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    business808080
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    I’m trying to work out the approximate cost of purchasing and administrating a company. The company will act as a holding company, making various investments and receiving income from those various investments, as well as absorbing the cost of researching and administering those investments (renting a small office, some travel, education etc) and paying me a salary. Id like to do it myself, or at least learn what is required, and Im looking at the Schedules of corporations fees on the ASIC website but its quite confusing. http://www.asic.gov.au/asic/asic.nsf/byheadline/Schedules+of+corporations+fees?openDocument

    Assuming I go through ASIC and do it myself, Ive deduced there is a $444 fee to start a company, but there seems to be many other fees that I am unsure apply to me? I assume there would be a costly annual fee, but it says that “On lodging a report under section 320” there is “no fee”?

    Also, If I were to go to an accountant, how much would I expect to pay for my company and its annual administration?

    #1162326
    Greg Mawer
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    Are you sure a company is the best structure?

    Are you aware that the 50% Capital Gain Tax discount for assets held greater than 12 months does not apply to companies?

    http://www.ato.gov.au/General/Capital-gains-tax/Working-out-your-capital-gain-or-loss/Working-out-your-capital-gain/

    Will your office meet the Registered Office requirements from ASIC?

    http://arw.clientcommunity.com.au/304/4376.html?SUB=13009

    There are many other factors to review when considering an entity structure for business or investment purposes.

    An accountant will of course cost more than doing things yourself, but you will save significantly more in the long run.

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