On 11/05/2010, at 12:57 PM, Joshua Partogi wrote:
Related to this topic, to start a startup business in Australia, what
do we need from legal perspective? Do we only need an ABN? Is there
anything else that we need? Also, is there anything like LLC here in
Australia?
All you *need* is an ABN, but you're highly recommended to get a Pty/
Ltd company.
Especially if there's more than one owner; partnership laws are
draconian compared
to corporations law (i.e. your partner could bankrupt you or land you
in jail).
You can register a P/L company in a few minutes on the gov't website
for a minimal
cost, but expect the accounting costs to be circa $1K/year.
Clifford Heath.
Kind regards,
Joshua
On Tue, May 11, 2010 at 8:25 AM, Jason Kotchoff
<[email protected]> wrote:
Hey, thought there might be a few rails peeps out there who would
find
this interesting - I just got an article up at:
http://www.ipitch.com.au/public/articles/bootstrapping-a-startup-for-under-1000-technology-cloud-hosting-sweat-equity/
and it talks a little about some pros and cons of doing your own
thing
(as opposed to taking a paid gig).
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