Choose the shareholders
Shareholders own the shares in the company and may be people or companies. Shareholders are also known as 'members'. Shareholders are legally obliged to pay the company the agreed amount of each share.
You need to obtain written consent from each shareholder about the number of shares they agree to take up and the amount to be paid to the company. This must be kept with your company records. ABNAustralia.com.au includes member consent templates as standard with our company registration package.
You are also required to create a register of shareholders. This register must record:
- the name and address of each shareholder
- the date the shareholder's name was added to the register, and
- the specific details of the shares held by each shareholder.
ABNAustralia.com.au includes a register of shareholders as standard with our company registration package.