The lead up to starting a new company is always exciting but this is also a time to make sure you set your business up correctly from the beginning. Once you have your certificate or registration there is 7 other steps to do.

You will receiver your ACN either via fax or email within 30 minutes of registration (sometimes this may take longer if there is a hold up with ASIC), and once you do you can start using it.

Apply for an ABN number: Even if you become a company you still need and ABN (below is an extract from ASIC's website):

ABN = Australian Business Number This is a new number for business dealings with the ATO (Australian Tax Office) and in future, with government agencies at all levels. An ABN is needed to register for GST and other elements of the New Tax System.

This is essential for all companies. You can apply either by completing the order form that is provided when you purchase the complete company register or online at their website (Google ASIC).

Get Your Domain Name:

In today's day and age it is important to have a website in fact I would go as far to say you are "playing" if you do not plan on having one and fast.

Websites are now very affordable and can be set up for as little as a few hundred dollars. And for the power of what the internet can offer it is a great marketing tool.

You will need to get a relevant domain name (this is the address that you will send people to for your website): www.companiesnow.com.au) It is a good idea to have the domain name closely linked to what it is you do. Example: Company Name: Hair Excellence Web: www.hairexcellence.com.au. If you cannot get that exact match play around to get as close as possible.

If you are looking to have a world wide business then utilize a .com domain name but if you are mainly dealing in Australia go for a .com.au as people will relate to you being an Australian Business.

Set Up A Website:

This is quite simple these days and there are a lot of good companies offering services, you can even build your own very easily without having to know anything about coding.

If you are a client of Companies Now and would like any information on them or other alternatives then please give us a call and we will happily point you in the right direction.

Open A Bank Account:

You must open a bank account to start operating. It would be wise to go to a local bank and get a business checking account as well as some kind of savings account. With the business accounts you will be able to set up payments to your own personal bank account and to your employee's accounts too. You will use this for directly depositing pay checks etc. You will also be able to sign up for debit cards to your accounts. You can take the names of people you want to have access to your account with you. These people might need to sign something so be prepared for that.

You will need to supply the bank with the following: -Company Certificate Of Registration -Company ABN (some banks may not require) -Your Identification

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