Showing posts with label company registration. Show all posts
Showing posts with label company registration. Show all posts

Friday, May 22, 2015

Click ‘Start New Order’ to register your first company with Cleardocs and receive 60% off*

Ercan Barlas, Technical Lead, Project Manager

Cleardocs would like to reward new Company Registration customers for being organised.


With the end of the financial year fast approaching, be organised and get in early to receive your first company registration for only $506.50 including the ASIC fee.  Whether you’re setting up a corporate trustee for your super fund or starting a new business, now is the time to get clicking.

For a limited time only, as a thank you for ordering your first company registration with Cleardocs, you also get to choose one of the following Employment & HR document packages for free:
What’s included in your package?
The documents included in your package are signed off by our top 20 law firm in Maddocks:
  • Certificate of Registration - which shows the ACN (Australian Company Number), the date of registration, and the registered company name;
  • the company's Constitution;
  • Consent to act as Director;
  • Consent to act as Secretary;
  • Application for shares;
  • Minutes of a meeting of directors;
  • Share Certificates;
  • Consent to act as Public Officer;
  • Notice of appointment of Public Officer; and
  • an Establishment Kit explaining what to do next.
This limited offer of 60% off on your first company registration plus a complimentary package valued at $99 is valid only till 30 June 2015. In total, you’ll save $187 on two trusted Cleardocs packages, catered to your business needs.

Your Employment & HR document choice can be completed after your Company Registration is ordered.

*This offer only applies to users registering their first company through Cleardocs. 60% off Cleardocs fee. Excludes ASIC fees, printing, binding and courier costs. Offer ends 30 June 2015.

+Cleardocs Thomson Reuters

Tuesday, May 5, 2015

ASIC rejections due to an existing business name

Grant Stoddart, Customer Service Representative

As we approach one of the busiest times of year for company registrations at Cleardocs, I thought I would address a common query about ASIC rejections. Some of you might discover ASIC has rejected your company registration on the basis the name you want to register is identical to an existing business name.

It is ok for ASIC to register a company with a name identical to an already registered business name provided the business name holder is involved in the company and meets ASIC’s requirements in terms of the level of their involvement.

ASIC advises that in order to register a company using an existing business name,the following conditions must be met:

If the business name is held by a:
ASIC registration requirements for the company are:
 Sole trader

 The sole trader must be a director
 Partnership

 Each partner must be a director
 Trust
Each trustees of the trust must be a shareholder, and a copy of the trust deed emailed to ASIC

 Company

The company must be a shareholder in the new company


After you submit your application to ASIC, its system will flag the existence of the identical business name and ASIC will reject the application. All you need to do is call or email Cleardocs support and we will lodge the application manually for you, confirming with ASIC that the above conditions have been met. As this application will be manually reviewed by ASIC, it will take a bit longer to process, but in most instances the company will be registered on the same business day.

If the company has no connection to the existing business name, or does not agree to the ASIC requirements in the table above, then they will need to choose a different company name to register.

For further information about ASIC rejections or Cleardocs document packages, please call our helpline on 1300 307 343.


Wednesday, April 22, 2015

Software Assistant

Denice Fraser, Marketing Manager

Software Assistant was recently acquired by Thomson Reuters and an integration of the product and interface platform has taken place.

As part of this integration, Register Assistant company registrations are being managed through Cleardocs. Register Assistant customers were moved to Cleardocs and are now enjoying our document creation process.

Our ability to swiftly work through product and platform integrations such as this reinforces our focus to remain agile and relevant to small accounting practices.

In order to address user pain points or cloud-based solution trends, we continue to work with business partners and customers alike, in proactive and reactive ways.

Through our regular communications and contact with you, you may occasionally hear about the products and services Software Assistant has to offer tax and accounting practitioners. 

Please be assured that if we do share information on the solutions available through Software Assistant, we will only do so because we believe the information may be of interest to you. Any contact will only be made through unobtrusive means and you are able to opt-out of receiving emails on product updates at any time.



Should you require further information on Software Assistant please visit this web page.



