b'5Establishing your business in AustraliaEstablishing an AustralianChoosing a successful business company structureMany businesses enter the Australian market byThere are a variety of business sturcutres used in incorporating a new Australian company. ThereAustralia. Each type of structure offers different are a number of practical issues that need to beadvantages and limitations depending on the size considered in this approach, including: and scale of the intended business operation. Companies doing business are required to registerThe most commonly included structures include: on the Australian Business Register (ABR) and areSole traders or practitioners issued with an Australian Business Number (ABN).Partnerships Companies must also provid identity documenhtsJoint-ventures of shareholders or additional non-reisident directors.Trust Companies must display this information on allCompaniespublic documents and negotiable instruments issuedThere are a number of other structures through by the company and at every office and place ofwhich businesses may be carried on, including business in Australia that is open and accessible tocertain widely held trusts and limited liability the public. partnerships, however such structures are complex Need an Australian resident director and publicand specialist advice is recommended to ensure the officer. objectives of the transition into the Australian market Registering a foreign company are achieved. A foreign company doing business in Australia must be registered with Australian Securities Investment Commission (ASIC). Once registered, they will receive an Australian Registered Body Number (ARBN). A local representative of the foreign company is required by ASIC with proof of identity for shareholders and directors. A local agent can be responsible for the lodgement of documents if required.'