Sign in to follow this  
Guest davey72

Setting up a LTD company

    Recommended Posts

    Guest davey72

    Hi

     

    I will be setting up my own business when over in Adelaide. Is it pretty much the same as to setting up a ltd company as in the uk or is totally different?

     

    Any pointers dos and donts would be great or if there is a good book to purchase to help with the ins and outs.

     

    Cheers

    Share this post


    Link to post
    Share on other sites
    Guest oli

    What type of business? Are you starting from scratch?

     

    Whether you should first trade as a sole trader or start a trust or start a proprietary limited company right from the go really depends on what you're going to do, whether you need employees, what your turnover is going to be, and a number of other things.

     

    I'd be seeing an accountant before you get anything established to get advice on how to get going.

    Share this post


    Link to post
    Share on other sites
    Guest Team 'W'

    Hi Davey72

     

    To be on the safe side I've used Allan Collett of Go Matilda, an accountants and migration company. More expensive this way but one less headache and he's a trusted and respected person on here so worth the extra money in my opinion.

     

    If you are going limited you need to be a resident in the country, hence again the use of an Australian accountancy firm who will use their address as a short term registered office and the accountant will register as a director of the company until you arrive. He will simply then resign as a director leaving you to enter the country with a company all set up and ready to go.

     

    You need to allow about 2 weeks for all the formalities of a Ltd co and about 3 weeks if you use a Trust structure.

    Share this post


    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

    Sign in to follow this