact I would go as far to say you are "playing" if you do
not plan on having one and fast.
Websites are now very affordable and can be set up for as
little as a few hundred dollars. And for the power of what
the internet can offer it is a great marketing tool.
So you will need to start with a Domain Name (this is the
address that people will enter to go to your website ie:
www.companiesnow.com.au) It is a good idea to have the
domain name closely linked to what it is you do. Example:
Company Name: Hair Excellence Web:
www.hairexcellence.com.au.
If you cannot get that exact
match play around to get as close as possible.
If you are doing business all around the world then go for
a .com domain name but if you are mainly dealing in
Australia go for a .com.au as people will relate to you
being an Australian Business.
Set Up A Website:
This is quite simple these days and there are a lot of good
companies offering services, you can even build your own
very easily without having to know anything about coding.
If you are a client of Companies Now and would like any
information on them or other alternatives then please give
us a call and we will happily point you in the right
direction.
Open A Bank Account:
First you might want to start opening bank accounts. It
would be wise to go to a local bank and get a business
checking account as well as some kind of savings account.
With the business accounts you will be able to set up
payments to your own personal bank account and to your
employee's accounts too. This could be to direct deposit
their pay checks. You will also be able to sign up for
debit cards to your accounts. You can take the names of
people you want to have access to your account with you.
These people might need to sign something so be prepared
for that.
You will need to supply the bank with the following:
-Company Certificate Of Registration -Company ABN (some
banks may not require) -Your Identification
Need To Raise Capital?
You can also start getting funding for your company too.
You might need a lot of start up capital, or you might need
some capital to continue projects you have had in mind.
Either way once you are a viable company you will find it
easier to get this capital. You can also start getting
credit in the company's name. It might take some time to
get the credit considering you just became a company but it
is possible to start soon.
Need Staff?
With all your new company information ready to go and your
registration valid you can start to hire people to work for
your company. Make sure you have some kind of idea how many
people you need to get started. You will also decide if you
want part timers or full timers to work for you.
If you only want part timers you may not have to pay for
benefits that you would with full timers.
With that all in order you can choose an opening day. This
is the day people can use to help you advertise by
encouraging visitors to come on the first day of business.
Keep in mind that this usually means some kind of sale on
your products or services. But I highly encourage this to
get people to know who you are and what you do so that they
will come back.
Marketing:
I believe this to be the most crucial part of your business
and an aspect that you should not leave to chance. It will
determine the success of your business so make sure you
become a serious marketer of your company. I cannot over
estimate the importance of this as it will be the
difference between your new business becoming a great
success to the typical story of business start ups.
As you can see the registration of your business is only
the beginning for your new company. By keeping track of
everything you do and what you want to do you will indeed
be able to get started on the track to success.
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To discover how to register a company in Australia or for
more articles and information on company formation visit
http://www.companiesnow.com.au
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