What are the important steps in creating a company?

Select one:

a. If a company is planning to issue shares, or is planning to become an unlimited company, then it must be registered by the promoter. Limited companies do not require registration as the directors and officers will be personally liable to creditors.

b. The need for a registration process for a company has been abolished under the CLERP process, as long as a business name is registered, nothing further needs to be done by the promoter of a company.

c. To register a company a person must lodge an application with ASIC which sets out the type of company to be registered, payment of fees reservation of a name and any restrictions required by a company in its constitution.

d. To register a company, a promoter must apply for permission to register a company, the government will then decide as to whether the status of public or proprietary company will be granted to that new company.