Eternity Group

Business services — Implementation

Business Structuring Implementation

You have decided the structure — now we set it up. Company and trust registration, ABN, TFN, GST and PAYG, corporate-trustee set-up, banking and software, and a clean handover, with the legal documents coordinated through a solicitor. The execution step after the decision is made.

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  • Company registration
  • Trust establishment
  • ABN / TFN / GST
  • Corporate trustee
  • Xero & banking set-up

Eternity Group Accountants provides business advisory and BAS services as a registered tax agent (TPB 25523469). Information on this page is general in nature and does not take into account your specific business circumstances. Engagement scope, fees and deliverables are confirmed in a written engagement letter before work begins.

Where this starts

The step after the decision is made.

Implementation is not where you choose a structure — it is where the chosen structure is built. This page assumes the decision is settled; if it is not yet, that is a different conversation.

Choosing a business structure and setting one up are two different pieces of work. The choice — sole trader, company, discretionary trust, unit trust, or a combination — is a weighing of tax, asset protection, succession, compliance cost and how a lender will read each entity. That decision is covered on our business structure advice page, and it is worth getting right before anything is registered, because unwinding the wrong structure later is rarely free.

This page is the next step. Once you know what you want, implementation is the hands-on execution: registering the entity with ASIC, coordinating the trust deed or constitution through a solicitor, completing the ABN, TFN, GST and PAYG registrations, setting up banking and the accounting file, and handing over a structure that is ready to operate. We do not re-argue the decision here — we build it correctly, in the right order, with the legal and tax pieces lined up.

Scope of work

What an implementation engagement delivers.

The end output is a registered, operating entity with documents in order, registrations complete, banking and software set up, and a clear handover of what it must do to stay compliant.

Entity registration

ASIC company · ACN · directors · shares

Where a company is involved, registration of the company name and ACN with ASIC, share issue and shareholding records, director and public-officer appointments, registered office and director identification numbers — set up correctly from the start rather than corrected later.

Trust establishment

Deed coordination · settlor · trustee

Where a trust is involved, we coordinate the signed trust deed through a solicitor or reputable deed provider, confirm the settlor and trustee arrangements, and make sure the deed terms match the structure that was decided. The binding legal document is a solicitor’s work; we keep it aligned with the tax set-up.

Corporate trustee set-up

Trustee company · sole purpose

Where the structure uses a corporate trustee, the trustee company is registered as a non-trading entity to act solely as trustee, with the share and director arrangements set so control sits where intended. Kept distinct from any trading company in the group.

Tax registrations

ABN · TFN · GST · PAYG

ABN and TFN applications for the entity, registration for GST and PAYG withholding where required, and tax agent and BAS agent linking so we can lodge for the entity. Completed in the right order so the entity can invoice and meet obligations from day one.

Banking & software

Entity bank account · Xero set-up

Guidance on opening the entity’s own bank account in the correct name, and set-up of the accounting file with the right entity details and a chart of accounts that suits the business — so the structure is operating, not just registered on paper.

Handover & obligations

Confirmations · due dates · next steps

A documented handover covering the registration confirmations, the entity details, each entity’s lodgement obligations and due dates, and what is needed to stay compliant — so nothing falls through the gap between setting up the structure and running it.

What to watch

Where implementation goes wrong.

A structure set up carelessly causes problems for years. These are the implementation issues we most often see — and design the engagement to avoid.

Legal and tax pieces done in isolation

A deed prepared without reference to the tax set-up, or registrations done before the legal documents are settled, can leave gaps and inconsistencies. The two need to be coordinated, not run on separate tracks.

Wrong order or timing

Registering for GST before the entity exists, or starting to trade before the ABN is active, creates avoidable problems. The steps have an order and timing that we follow deliberately.

A structure registered but not operating

An entity that exists on paper but has no bank account, no accounting file and no agent linking cannot actually function. A clean implementation makes the structure ready to invoice, bank and lodge from day one.

No handover of obligations

A structure handed over without a clear statement of each entity's lodgement obligations and due dates drifts into late lodgements and penalties. The handover documents exactly what each entity must do.

Process

From a settled decision to an operating structure.

A document-driven sequence with the legal and tax pieces coordinated at each step. You always know what is next and what the fixed fee covers.

Confirm the decision

We confirm the chosen structure is settled and internally consistent. Where you decided it elsewhere, we sense-check it and flag anything that does not fit before building it. The fixed fee for implementation is confirmed in writing.

Register the entities

The company is registered with ASIC, or the trust established through the deed provider, with directors, shares, trustee and registered-office details set so control sits where intended.

Coordinate the legal documents

Trust deed, constitution or shareholder agreement prepared or reviewed by a solicitor, kept aligned with the tax set-up. We coordinate; the solicitor provides the legal document and advice.

Complete tax registrations

ABN, TFN, GST and PAYG registrations as required, plus tax agent and BAS agent linking, completed in the right order so the entity can invoice and meet obligations.

Set up banking & software

Guidance on opening the entity bank account, and set-up of the accounting file with the correct details and chart of accounts, so the entity is operating rather than dormant.

Handover & ongoing

A documented handover of confirmations, obligations and due dates, then transition into ongoing compliance — annual returns, BAS and any advisory rhythm, carried by us or coordinated with your team.

Frequently asked questions

Structuring implementation — common questions.

The Business Structure Advice page is where the decision is made — weighing sole trader, company and trust against your tax, asset-protection, succession and lending position to choose the right vehicle. This page is the next step: executing that decision. Once you know what structure you want, implementation is the hands-on work of registering the entity, coordinating the legal documents, completing the tax registrations, and setting up banking and software so the structure is live and operating correctly. Many clients move straight from the advice engagement into implementation; others arrive having already decided with another adviser and just need it set up properly.

Related

Where implementation connects

Implementation sits between the structure decision and the ongoing compliance that follows. These pages cover the decision, the entity returns and the advisory rhythm over the top.