Company setup help

Setting up a company? Get it right the first time.

Registering a company online takes about 20 minutes. Undoing the wrong shareholder, director or structure can take months, cost thousands, and in some cases trigger tax you never expected. We'll set it up properly from day one.

Prefer to talk now? Call 03 9978 3811

The form is easy. The decisions on it aren't.

The ASIC form doesn't ask whether your choices are right for you. It just records them. Those choices then follow the company for its whole life.

Who owns it

Shareholders decide who gets the profits, who controls the company and who pays tax when it's sold.

Who's liable

Directors can be personally liable for some company debts, including unpaid PAYG, GST and super.

What it costs to fix

Changing ownership later can mean valuations, legal documents, and capital gains tax.

8 common mistakes we see in DIY company setups

Every one of these comes from a real file that landed on our desk after the company was already registered.

1

Shares issued to the wrong person

Shares go to you personally when they should have gone to your family trust, or to a spouse "to keep it simple", without thinking about tax, control or what happens if the relationship ends.

The fix: transferring shares later can be a CGT event and may need a market valuation. It gets more expensive the more the company is worth.
2

Shares held on trust, not recorded as such

Your trust is meant to own the shares, but the ASIC form says the trustee holds them beneficially. On the public record, the trust doesn't own anything.

The fix: correcting ASIC records and documenting the trust's ownership, plus uncertainty about who actually owned the shares in the meantime.
3

The wrong people as directors

A spouse or parent is added as a director "on paper". Directors carry legal duties and can be personally liable for the company's unpaid PAYG withholding, GST and superannuation.

The risk: a family member's home and savings exposed to a business they don't run.
4

No director ID, or no resident director

Every director needs a director ID before the company is registered. A proprietary company also needs at least one director who ordinarily lives in Australia.

The risk: penalties, a stalled registration, and from 1 July 2027 companies must report director IDs to ASIC.
5

Only one class of shares

Most DIY setups issue ordinary shares only. That can limit flexibility later when bringing in a partner or investor, or planning how profits are paid out.

The fix: constitution changes and new share issues, often with legal costs, after the fact.
6

Two owners, 50/50, no agreement

Equal shareholders with no shareholders' agreement have no way to break a deadlock, buy each other out or deal with one owner leaving.

The risk: a falling-out that freezes the business. We'll flag when you need an agreement and work with your lawyer on it.
7

Wrong structure altogether

A company isn't always the answer. Sometimes a trust with a company as trustee fits better; sometimes staying a sole trader for now is cheaper and simpler.

The cost: years of extra tax or admin, and restructuring later is rarely cheap. Compare structures →
8

Everything that comes after registration

TFN, GST, PAYG withholding, a separate bank account, company registers and minutes, ASIC change notices, the annual review, and the rules on taking money out of the company (Division 7A).

The cost: ASIC late fees, ATO penalties, and money drawn from the company being taxed as an unfranked dividend.

Not sure if any of these apply to you?

A short conversation before you register is the cheapest advice you'll get.

Book a setup call

Doing it yourself vs. setting it up with us

Online registration services file the form you fill in. We make sure what goes on the form is right for you.

DIY / online form Mastin Harris
Is a company the right structure? ×Assumed ✓Advised for your situation
Who should hold the shares ×Your guess ✓Planned for tax, control and future sale
Director liability explained ×No ✓Yes, before anyone is appointed
Share classes and constitution ×One-size-fits-all ✓Set up for flexibility
Trust and corporate trustee setup ×Separate, often out of order ✓Coordinated in the right sequence
TFN, GST, PAYG registrations ×Up to you ✓Handled
Ongoing ASIC and ATO compliance ×On your own ✓We remind you and lodge for you
Someone to call when it changes ×A help desk ✓Your accountant, who knows your file

One fixed fee. Done properly.

Yes, you can register a company online for less. What you're paying for here isn't the form, it's getting the decisions on it right, from a registered tax agent who will still be your accountant when the company is up and running.

