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4.How important is it to have properly drafted legal documents when registering a company?

Company directors in Australia are expected to act in the interests of their company and its members at all times. To ensure a new company gets off to a good start, it is critical to check that the registration process is carried out properly and in full.

The legal requirements of company directors are clearly spelled out in the Corporations Act 2001.  So what are the main obligations of company directors as set out in the Corporations Act. For starters, a company officer is responsible for making sure details about the company are kept up to date at all times. They must maintain the correct registers and company records. Finally, they must make sure annual lodgement and review fees are paid to ASIC on time.

A good starting point to ensure company directors can maintain compliance with the Corporations Act is to use a registered agent - such as onlinecompanyregistration - when setting up and registering a new company with ASIC. We have successfully registered thousands of Australian companies and our processes are quick, simple and fully automated.

As part of our package we supply company officers with a full set of documents drafted by expert lawyers. The document package required should include templates for:

1. Minutes for the first directors meeting for the company
2. Written consent from the occupier of an address that you wish to use as the registered address of the company (if your business doesn't actually occupy that address - for instance, it may be the address of the company accountant)
3. The written consent (prior to registration) of any individual who agrees to be a member, director, secretary or officer of the company
4. A register of company members and shareholders
5. Share certificates
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