A common purpose for a proprietary limited company is to be the trustee of a self managed super fund. Such a company requires a constitution with a clause prohibiting the distribution of income or property to its members.
ASIC allows specifying the special purpose when registering a company which entitles it to a much lower annual fee of $43.
eCompanies supports specifying that the sole purpose of a new company is to be the trustee of a self managed super fund during the company registration process, and also provides compliant documentation including:
eCompanies provide this at the same standard fee of $513 as our normal company registration.
I was scratching my head trying to understand the the application form ASIC has supplied me when I stumbled upon ecompanies. Not only was my company registered in a couple of minutes, but it saved me having to arrange a time to go and lodge the company application form at the register office.
Cannot believe how simple and easy it was! Thank you so much, no stress and no fuss!Dave Hooper, BLINK FINANCE PTY. LTD.