If You Have Made Changes To Your Company Then Make Sure You Read This Article

If you make any of the following changes: add a director, secretary or share holder to your company, it is imperative to contact your regulatory body in the country or region you are in (ie ASIC, Company House). This also goes for changing addresses. As part of having a business in most countries you have to keep them updated with all of your current information.

If you are the nominated secretary of your company, it is your obligation to contact the regulatory body in your area. Now depending on the size of your company, the secretary and the director may be the same person. That is okay, just keep in mind for any large changes that you have to keep your public records up to date through the regulatory body.

When you decide to add a share holder or a new partner there are other things you should keep in mind. Always consider getting expert advice from your accountant or solicitor. Of course by adding either of these two positions to your company you would need to make some agreements. Just be sure you are going into the change with your eyes wide open.

Once you have everything in place and you are at the point where it will all be official you will have to contact the regulatory body to update things. You can use the information from their website about adding people. There is a form to fill out for each person, you have to include their name, maiden name, birth city, address, and contact information. Once you have it all filled out you can mail it to the regulatory body.

The required form in Austrlia is called a 484 and it can be used for any changes in the company. You can use it to change addresses, names of officers, appointing new officeholders, or when you lose a shareholder. You can also use it to issue shares of the company, cancel shares, change the structure of the company shares, and more. If you are outside Australia just make sure you have the right form.

You will have up to 28 days after the event to lodge the form. During this time there is no charge for filing the form. After the 28 days, you will be charged $65 for it being up to 30 days late and $270 for it being more than a month late. (These figures are for Australia, check with your region if outside Australia)

If you are registered online as an officer you can fill out the form and lodge it that way. The other good thing about this is it saves the chance of delays with mail and the possibilities of incurring late fees for late lodgment.

When making changes to your company there is just one other thing to keep in mind. Everything that you needed when you first registered is still needed to continue business. That means if you had separate office holders such as the secretary and the director and the secretary steps down, you have to register yourself as the director. It is not automatically assumed by the regulatory body.

No matter what changes you make in your company it is important to make sure they are legal as far as the ASIC goes, and as long as you are within their standards you are welcome to continue business, just keep them updated, and most of the time you can use form 484 for informational changes. Again confirm with your country to make sure you are current with your company.

Or you can use the company that registered your company to assist you in this process.

Article Source: http://www.classesandcareers.net/education

To discover how to register a company in Australia or for more articles and information on company formation & incorporation visit www.companiesnow.com.au

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