Australian Securities And Investments Commission (Asic) - Tasmanian State Office
Investing in Perth

Information and guides to help to start and manage your business or company. Starting a company Earlier you register a company. You are required to confront certain legal obligations earlier you can begin a business. Innovation hub A resource for fin tech businesses that are developing innovative financial products. There is no requirement to register the business structure. If the trust does business under a name other than its own, the name must be registered as a business name with BASIC. Insignificant businesses enter into standard form contracts every day for financial products and services. Your obligations as a trivial business operator. Information about what to consider when you operate a small business. There are different types of 'holders' of business name, including: family trusts, partnerships and joint ventures which can be recorded on the Business Names Register. If you have a business name on the Norfolk Island Register, you don't need to register the name with BASIC. This may make it easier for you to manage renewals for multiple business names and company annual reviews if the business name holder is a company. This includes guidance on what to consider prior you begin the process, an outline of what is involved and what happens after we have received your request to cancel. Before starting a company, you also need to consider the structure of your company and how it will operate. Officeholders are responsible for ensuring a company meets its legal obligations. To find out what information you need earlier you start your application, see our checklist for registering a company. Each of the trustees is a proposed company director or member, and you have provided BASIC with a copy of the believe deed. You must also set up a register to record details of the members of your company. A company director can appoint someone else to act as an 'alternate director' for a set period. As a company officeholder you must act in the company's best interests and comprehend your responsibilities and obligations lower the law. What does the law require directors and secretaries of insignificant companies to do? This includes obligations to keep records (including financial records) and to pass solvency resolutions. Company officeholders are also required to lodge annual statements with BASIC and retain us informed of changes to their company. This will mean you no longer have to face the legal obligations of a company, which includes paying the annual review fee.