Managing Wealth Creation DVD - Accounting Business Services

For many years we have supplied the highest quality services in Company, Trusts and Superannuation Fund formations. Our structures are designed to provide you with the ultimate in Asset Protection and Tax Minimisation.

Whatever your circumstances or preference, we can provide a company structure to suit your needs. We have a number of unique packages tailored exclusively for our clients at Tangible Assets.

Our company registers are delivered to the client and contain full supporting documentation.

Certificate of registration
3 bound and one loose leaf copies of deed
Each constitution has a facility for Division 7A loans
Easy to use tabbed sections for quick reference filing
Relevant establishment consent forms, minutes of meetings
and share certificates
A bank account pack, including letter to your bank manager, bound copy of the constitution and copy of the ASIC form 201.
A tax and business pack, including forms to elect a public officer, ABN application forms, an information booklet to apply for tax and sample company letterheads
A company data file for your corporate registry system
A PDF copy of the Constitution
Order a company today and find out why more clients use Tangible Assets for their formations than any other provider.

What is a Company?
A company is a separate legal entity from the owners. It can sue and be sued in its own name separate from the person who owns it. It has limited liability for its debts. A company can either be a public company or a private company (Pty Ltd).
A company is run by directors.
A company is owned by shareholders.

When should I set up a company?
There are many benefits associated with establishing a Pty Ltd Company. Because a company is a separate legal entity from the owners, company shareholders can benefit from income splitting, profits can be retained in the Pty Ltd Company and be taxed at the 30% corporate rate and excellent asset protection is available if the Pty Ltd Company shares are owned by a discretionary trust.

When the company is to act as a corporate trustee for a trust.
When the company is to operate as a bucket company to accumulate income as a beneficiary of a trust. Companies can accumulate profits and pay tax at no more than 30%.
When the company is to contract out personal services of an individual for income. In this instance careful planning is required to ensure that the rules associated with deriving personal services income are adhered to.
When a governing body of a professional service will not permit members to operate through a trust structure. In this instance, you may be required to set up a company due to the nature of the industry you work in.
How long does it take to set up my Pty Ltd Company?

Should I set up my Company before Trading or Buying Property?
Yes. Once you start trading or buying property, transactions become harder to change for in most instances this will require a change in the legal owner of the asset. While there are rules about changing the legal owner, this action can occur, however it may be expensive and risky.

Do I just need one company if I wish to run a business, rent shares and purchase property?
If you intend to run an active business it is often a good idea to have this business operating as a separate Pty Ltd Company.

It is not recommended that the one company be used to run a business, rent shares and own property. Why? If something goes wrong inside the business then any property owned by the business will be at risk. If you wish to accumulate other assets such as property, contact our qualified practitioners who will establish purpose built company/trust structures designed to achieve the ultimate in assets protection.

How many Directors / Shareholders do I need to set up a Company?
Directors - Every proprietary company must have at least 1 director that must ordinarily reside in Australia. A director must be at least 18 years of age. There is no upward age limit. An undischarged bankrupt or a person subject to disqualification under certain sections of the Companies Law cannot act as a director or be involved in the management or promotion of a limited liability company in Australia. A Director may, or may not be, a Shareholder of the company.

Shareholders – While a Pty Ltd Company must have at least 1 shareholder (individual or company) but are limited to a maximum of 50. There is no requirement for any shareholder to be a resident of Australia.

What other the other advantages of trading through a Pty Ltd Company?
A limited liability company is liable only for assessment of taxation on its own profits and any taxation assessed is payable by the company itself and not personally by the directors or shareholders. The profits of a limited liability company are assessed at a flat rate, which under the New Tax System is 30%. This is substantially less than the current highest marginal tax rate of 48.5 per cent, as per the personal income tax scale. Directors of course pay income tax on any personal income tax and on profits derived from the company.

Can I get a margin loan for share renting with a Company as easy as if it was in my personal name?
Yes. Ask our recommended Share brokers who can arrange this for you.

I already have a Company that I use for my Business. Can I just use that for Trading and Property Acquisition?
We recommend no. If someone sues you in your business, all assets in the company are at risk. We recommend that your trading be in a separate structure such as a trust, otherwise all your trading capital is at risk if you get sued in your business.