+CleardocsThomson Reuters

Thursday, April 9, 2015

Successful succession planning for your family business

by Thomson Reuters

Family businesses operate through many different legal structures. Examples include:
Business succession planning has become a very "hot topic" given the ageing population of business owners. It is all too often a last-minute consideration, but planning for succession involves many issues and should be done well before an owner exits the business.
Family Business Succession Guide, 2nd Edition, written by Sue Prestney, Partner at PwC Private Clients, and published by Thomson Reuters, provides a practical approach to family business succession planning. Owning and operating a family business can be greatly rewarding but involves complexities that result from the interaction of family and business. It is important that families get the right advice when dealing with the issues involved in passing on their life's work. Poorly handled succession can damage both the business and the harmony of the family.
This book takes the reader through a succession planning process using the family business constitutions to address the typical issues involved in succession and the interactions of family and business.
Containing many practical examples, diagrams and case studies direct from the author's first-hand experiences, this guide outlines the practical process to be following under a succession planning assignment. The book also helpfully includes planning checklists that can be used as templates by advisors and SMEs themselves to ensure they get off to a good start on succession planning.
Further information, including details of how to obtain your copy, is available on the Thomson Reuters website. It is too important not to be planned well in advance.


+CleardocsThomson Reuters

Wednesday, March 4, 2015

Welcoming Business Name Registration to the Cleardocs line-up

Cassandra Townsend, Manager, Precedent Lawyer



We’ve received a fantastic response to our first new document package for the year – Business Name Registration.

Customers tell us they are delighted to be able to stay on our website and take advantage of this additional step in the business set up process.

Also, as a Cleardocs first, the product incorporates the time-saving feature of pre-population of company name holder details from previous Cleardocs orders – making the document creation process faster and easier.

The following resources are now available on our site to assist you in the exciting step of starting a business:

1.     A real-time check against ASIC’s database of business name availability when you enter your proposed business name in the online question interface.

2.     If you’re stuck for business name, you may like to read our case study on the Cleardocs business name. It outlines the process that Cleardocs founder, Christopher Balmford, went through to choose a business name and relevant considerations.

3.     We’ve prepared a checklist of information you will require to complete your business name registration through Cleardocs.

4.     As you will need to specify the ABN of the business name holder in your order, we’ve provided an ABN & TFN checklist showing the questions you will be asked when applying for your ABN.


Wednesday, November 12, 2014

A step-by-step guide to registering an Australian company through Cleardocs

Denice Fraser, Marketing Manager

To show you just how easy it is to register a proprietary limited company through Cleardocs, we've created a video tutorial.

The tutorial takes you through the steps and screens involved with registering a company and creating company documents.

You can access the video from the 'Resources' menu at cleardocs.com.

If you'd like more information on company registration, please visit our Company Registration product page or contact our helpline on 1300 307 343.



Thursday, August 28, 2014

SMSF borrowing with Cleardocs: Clarifying the steps

Lisa Galbraith, General Manager Cleardocs

Borrowing through your Self Managed Superannuation fund continues to be an important strategy for trustees.  At Cleardocs, we often have customers asking how to get started.  This blog highlights some of the useful resources on Cleardocs and the document order process.  Obviously, any borrowing arrangement needs to be carefully considered.  We always recommend our users obtain professional legal and financial advice as Cleardocs cannot (legally) provide this.


The process
Step 1:
You must have an existing SMSF trust deed that allows borrowing.  If your deed was established before July 2010 and has not been updated since then, it is unlikely to have the borrowing clauses that the banks like to see.  The banks are looking for very specific wording in relation to borrowing; older deeds typically do not include the appropriate phrasing.  If you have a Cleardocs SMSF, you need to have a deed of version 11 or greater.


Step 2:
Meet with your lender to clarify the necessary structures and borrowing limits.  For example, the bank may want the trustee of the SMSF and/or the trustee of the bare trustee to be a company.


The corporate trustee for your bare trust cannot be the same as your SMSF corporate trustee. In this instance, you will need two companies.


Step 3:
With the understanding of your preferred lender's requirements, you can create the necessary borrowing documents through Cleardocs.


If you need to change your SMSF trustee, you must first order the SMSF Change of Trustee document package from Cleardocs. Then, if your lender requires a corporate trustee for the bare trust, you will need to register a company  – Cleardocs company registration package does this for you.


Cleardocs has two borrowing packages – SMSF borrowing (bank) and SMSF borrowing (related party).  This will be the final package of documents you need. 


Once you have completed the packages, our lawyers at Maddocks recommends you provide the unsigned borrowing package (together with your SMSF documents) for your lender or bank  to review – this is because it is much easier to make changes when the document is unsigned.  lender


Step 4:
Once all the parties are satisfied with the documents you are ready to purchase the required assets.


