Instant Australian Company Number (ACN)

by Ryan 15 February 2008

This blog post captures a link to an Australian company called Cleardocs that provides online Australian company secretary documents at a very competitive price.

Of note is the company registration process that they offer for only AU$537.50 (as of 14 Feb 2008). This is only AU$137.50 above the ASIC registration fee of AU$400.

A bit of background on creating an ACN with ASIC

  • Typically start up businesses ask their accountant to create the new company for them.
  • Costs for this type of service typically ranged between AU$1,200-AU$2000.
    • This price was constructed from AU$800 ASIC fee and then the accountants margin on top.
  • In the May 2007 Australian Commonwealth Budget the ASIC fee was reduced to AU$400.

This type of service may be useful if you are creating new company entities for:-

  • Holding Intellectual Property as part of a protection or licensing strategy.
  • To facilitate joint ventures.
  • Re-branding a businesses.
  • Starting a new business and looking to reduce up front costs.
  • Positioning large contracts and or projects. (In a similar manner to a joint venture).
  • Separating large funds for fund management activities. Often linked to this is the use of a unit trust with the new company acting as the trustee of the unit trust.

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March 17. 2008 08:18

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Instant Australian Company Number (ACN)

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December 2. 2008 04:33

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