What type of company should I register?

Company Registration Frequently Asked Questions

Frequently Asked Questions

What type of company should I register?

a question in Company Registration

If you are wanting to start a business, you will need to evaluate the advantages and disadvantages of different business structures that suit your individual needs. A company is a separate legal entity from its shareholders. Once a company is incorporated under the Corporations Act it enables you to conduct business in Australia whilst enabling the entity to have the same rights as a natural person.

Abbots provides its clients with the ability to register different types of companies:

·       Standard proprietary companies

·       Not for profit or charitable organisations

·       Special purpose companies - for example, a Sole Purpose Superannuation Fund Trustee company. 

Standard proprietary companies

A standard proprietary company is a company that is registered under section 118 of the Corporations Act which is limited by shares. A proprietary company can have no more than 50 non-employee shareholders.

Not for profit or charitable companies

Charitable and non-for-profit organisations can be registered as public companies limited by guarantee. Unlike regular companies, charitable companies have members rather than shareholders. Registration of a charitable entity creates a separate legal entity from its members.  Our services does not include registration with the Australian Charities and Not for Profits Commission. 

Special Purpose companies

A special purpose company can only be used for a specific reason rather than just general business activities. Under s19 of the Superannuation Industry (Supervision) Act 1993  a sole purpose superannuation trustee company can only act as a trustee of a regulated superannuation fund. The company’s constitution must prohibit distribution of property or income to its members.


The Abbots company registration package includes all relevant documents required to get your company registered with ASIC. 

If you do not find the answer to your question listed within our FAQ's, you can always contact us directly at orders@abbots.com.au

The summary displayed on this page is for information purposes only. Summary should be considered general in nature, and should not be a substitute for professional legal advice. You must always seek your own independent legal, financial and accounting advice about your unique situation.