Resources
The legal structures and parties involved with borrowing can be complicated.  To help you through the process, Cleardocs with our lawyers at Maddocks have developed a number of helpful resources.  Our borrowing product page is the best place to start.  Look out for:






ClearLaw articles on a wide range of SMSF topics

As always, please call the Cleardocs Helpline on 1300 307 343 if you have any questions.






Monday, May 26, 2014

Top 10 ClearLaw articles to help you keep up-to-date

By Thomas Lam

Articles prepared by top 20 law firm – Maddocks – since 2005


ClearLaw, first published back in August 2005, is a monthly newsletter of articles about current legislative issues concerning SMSFs, CompanyRegistration, DiscretionaryTrusts and more. The articles are usually authored by relevant lawyers from Maddocks or Thomson Reuters' senior tax writers.
All Cleardodcs users receive an email alert once the articles are published on our website and can read these articles for free.
In this blog, I would like to share with you the 10 most popular ClearLaw articles to date:
  1. UpcomingSMSF administrative changes: early discussion with the ATO Mar 2014 – upcoming legislative changes affecting SMSFs outlined by an ATO senior officer.
  2. Companiesvs Sole Traders: Things you need to consider May 2010 – looks into some of the issues you need to consider when deciding whether to operate a business as a sole trader or through a "Pty Ltd" company.
  3. ATOprovides warning on SMSFs which lend money (NOT borrow money) Sep 2011 – warnings from the ATO about SMSF trustees entering into lending arrangements on behalf of the SMSF.
  4. Changeof SMSF trustee: practical tips for LRBAs Mar 2014 – tips and guidance to SMSF trustees to help them comply with their duties under superannuation law and LRBA documents.
  5. Jointventurers v. Partners: Do they owe the same duties to one another? Jul 2007 – discusses two court decisions suggesting joint venturers owe one another the same fiduciary duties as partners.
  6. CorporateTrustee v Individual Trustee: Key Differences for SMSFs Apr 2011 – highlights the advantages and disadvantages of choosing a corporate trustee over an individual trustee for a self managed superannuation fund and other trusts generally.
  7. SMSFMembers overseas? Beware the residency trap Nov 2006 – an interesting and relevant read for any SMSF member who plans to stay overseas for more than two years.
  8. Overviewof some things to consider when registering an Australian company Mar 2010 – a guide to some of the issues you need to consider when registering a 'proprietary limited' company.
  9. Electronicsignatures: when are they effective? Nov 2013 – identifies risks and tips for dealing with electronic signatures.
  10. Understandingthe differences between an agreement and a deed: lessons from 400 George Street (Qld) Pty Ltd v BGInternational Ltd Feb 2013 – discuss how deeds and agreements are distinct in two principal ways.
I hope you will find these articles interesting and useful. You can read our most recent ClearLaw articles here. Feel free to forward us topics you would like our lawyers to cover as ClearLaw articles.  Please note that ClearLaw articles are up to date at the time they are published. Old articles are not updated to reflect changes in the law.

Tuesday, May 20, 2014

Company and SMSF Minutes & Resolutions for end of financial year

Belinda Thalakada, Customer Support Representative

Financial year end is just around the corner and many of our customers may be thinking about getting their company, SMSF and trust documents ready to submit to the ATO. 

Cleardocs can assist you with creating minutes and resolutions to get your entity’s records in order for the end of financial year. For example, resolutions for appointment of an accountant, an auditor or to approve financial statements.

Cleardocs offers a range of minutes and resolutions you may need for your SMSF or pty ltd company. 


If you purchase your minutes and resolutions package when setting up your company or SMSF, you will receive a 15% discount off the price of the minutes & resolutions package.

Also, our system will save details of the company or Fund so that:

  • we can pre-populate the company or fund details into the question interface for your minutes & resolutions orders; and
  • the company or Fund can purchase unlimited minutes or resolutions within the respective package in the subsequent 12 months. Given payment of the upfront fee, on the payment screen, you will be prompted to use free documents for the next 12 months.


+Cleardocs Thomson Reuters

Monday, February 10, 2014

Set up an SMSF and register the SMSF corporate trustee in one simple step

Belinda Thalakada, Customer Support

Set up an SMSF and register the SMSF corporate trustee in one simple step
In December 2013 , Cleardocs released its first combination package - SMSF setup + register Corporate Trustee. This new product comprises all the documents you would otherwise receive by separately completing a company registration and then, SMSF setup through Cleardocs.

