Your Company's Registered Office

September 12, 2022

 

Your Company's Registered Office

𝐘𝐨𝐮𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲’𝐬 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐎𝐟𝐟𝐢𝐜𝐞


When you start your company, ASIC advises that you will need to set up a registered office and this will be the company’s official legal address. It must be a physical address and not a PO Box. This can be different to your principal place of business, this is where the company operates the business.


It’s a great idea to use your accountant's office address as your registered office. Your accountant is experienced in dealing with lots of paperwork. When ASIC and any other legal documents are sent to your accountant they are more likely to action it quickly and prioritise when necessary.


Here are a couple of stories from my clients who didn’t use our address as their registered office:


1. A client who used their home address as their registered office - They moved a couple of years ago and never advised ASIC they had moved. A few years later, they were advised by their bank their company had been deregistered for not paying the annual ASIC fee.


2. The ATO sent legal enforcement action letters to the company’s registered office. A client had their home address as their registered office. The ATO has sent a Director’s Penalty Notice to the registered office. The client ignored the importance of the letter. Now that client has a personal debt with the ATO of almost $100k. This was their company’s debt and the situation could have been avoided.


It’s very important to keep your registered office current.



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