How many shares do i need to register a company

How Many Shares Do I Need to Register a Company?

Australia ranks No. 3 among 181 economies for «ease of starting a business» according to a summary of a study entitled, «Doing Business 2009».

Indeed, it is relatively easy for anyone to set up a new company in Australia. Registration can be completed online and in as early as one day. Other business requirements such as business name registration and goods and services tax registration may also be completed online.

Existing corporation laws make it possible to register a company quickly. Unlike most countries, Australian law does not require a new company to have a constitution or a set of articles for its incorporation. Corporate seals for Australian companies are also optional now.

In other countries, regulatory agencies usually require incorporators of new companies to come up with a minimum amount to support an application for registration. This amount is divided into shares and must be verified by means of a bank certificate stating that the minimum paid-up capital is in deposit.

In Australia, however, this is not the case. Australian start-up businesses are not unduly burdened by strict minimum capital requirements.

Australian corporation law does not specify how many shares a proprietary company must have nor how many shares each shareholder must own or hold in his name. The only requirement is for a proprietary company to have at least one shareholder.

In the Form 201 to be submitted to the Australian Securities and Investments Commission, the applicant for company registration must also include a list of its shareholders and their respective shareholdings. A breakdown of the amounts paid and owed from each shareholder must also be indicated. There may be no minimum amounts required, but it is a practical measure for you to raise an amount that is sufficient for your company’s operations.

Once your shareholdings and those of your other shareholders are stated in the registration form, the same shall form part of your company’s details. Any changes therein will have to be reported within twenty-eight (28) days under pain of penalty. Furthermore, since your liability for your company’s obligations is limited by the value of your shares, you will have to keep all information about the status of your shareholdings current.

Another point to consider is how much capital you should be able to show to prospective business contacts. It is a fact that new clients normally consider the shareholder base of a company in assessing its stability. Meager capital resources may put your company at a disadvantage. Other companies also maintain minimum standards when dealing with new companies. They may consider capital size as a prerequisite for entering into business contracts with you.

Determining just how many shares should be issued and how much capital should be infused is a business decision for you to make. The right value should be an amount that is realistic to your shareholders, sufficient for your operations and acceptable to your clients.

This information will vary from country to country so make sure you research your local regions regulatory body before starting your company.

Know about insolvency and liquidation services

Know about Insolvency and Liquidation services

Any business is started with the aim to make profit from its commercial activities but sometimes a business house fails to meet its monetary commitments due to the mishandling of financial means and lands into deep problems. All the commercial activities become stagnant without the proper provision of finance. Apart from the mishandling of finance, there are other reasons responsible for the failure of the operation and one of them could be not getting the settlement from the debtors. The company has diverse obligations to run its operation successfully by paying salaries to the staff, paying to their suppliers and paying for the services obtained from the various sources. But due to the constant financial shortage leads them to declare their total inability to pay anything and as a result the huge debts piles up to be settled. The situation comes to a point where the owners of the company don’t see any other alternative then to declare insolvency and the role of insolvency practitioner starts from this point. There are many insolvency practitioners offering diverse types of insolvency services and Leviconsulting.com are one of the most reputed and trustworthy name in the field of offering insolvency service. They are well connected with all the courts and familiar with the complete legal activities. Their approach is simple and positive result oriented. Their professional team is consisting of expert lawyers and accountants who are specially trained to find out the exact cause of the failure of the company. First of all they investigate through the auditing the accounts books and other financial transaction and come to a right conclusion. If the insolvency is to be declared due a huge unsettled financial recovery from the debtors then they would put their best efforts to call an urgent meeting of all the debtors on behalf of the client and ask them to settle the due payment at earliest explain them the present financial condition of their client. Once they agree to pay within certain time limit then the insolvency practitioner would contact all the suppliers, explain them the situation and request them not take any harsh legal action or stiff follow up and assures them of the settlement of their outstanding. Thus the insolvency practitioner becomes the bridge between the customers and their creditors. The main task of any reputed insolvency practitioner is to save their client declaring the insolvency as once the insolvency is declared legally; it would be very difficult for a business house to restore their reputation again into the market. Even the plead the case in the court asking for some tax relief for their client till the client acquire the healthy financial position again.

How to start your own successful ebay business

How to Start Your Own Successful Ebay Business

Ever since I was little I always wondered what I would be doing in my future. There were tons of opportunity out there for me and I usually couldn’t decide on what I want to be more a doctor or lawyer. But you always don’t have to look to far when you are trying to come up with a career. One day I was on the internet buying some things from eBay and then all of a sudden a light bulb went off. Why not start my very own eBay business. So I decided that I would start my own business but I needed some rocks to be my foundation for my business. The three rocks are having my finances in check, have a great customer service, and make smart decisions.

The first rock that is going to be my foundation for starting my own business on eBay is to have my finances in check because if you do not keep great tabs on your finances then you are going to be in a whole heap of trouble. You want to make sure that you have money every time that you have to order you new shipment in. Also you want to make sure that you put some money aside for when you have to ship the products to the customers. Another thing that it would be a smart idea to have in line is have some money put away for just in case of an emergency because you don’t want to wind up in a bind and not have the money to get yourself out of it. The financial parts of businesses are pretty much what will make them or what will break them.

