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.

International personal finance plc — financial analysis review—aarkstore enterprise

International Personal Finance plc — Financial Analysis Review—Aarkstore Enterprise

Summary
International Personal Finance plc (IPF) is a bank which is engaged in home credit business and operates as a non-bank financial institution. The principal activity of IPF which is conducted through its subsidiaries is provision of home credit. The company provides consumer credit including small and unsecured cash loans primarily to female, who are employed or run small businesses through agents. The company operates in seven markets, namely, Poland, the Czech Republic, Hungary, Slovakia, Mexico, Russia and Romania. Moreover, the company has extended its services to cover Puebla and the Guadalajara region. The company is headquartered in Leeds in the UK.
International Personal Finance plc — Financial Analysis Review is an in-depth business, financial analysis of International Personal Finance plc. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed financial ratios of the company

Scope

— Provides key company information for business intelligence needs
The report contains critical company information – business structure and operations, the company history, major products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries.
— The report provides detailed financial ratios for the past five years as well as interim ratios for the last four quarters.
— Financial ratios include profitability, margins and returns, liquidity and leverage, financial position and efficiency ratios.
Reasons to buy

— A quick “one-stop-shop” to understand the company.
— Enhance business/sales activities by understanding customers’ businesses better.
— Get detailed information and financial analysis on companies operating in your industry.
— Identify prospective partners and suppliers – with key data on their businesses and locations.
— Compare your company’s financial trends with those of your peers / competitors.
— Scout for potential acquisition targets, with detailed insight into the companies’ financial and operational performance.

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How to improve structural steel shop drawings process

How to Improve Structural Steel Shop Drawings Process?

Structural steel system design involve people from various disciplines – right from architect, structural engineer to steel detailer, fabricator and erection team. Each participant hold different point of view regarding the use of shop drawings and share different liabilities in the whole process. The shop drawings review process usually involves examination of participants who perform various actions.

The Fabricator closely observes each action associated with steelwork in order to decide further proceedings with the shop drawings. The Architect or EOR may approve, ask for revision and resubmission or completely reject shop drawings after having them reviewed.

Major challenges while preparing precision shop drawings are:

  • Incomplete contract documents
  • Structural members are missing in plan or elevation
  • Specific details pertaining to the project is not furnished
  • Design drawings and Specifications are in disagreement
  • Structural drawings are not matched with mechanical or architectural drawings
  • Structural dimensions do not close in the drawings
  • Sequencing or connection requirements are not defined
  • Non-compliance with industry codes for production of drawings

Recommendations to enhance structural shop drawing process

  • Complete contract documents are required
  • Engineers and architects should be aware of specific regional and industry standards (such as AISC, CISC, BS codes, etc.) for buildings and bridges
  • Specifications must be supplied with the bid drawings
  • Bid drawings must be matched with the design drawings
  • The EOR must comply and use the AISC Code whenever appropriate
  • Complete details should be provided in the structural drawings
  • The position and magnitude of uncommon loads should be supplied to joist provider
  • Connections should be rendered flexible. Such as shear tabs vs. single angles, welded vs. bolted, etc

For any queries related to Structural shop drawings or shop drawings review email us at info@structuralcaddservices.com

Visit us at http://www.structuralcaddservices.com/shop-drawings.php for more information.

Inspirational plumber aims to encourage others

Inspirational Plumber Aims to Encourage Others

A female plumber is hoping her success at a national awards show will encourage more women to take plumbing courses.

Natasha McDonald was honoured as England’s top learner at the National Vocational Qualifications awards this June after she was nominated by her tutors due to her inspiring qualities.

Ms McDonald’s tutors at the College of Haringey, Enfield and North East London put her name forward for the award after they were impressed by the way she has acted as a role model for other women looking to enter the construction industry.

The London plumber was praised for her inspirational talks at job fairs in which she encouraged prospective students to take plumbing courses due to the rewarding nature of working in the construction sector.

Ms McDonald, who works for Homes for Haringey, revealed that she was happy to receive the prestigious award because she enjoyed great job satisfaction while working as a plumber.

She said: «It was a shock to be announced overall winner, I’m delighted. I love plumbing and fixing blockages in people’s homes.»

«I’ve studied and work hard so it is really rewarding to get recognised for the work I do. I am also passionate about encouraging other women to enter the construction industry.

Natasha’s achievement will hopefully demonstrate to women that a female can succeed in the stereotypically male dominated construction industry.

«I have been to job fairs on behalf of Homes for Haringey and spoken at Haringey’s International Women’s Day. This has helped me to connect with females who are thinking of a career in construction and offer my advice,» she added.

Lord Baker of Dorking and television personality Arlene Phillips were on hand to present Ms McDonald with a certificate of recognition and a plaque at the ceremony at Royal Horticulture Halls in London.

The annual event celebrates the successes of vocational students from around the country with the VQ Learner of the Year Awards.

Two regional winners from England, one aged under 24 and one aged 25 and over were presented with the top award.

People wishing to follow in Ms McDonald’s footsteps should be aware that the required foundation plumbing courses for beginners is the City & Guilds NVQ 6129 level 2, which allows progression onto the NVQ level 3.

It is essential for potential plumbers to complete both these plumbing courses in order to become fully qualified and work within the industry.

Students should be wary of crash plumbing courses which promise to teach the skills to become a fully qualified plumber in a short period of time.

How to choose the best accounting firm

How to Choose the Best Accounting Firm

Accounting is one of the most important functions for a profitable business. This is one of the most tedious and time consuming job and demands high accuracy and precision. All organizations and business houses have a specialized accounting department to maintain their accounts books. But sometimes due to unavailability of trained accountants or in times of a doomed economy people prefer accounting outsourcing or hiring an accounting firm to manage their accounts.

There are many accounting firms present that cover all the important accounting areas like budget, taxation, accounting charts, data entry, inventory, finance management, bookkeeping, data security and archiving, payroll records and management, journal records and more. Therefore the big obvious question is how to choose the best accounting firm for your business.

While choosing the accounting firm for your business choose the one that best suits your business requirements. As it is all businesses are different and so are the needs. It is not necessary that an accounting firm that was a big hit with a type of business will be successful for you too. Therefore it is very important to choose the accounting firm that deals with your type of business.

As it is said size thus matters, which also holds true in selecting the accounting firm. It is important that the accounting firm you choose is able to cope with your business and give you best possible service. To simplify this point, if you are a huge multi national organization a small regional accountancy firm will never give you the expected results and similarly if you have a small business with small turnover an international accountancy will probably not be able to give you the results.

Other important factor to consider is that the accounting firm you choose should be able to serve you as your business grows. It is always not possible to hire different accounting firms as your business grows and hence this is crucial. For this select a firm that has clients larger than you.

Also study the accounting firm well before hiring and check the record of accomplishment for the firm. Don’t take any hasty decision as it ruin your business prospects completely. Conduct good market research and compare the reviews posted by previous customers. This will give you an insight into the factual information about the outsourcing firm and its efficiency in performing accounting work.

If you are interested to know more about Accounting Services Japan, please search our site for more in-depth information and resources.