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A proprietary limited company, or Pty Ltd, is a private company structure with at least one shareholder and a limited number of shares. It's the most popular type of company in Australia as the liability of the shareholders for any company debt is limited by the amount of shares they hold.
How do I start my own company?
We've taken the hassle out of company formation with a quick and easy online form. Simply fill out your details and we'll handle the rest! You'll receive your Australian Company Number (ACN) and certificate of registration within 20 minutes, along with all legal documentation needed to be compliant with the Corporations Act 2001.
Registering a name for your company is optional, as you can also operate under your ACN. As long as the name is available and doesn’t contain any offensive or restricted words, you’re free to name your company whatever you like.
The director’s role is to manage the company’s operations and act in its best interests. At least one director needs to be appointed to your company.
Issuing shares is a way of appointing ownership of the company to one or more people. Those who own shares (members) are also owners of the company and hold some decision making powers. If you decide to have one director and one shareholder, they can be the same person.
Once your application has been approved, you will receive your company registration certificate and company documents via email.