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Healy Consultants assists entrepreneurs in the process of incorporating Limited Liability Companies (LLC) in Australia, along with other types of business entity. The following information about Australian LLC's will help to make an informed decision whether that type of Australian company best suits your business interests.

Key Aspects Of An Australian LLC
 
 
Limited Liability Company (Pty. Ltd.)
100% Foreign ownership allowed
Yes
Minimum Directors
1
Corporate Directors allowed
No
Minimum Shareholders
1
Australia Resident Director required
Yes
Public Officer required (Company rep. to the Australian Tax Office)
Yes
Normal authorised share capital
$0
Australia Resident company secretary required
No
Australia registered office address required
Yes
Director/Shareholder/Secretary details available to public
Yes
Annual audit required
Yes
Annual return required
Yes
Repatriation of profits allowed
Yes
Liability
Limited Liability

Other Types of Australian Companies
Sole Proprietorship
1.
A Sole Proprietorship is set up by individuals and have unlimited liability for the companies operations.
2.
100% foreign ownership is allowed for a Sole Proprietorship.
Partnership
1.
A partnership is any business with between two and twenty owners. A partnership can be formed without any particular legal processes being followed. However, it is usually wise to have a written agreement before commencing business.
2.
An Australian Partnership is relatively easy and cheap to establish.
3.
Financial liabilities are shared between the owners of a Partnership.
Co-operative
1.
This is similar to a company but is formed by a group of people with a common goal to work together.
2.
Profits made by co-operatives are either distributed between the members or used to improve the cooperative in some way.
3.
Co-operatives are covered by the Co-operatives Act and need to adhere to various rules and regulations.
Public Company
1.
A public company is usually traded on the stock market and the public is able to buy shares.
2.
A minimum of five shareholders is mandatory for an Australian public company.
Contact Us
For more information on Australian Limited Liability companies, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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