Call Irving Law, Business Lawyers, on 0449-865-807 | +614-49-865-807
NEED LEGAL ADVICE FOR A NEW AUSTRALIAN COMPANY?
You Have A New Company – What’s Next?
We assist many business owner clients who are starting up new companies.
In Australia, the company registration process has been automated by many reliable and cost-effective online service providers. We usually refer our clients to these online providers, but ask them to come back when they are finished.
Why? Because online service providers, while fast and cheap, produce standard documents – specifically, standard company constitutions – that are effective in a lot of situations, but may need adjustment for your particular situation. It’s like buying a coat at a department store. Maybe the sleeves are too long for you? You will need to take the coat to a tailor or an alteration service to have the sleeves taken up. We tailor the standard documents to fit your business model.
Why Editing Your Company’s Constitution May Be Important
The wrong time to find out what is in your company constitution is after a dispute has erupted with your business partners. What is the quorum for a shareholders meeting? What percentage of votes is required to pass a resolution? Is a higher percentage required for important issues, like hiring key personnel, or acquiring loans? If you have a shareholders agreement, does it clash with the constitution? The constitution is a higher-level document. If it clashes with the shareholders agreement, you should edit the constitution if you want the shareholders agreement to control the situation. If you have a company, but you don’t know the answers to these questions, you may be taking a gamble.
Starting a Subsidiary in Australia
We are offering a new service, in collaboration with UK solicitors and Chambers of Commerce in the UK and Australia, and our business partners Crichton Projects and You Evolve, to assist UK companies to set up a subsidiary in Australia as a way of expanding their market reach to off-set negative effects of Brexit. Please contact us if you are interested in this service.
Do you need a shareholders agreement?
Need legal advice for your company?
If you are a company director and shareholder, you may need ongoing advice about a range of things related to running your company, as issues arise. That’s why creating a relationship with a lawyer who can assist you with these issues is important. If you need advice about company issues, please contact us.