All Topics / Hotch Potch / forming a company

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  • Profile photo of kareithkareith
    Member
    @kareith
    Join Date: 2003
    Post Count: 1

    Hi All,

    I’m new at this game and was wondering if you can give me some advice on whether or not it is good practise to have a company name?? Also tied in with this, do you require an ABN.

    Regards

    Kareith

    Profile photo of crashycrashy
    Participant
    @crashy
    Join Date: 2003
    Post Count: 736

    It costs about $1000 to form a company. You need an ABN. Good practice in regards to what? buying property?

    http://www.incorporator.com.au

    cheapest option around

    http://www.posigear.8k.com

    Profile photo of kareithkareith
    Member
    @kareith
    Join Date: 2003
    Post Count: 1

    Thanks for the info. I should have given you more info. Yes i intend to buy properties.As many as i can afford and as quickly as i can
    Regards
    kareith[:I]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Get some proper advice, but you probably should not be buying property in a company-unless it is a company as trustee for a trust.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of HulaQueenHulaQueen
    Member
    @hulaqueen
    Join Date: 2003
    Post Count: 23

    Here’s another company that does online company AND trust setup. It’s a new system and linked directly to ASIC. You fill out the forms online, print and sign your paperwork, then send the forms directly to ASIC. About 10 minutes later you have your company ACN and are ready to go! Cost is only $137.50 per company and per trust plus the $800 ASIC fee.

    http://www2.cleardocs.com/

    Cheers!
    Sheryl

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