Company setup
$2,750

Fixed fee, including GST and the ASIC registration fee. No hourly billing, no surprise extras.

Book a setup call

What's included

  • A structure meeting before anything is lodged: is a company even right for you?
  • Advice on who should hold the shares: you, your partner or a family trust
  • Director advice, including what personal liability each director takes on
  • Share classes set up for flexibility down the track
  • ASIC registration, prepared and lodged by us, with the ASIC fee included
  • Member and officeholder consents and company registers
  • TFN, GST and PAYG withholding registrations, as needed
  • A plain-English rundown of how to take money out without Division 7A problems

Cheap setup, expensive fix

Moving shares to the right owner later can mean a valuation, legal documents and capital gains tax. That can easily cost more than doing it right the first time.

Advice, not just a form

Online services lodge what you type in. We tell you whether what you've typed in is a mistake.

An accountant from day one

The firm that set up your company understands it, so your first BAS, tax return and year-end are built on solid foundations.

How it works

Straightforward, with no jargon and no guesswork.

Talk to us

A short call or meeting about what you're doing, who's involved and where you want to take it.

We recommend

The right structure, shareholders, directors and share classes, explained in plain English.

We register

We prepare and lodge the ASIC registration and the ATO registrations you need.

You start trading

With a compliant company, a clear plan for taking money out, and us looking after the deadlines.

Free review

Already set up your company yourself?

That's fine, plenty of people do. We'll review your setup free of charge and tell you honestly whether anything needs fixing. Mistakes are far cheaper to fix before the company trades, makes a profit or buys assets. We'll check:

  • Who holds the shares, and whether that's what you intended
  • Your directors and their personal exposure
  • Share classes and constitution
  • Missing ATO registrations and ASIC obligations

If changes are needed, we'll quote a fixed fee before doing any work. You decide whether to go ahead.

Book my free review

or call 03 9978 3811

Frequently asked questions

Can I register a company myself?

Yes. Anyone can register a company with ASIC. The registration is the easy part. The risk is in the decisions made on the form: who holds the shares, who the directors are, which share classes are issued, and whether a company is the right structure at all.

Do I need a director ID first?

Yes. Every director needs a director ID from the Australian Business Registry Services, and you generally need to apply before being appointed. From 1 July 2027, companies will also have to report their directors' IDs to ASIC.

Can I be the only director and shareholder?

Yes. A proprietary company can have a single director and shareholder, as long as at least one director ordinarily lives in Australia. Whether you should hold the shares yourself, or through a family trust, is worth deciding before you register.

Should my company be the trustee of a trust instead?

Sometimes. A company acting as trustee of a family or unit trust is common and can offer more flexibility and protection, but it adds cost and admin. It depends on your profit level, family situation and plans. We'll tell you honestly if it isn't worth it.

Can I just take money out of my company?

Not freely. The company's money isn't your money. Funds taken out need to be paid as wages, dividends or a properly documented loan, otherwise the ATO can treat them as an unfranked dividend under Division 7A. We set this up correctly from the start.

How much does it cost?

Our fixed fee is $2,750 including GST, which covers the ASIC registration fee, the structure advice before anything is lodged, and the ATO registrations your company needs to start trading. No hourly billing and no surprise extras.

Why pay more than an online registration service?

An online service lodges the form you fill in. It won't tell you that the shares should be in your trust's name, that your partner shouldn't be a director, or that a company isn't the right structure for you yet. Those are the mistakes that cost thousands to fix later.

I've already registered. Is it too late?

No. We'll review your setup free of charge. Most problems can be fixed, and if changes are needed we'll quote a fixed fee before doing any work. It's cheaper and easier the earlier you catch them.

Start your company on the right foot

$2,750 fixed fee, including GST and the ASIC fee. Talk to a registered tax agent before you register, based in Wheelers Hill and working with business owners across Melbourne and Victoria.

Reference sources

General information only. This page is not legal or financial advice and does not consider your specific circumstances. Page reviewed October 2026.

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