Company Registration Certificates

Have you undergone the steps of registering your company and need more information on Company Registration Certificates? Company Registration Certificates are central to a company’s existence as they prove the business is properly recognised under ASIC. This article will dive deeper into everything you need to know about Company Registration Certificates. 

What is a Company Registration Certificate?

A Company Registration Certificate is a legal document issued by the Australian Securities & Investments Commission (ASIC). The company registration certificate confirms the company has been formally registered with ASIC. The Corporations Act 2001 provides that a company registration certificate should be provided when registering a company.

Key Components of a Company Registration Certificate

The Company Registration Certificate includes various details about the company:

• The company name.
• The Australian Company Number (ACN).
• The type of company.
• The date of commencement in which the company has been registered.

When Will You Receive Your Company Registration Certificate?

In order to apply for a CRC you must undergo steps regarding the incorporation process which involves various costs and steps. May take a few days to a few weeks as the registration process is specific to the application and type of business. Lawpath offers a service that registers your business for you and can speed up the registration process. 

Places and Scenarios Where You’ll Need to Present Your Certificate

There are certain circumstances where you will need to present you company registration certificate. Such include:

Banks & Financial Institutions

When applying for loans or credit from a bank, a company’s certificate of registration is required to be provided to prove the lawfulness of the business.

When Applying for Licences

You may be required to provide a company registration certificate in order to attain various licences such as those encompassed under debt collection and industry specific licences.

When Engaging With Stakeholders

Providing a Company Registration Certificate to stakeholders such as shareholders, supplies and clients reinforce the legal validity of the business. Providing the certificate to various stakeholders establishes how the company is permitted to operate in such manners. 

Financial and Taxation Purposes

Taxes such as the Goods and Services Tax (GST) that are charged by businesses require them to provide a Company Registration Certificate to governmental bodies.

Storing Your Company Registration Certificate: Best Practices and Legal Requirements & Replacement of a Lost Certificate

It is a legal requirement to update company details in regards to all aspects of the business. In relation to the Company Registration Certificate, it is important to store the document in a safe space as it is a legal requirement to provide the document in some circumstances. If you have lost your Company Registration Certificate, it is recommended to contact ASIC or the organisation you used to register your company with. Lawpath alleviates the stress of business owners by keeping important business documents on file through a virtual office.

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How to Verify the Authenticity of a Company Registration Certificate

If you are questioning the legitimacy of a business’s Company Registration Certificate, it is best to contact ASIC for confirmation. ASIC has a sample of a Company Registration Certificate alongside a service to search if a business is registered with ASIC.

Conclusion

Overall, the Company Registration Certificate is an important document which ensures your company is properly registered. The document includes key pieces of information such as the date of registration, Australian Company Number (ACN) and the company’s structure. Furthermore, it is important to have a Company Registration Certificate for licensing and taxation purposes. Lawpath offers various services which can maintain and manage any document applications and storage to alleviate your workload.