What are the benefits of the Cleardocs bundled package?
As a result of us combining the company registration and SMSF setup products, you save time by now completing one online form instead of two.   This means you don’t need to enter the same information twice (i.e. member/director details, trustee information etc.).  It also means you only need to make one payment for the Cleardocs fee for both your company and SMSF set up, and you can purchase printing for both packages in one order (for a cost of $76).

What documents are included in the package?
Your document package includes a full set of documents for your SMSF set up and Company Registration:

Superannuation Trust (SMSF)
    • the SMSF Trust Deed - the Deed is customised to reflect the SMSF has a corporate trustee;
    • a Product Disclosure Statement summarising the features of the SMSF;
    • Consents for the directors of the trustees;
    • Minutes to set up the SMSF and set its investment strategy;
    • applications, beneficiary notices and TFN notices for the SMSF members;
    • ATO trustee declaration form; and
    • an Establishment Kit explaining what to do next.    
Company Registration
    • Certificate of Registration - which shows the ACN (Australian Company Number), the date of registration, and the registered company name; the company's Constitution - the Constitution is customised to reflect that the company is the trustee of a superannuation fund;
    • Consent to act as Director;
    • Consent to act as Secretary;
    • Application for shares;
    • Minutes of a meeting of directors;
    • Share Certificates;
    • Consent to act as Public Officer;
    • Notice of appointment of Public Officer; and
    • an Establishment Kit explaining what to do next.
All master documents are written in plain language and are signed-off by our lawyers at Maddocks.


10% off introductory offer extended to Friday, 28 February 2014.
Cleardocs are celebrating the release of this product by automatically providing a 10% discount off the Cleardocs fee of all SMSF setup + register Corporate Trustee orders paid on or before Friday 28 February, 2014. This discount means the total cost of the package is $691.50 instead of the usual cost of $719.00. 

Login to your Cleardocs account now to start saving.

Monday, February 3, 2014

The 2014 year ahead

By Lisa Galbraith, General Manager


The year has begun with a bang – already my holidays are receding to the back of my brain.  At Cleardocs we have been busy finalising priorities for the coming year and looking for new integration opportunities with Thomson Reuters.

Late last year we launched our first combo product – SMSF set up + register Corporate Trustee.  The product provides a streamlined interface for completing two documents (SMSF and company registration) with one interface.  Feedback suggests that this one stop process works well.   Over the coming year, we will gradually roll out further enhancements to our documents and website. These enhancements will reduce data entry time and provide greater flexibility for you.

In 2014 we will be exploring options to more effectively share the exciting new tools developed by Thomson Reuters, through the Checkpoint platform.  In particular, the new Trust Distributions Workflow will be a valuable solution for many of our accounting users.  The interactive workflow allows you to carry out trust distribution calculations, including those which involve the streaming of capital gains or franked distributions.  Look out for an email with more detail on this great new tool.

Finally, I would like to welcome our many new customers.  It is very satisfying to see so many new customers enjoying the flexibility, quality and benefits of Cleardocs.  Please remember to send through your feedback and comments – we'll always listen.

Wednesday, June 15, 2011

ASIC fees to rise — Need to register a company? Save a little this financial year


Christopher Balmford, MD

On 1 July 2011, the ASIC fee:
  • for registering a Proprietary Limited (Pty Ltd) company will increase from $412 to $426. The Cleardocs fee of $137.50 (inc. GST) will stay the same.
  • for reserving a name (or extending a name reservation) for a Proprietary Limited (Pty Ltd) company will increase from $41 to $42. The Cleardocs fee of $22 (inc. GST) will stay the same.
According to ASIC, the fee rises are to reflect an increase in the Consumer Pricing Index (CPI).
Also, there will be a one-off increase to the company annual review fee, to cover the increased costs of the national scheme.

Various other ASIC fees are increasing. You can read more information about the new fees here on ASIC’s website.

Remember you can use Cleardocs to create legal documents, and to register companies with ASIC 24 hours a day, even on weekends.

