Australia flag Australia: Operating a Business in Australia

Starting a business in Australia

Legal Forms of Companies

Sole Trader
Number of partners: 1 person.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the sole trader is unlimited.
Private or Proprietary Company
Number of partners: One or more.
Capital (max/min): No minimum capital.
Shareholders and liability: The partners' liability is limited to the amount of capital contributed.
Public Company
Number of partners: One or more.
Capital (max/min): No minimum capital.
Shareholders and liability: The partners' liability is limited to the amount of capital contributed.
Partnership
Number of partners: Two or more.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is joint and unlimited for all partners.
Limited Partnership
Number of partners: At least one general partner and one limited partner.
Capital (max/min): No minimum capital.
Shareholders and liability: Unlimited for general partner, limited to capital for limited partner if they do not participate to the company management.
The Competent Organisation
Australian Security and Investment Commission (ASIC)
Company Directories
ASIC, Australian Securities and Investments Commission
 
Setting Up a Company Australia OECD
Procedures (number) 3.0 5.2
Time (days) 2.0 9.5

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Australia.
Australian Business Register

Find out more about Operating a Business in Australia on GlobalTrade.net, the Directory for International Trade Service Providers.

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Latest Update: June 2022

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