The second rock that is going to be my foundation for starting my own business on eBay is to have a great customer service because this is the key to having a booming company. If the customer is not happy then there is no money coming into your eBay business. Also make sure that you customer is going to receive the products that they have bought in a timely manner because if they receive their products late then they will probably leave you bad comments on your eBay account then other customers will see that and you will not have any business.

The third rock that is going to be my foundation for starting my own business on eBay is to make smart decisions because most of the big decisions that you are going to have to make will either make or break the company. Some of the big decisions that you will have to make are what type of product that you want to carry; also who is going to be the supplier that you are going to order your product from, and finally you are going to have to also decide what price you want to sell the products for.

Those are the rocks that are going to be my foundation for starting my own eBay business. Now you guys get started on your own business.

India upstream oil & gas fiscal regime: 2010-aarkstore enterprise

India Upstream Oil & Gas Fiscal Regime: 2010-Aarkstore Enterprise

Summary

India upstream oil and gas fiscal regime report is an essential source for information related to the upstream fiscal system enacted in India’s oil and gas industry. This report contains information related to various types of payments that are to be made by any oil and gas producing company to the host government. The report provides the most recent laws and tax policies in the country. Each fiscal report is supported by a fully editable and interactive Excel model, where all the fiscal terms are applied on a hypothetical base asset. This interactive Excel model, with the latest fiscal term information, is the most appropriate tool to evaluate the profitability of operating oil and gas fields under the country’s fiscal environment.

Scope

— The report provides detailed information on governing laws, licensing authorities, type of contracts and licensing information in country’s upstream oil and gas industry.
— The report provides information on the latest fiscal terms applicable in the country’s upstream industry. These range from exploration obligations, relinquishments to royalties and taxes.
— Deductions, depreciation and amortization related information is also covered in the report.
— Covers sample cash flows and the methodology to apply a fiscal system on an oil and gas field in the country.
— Base asset valuation with government take, contractor take, gross revenue split is provided in the report.
— Sample asset NPV sensitivities to discount rates are also provided in the report.
— Interactive Excel models can be used to derive valuations, sensitivities and cash flows based on the custom inputs by the user in the model. These custom inputs vary from field production data, cost information, price information and fiscal terms information.

Reasons to buy

— The report provides a detailed scenario of upstream oil and gas laws and their impact on the cash flows.
— The report will allow you to value a prospective investment target through a comprehensive and real-time fiscal analysis and focused methodologies.
— The report with interactive model will enhance your decision making capability in a more rapid and time sensitive manner
— Decide on market entry strategies in specific markets and understand the impact a country’s fiscal policies on your future assets.»

For more information please visit:

http://www.aarkstore.com/reports/India-Upstream-Oil-Gas-Fiscal-Regime-2010-38394.html

OR

Aarkstore Enterprise
Mobile : +919272852585
Fax : +912224169996
Email : press@aarkstore.com
Website : http://www.aarkstore.com

It

It

There are suitable bookkeeping software solutions for businesses of all sizes. In today’s competitive environment, a business needs the accuracy and efficiency that this software introduces to its operation. Business owners can easily find bookkeeping software solutions that can be tailored for a business of practically any size. Once a bookkeeping software system is installed you’ll wonder how you every operated without the key tools it provides for your daily operations. Use your personal computer to perform many of the tedious, everyday tasks associated with your business. Tracking customers, performing inventory audits, billing, accounts payable and receivable and payroll are just a few of the routine tasks you can leave to this software. Your new software doesn’t make tax time a slam dunk, but it alleviates much of the pain. In the past few years, bookkeeping software has become much more user friendly, with interfaces simplified to a degree that training’s been reduced to days rather than weeks and months. Large and small operations should have little to fear in moving their bookkeeping to computers. Modern software makes it quick and nearly painless. Once the relative heavy-lifting of the transition is complete, maintenance of the fiscal aspects of your business will routinely require only a short period of the day; and your financial house will remain ship shape throughout the year. One of the features that all top-of-the-line software packages should offer is complete installation and operation documentation. Additionally, most of the software developers provide nearly 24/7 support by phone, email or online chat systems. Every popular computer platform and operating system is supported by bookkeeping software. Some even run on the increasingly popular Linux operating system. A business needs to take an orderly approach to selecting the bookkeeping software package that best suits their business and the accounting method they intend to use. One of your first steps is to decide what are your most important bookkeeping and financial needs. In some cases it might be inventory control, another operation might require extensive job tracking control, or strong accounts receivable tracking. An important software selection step is prioritizing the requirements of your business. A search for bookkeeping software on the Internet reveals a multitude of options. At the top there will be multiple links to well-known names as Quickbooks, Peachtree and Microsoft Money. All are first rate packages, but a business doesn’t necessarily need to limit their search to these monsters of the bookkeeping market. Be careful not to be blinded by all the attention the most popular software vendors get, also consider solutions from companies like Pastel Accounting Software, Sage Bookkeeping Software, Timberline Accounting Software, Accpac Accounting Software, and Lawson Accounting Software.You can Google these names for additional information.