Registering companies this financial year
Also, remember:
  • that company registrations cannot be back-dated. So if you need a new company to exist in this financial year, then you must register it before the end of this financial year; and
  • that a company’s Certificate of Incorporation is dated the day that ASIC approves the registration – not the date the application is lodged (if those dates are different).
So if you find yourself with a last minute company to register, then make sure you keep an eye on your order through Cleardocs to make sure the company gets registered. For example, if you lodge a company registration application before 30 June 2011 but ASIC rejects the application, then you will need to make sure you correct and resubmit your application — and that it is successful — on or before 30 June 2011.

Extended helpline hours
We will extend our helpline hours for the last few days of the financial year. We'll answer the helpline:
  • on the weekend of Saturday  25 and Sunday 26 June from 9am to 5pm; and
  • each day from Monday 27 June until Thursday 30 June until at least 8pm.

Friday, March 18, 2011

Registering a Business Name, Registering a Company Name, Reserving a Company name, and registering a Trade Mark: an explanation

Christopher Balmford, MD

At Cleardocs, we sometimes get calls from people who are confused about company names and business names. They wonder:

  • Aren’t they the same?
  • What are the differences etc.?

This blog aims to help.

Why do people register names?

People register names, generally, for these 3 purposes:

  • to set up a business, a trustee company, or another organisation — by registering a company, which involves choosing a name for the company;
  • so as to have a trading name to trade under — for example, as a person, a partnership, or an organisation. They do this by registering a business name; and
  • to protect intellectual property so other people can’t use the name. Usually, the best way to do this is by registering a trade mark. But registering a business name or a company name can help, see below.

Where do the various name registrations apply?

The names registrations apply as follows:

  • business names are registered, and regulated, on a state and territory specific basis through the relevant government department in each state or territory. You can see a list of each state or territory’s organisation and their website here. You can register the business name online through those websites;
  • company’s (and therefore their names) are registered Australia-wide through ASIC, that is the “Australian Securities & Investments Commission”; and
  • trade marks are registered Australia-wide through IP Australia.

What names can you register through Cleardocs?

You can use Cleardocs:

  • to register a company with the name of your choice, see here;
  • to reserve a company name with ASIC, see here; and
  • to register a trade mark to protect intellectual property in the name, see here.

How does a registered or reserved company name or registered business name limit other uses of the same name?

Business name registered If someone registers a name as a business name in any state, or territory, say South Australia, then:

  • nobody else can get an Australian company with that name in Australia; but
  • someone can register the same name as a business name in any other state or territory (apart from South Australia).

So the business name registration in one state or territory:

  • blocks the business name in that state or territory (but not in any other state or territory); and
  • blocks the company name registration throughout Australia (though the person who owns the business name can arrange to register a company with the same name — by the way, the Cleardocs interface specifically allows for this).

Company name registered If someone registers a company, then nobody else can register the same name as a business name in any other state or territory. That’s it — the company name registration blocks all business name registrations.

Company name reserved If someone reserves a company name, then nobody else can register the same name as a company name while the name is reserved. You can read about this on the ASIC site here. The information on ASIC's site doesn't say whether reserving a name as a company name prevents anyone registering the name as a business name. However, the customer service person at ASIC I spoke with said that it does. You can check that:

  • by calling ASIC on 1300 300 630, then pressing 1 and 1 again and speaking to the person there; or
  • by calling the government body that registers business names in your state or territory. Their websites are here.

How does registering a trade mark fit in?

If you register a trade mark, then that prevents anyone registering the same trade mark for the same classes of goods and services for which you registered your trade mark.

However, having a trade mark doesn’t stop anyone registering a business name or company name using your trade mark. But your trade mark registration does give you rights that you can protect (or try to protect) by suing a person who uses your trade mark in relation to the classes of goods and services for which you registered your trade mark.

As the explanation on IP Australia’s website puts it, a “. . . trade mark gives the registered owner exclusive use of the trade mark throughout Australia” for the relevant classes of goods and services. So you can use that exclusive right to stop someone from using your trade mark in their company name or business name. There’s useful information about trade marks on the IP Australia website here — IP Australia is the government body that registers trade marks.

You can read more about registering a trade mark through Cleardocs here. Our system help you to choose the classes for which you might consider registering your trade mark.

More information

You can use Cleardocs:

  • to register a company, see here;
  • to reserve a company name with ASIC, see here; and
  • to register a trade mark to protect intellectual property in the name, see here.

You can call Cleardocs on 1300 307 343.