Raising Capital as a Small Business in Australia

By on 30 Apr, 2023

Funding is crucial for anew business to launch and for establishedbusinesses to grow. But how does it work? What options are available? who and where from? What are the limitations, obligations, compliances, and legal framework to observe? How to prepare for fund raising and what are the best practices? Understanding Capital Raising for Australian Private Companies Capital raising is a crucial process for any business, providing the necessary funds to fuel growth, innovation, and sustainability. For Australian private companies, navigating the complex landscape of capital raising can be challenging. This comprehensive guide will explore the various options available, the legal framework, and best practices for successfully raising capital. Capital raising refers to the process of obtaining funds to finance business operations, typically through equity or debt financing. Private...

Holding Company Meetings

By on 15 Jul, 2022

Holding a company meeting? Here’s what you need to know There are two types of companies under Australian law refer to s45A CORPORATIONS ACT 2001 (Cth): proprietary or private companies and public companies. The fundamental difference between them is that a proprietary company can have no more than 50 non-employee shareholders and must not engage in any fundraising activity that would require the lodgement of a prospectus. A public company may have more than 50 non-employee shareholders and is allowed to engage in fundraising activities that require the lodgement of a prospectus. Only a public company can be listed on the stock exchange (ASX). Here we are focussed on proprietary or private companies incorporated in Australia. Following are the guidelines recommended to hold a private company meeting. Directors, or Officeholders, must consult their company constitutions to ensure...