Starting a business in Australia
Legal Forms of Companies
- Sole Trader
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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
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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
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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
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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
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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.
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
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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