FAQ

How much does it cost to register a company?

Our company registration fee is $508 inc Gst + $9.19 credit card charge fee
Our fee includes professional review and lodgement of your application. We prepare all your required legal documentation such as consents, the share register, share certificates, constitution and opening minutes for a company.

What are the costs for maintaining a company?
  • You will need an accountant to complete and lodge your company’s tax return
  • You may need a book keeping solution or a book keeper to assist with BAS lodgements
  • Asic will charge you a company renewal fee each year for which the company is operational. This fee is $263 for 2018-19, this increases Each year to keep up with inflation.
  • Special purpose companies such as SMSF Trustee companies and Charities pay $53 On renewal of registration
Do you have a refund policy?

You accept and agree that due to the nature of our products, we only provide refunds or exchanges are at our absolute discretion in exceptional circumstances. With company orders, a fee of $488 is paid to ASIC for the registration of the company name. This fee is not refundable by ASIC. Any change of name, will attract a fee of $403 from ASIC. Our fee is $20 plus $2 Gst. All Deed orders, $199 plus Gst + $3.48 credit card fee, may be refunded, if any error is made by us in the preparation of the deed.
You agree to provide any other information or materials we ask for that we believe is relevant to our decision.

Who can register an Australian company?

Anybody over the age of 18 who is not bankrupt, can form an Australian company. At least one director must be a resident of Australia and the company’s office address should be an Australian address. You cannot use a post office box as a registered address.

How do I fix mistakes on my company application?

If your application is rejected by ASIC for any reason, you can login to your account to edit the information before resubmitting it.

If the company has already been registered, and you wish to change any of the following

  • Company name
  • Directors name
  • Date of birth
  • or Share allocation

We can help you change all the above for a small cost of $55. If you decide to change the company name, you will need to pay a fee to ASIC of $403 and the lodgement of a form 205a done via us for $55 or via the company directors login

To make changes to company details:  www.asic.gov.au

  1. Register for online access using your company’s corporate key
  2. Log in to our online services with your company’s ACN or ABN
  3. Enter your username and password
  4. Select ‘Start new form’ and select ‘Change to company details’

All correspondence is sent to you electronically ( by ASIC) once you’ve registered for online services. You will receive an email alert when the correspondence is available. This includes your company annual statement.

These are common ASIC forms used for changes:
  • Incorrect Company Name –  Form 205a Even if it is just a typing mistake you will need to lodge a form 205a which ASIC The Fee is $403 to lodge.
  • Incorrect personal information – use the Form 492 IE: incorrect full name John Peter Smith, incorrect DOB
  • To change any company details, use a Form 484

Note – We can help you change any of this information for a small fee of $55.  Some basic details can be changes via www.asic.gov.au / company officeholder login using your company corporate key

What information do I need before setting up a company?

You will need have the following information:

  • The proposed company name ( check that it can be registered via our site home page)
  • Full name, full residential address and date and place of birth for each director of the company.
  • Full name, address and number of shares for each member of the company
    TIP – You can choose a home address for trustee companies or a business address
  • The address of the registered office and principal place of business.
What Does It Cost to Register a Company?

When you register a company via our service we charge the following fees.

Description Amount G.S.T. Total
ASIC REGISTRATION FEE (charged by A.S.I.C) $488 $0 $488
COMDEEDS SERVICE FEE $20 $2 $22
Total $508*

*before credit card fees of 1.75% + 0.30cents

Hybrid ( preference ) Shares

Issuing Preference Shares

in order for a unlisted company to issue hybrid or preference shares, such as redeemable preference shares, convertible notes, the company must pass a special resolution by all directors, members and shareholders, detailing the arrangements or a customised constitution may be drafted by the company persuant to section 254A(3)

ASIC requires the following forms to be lodged:

  •  Form 2205 Notification of resolutions regarding shares; and
  •  Form 210 Notification of statement or special rights carried by shares within 14 days after the rights are made created.

“Redeemable preference shares are preference shares that are issued on the terms that they are liable to be redeemed. They may be redeemable

    •  at a fixed time or on the happening of a particular event; or
    •  at the company’s option; or
    •  at the shareholders option”

We do not provide support or legal advice on preference share structures. If you are allocating preference shares, it is best to work with your accountant, financial adviser or lawyer so they are structured properly.