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Let's walk through an example of How to set up a Pty Ltd company in Australia.

For this example, let's assume you're starting a consulting business called "ABC Consulting Pty Ltd."

  1. Choose a Business Name:
  1. Register the Business Name:
  1. Obtain an Australian Business Number (ABN):
  1. Register for Goods and Services Tax (GST):
  1. Choose a Company Structure:
  1. Appoint Directors and a Company Secretary:
  1. Share Structure:
  1. Complete Form 201:
  1. Pay the Required Fees:
  1. Receive Certificate of Registration:
    • Once ASIC approves your application, you will receive a Certificate of Registration. This document officially confirms the registration of "ABC Consulting Pty Ltd."
  2. Meet Ongoing Compliance Requirements:
    • Fulfill ongoing compliance requirements, such as filing annual financial statements and reports with ASIC. Stay updated on regulatory changes to ensure continued compliance.

Throughout this process, it's advisable to consult with professionals like accountants or business advisors to ensure that you've met all legal requirements and to receive guidance tailored to your specific business needs. How to set up a Pty Ltd company in Australia. At Australia Wide Tax Solutions we can do all of the above except apply for your Director Id, and have this set of your Company, for you to sign within 48 hours, speak to us today.