Jane, I will also ask our CEO, BB to jump in and offer his knowledge for Australia. Each country is different. In some places it is also possible to simply buy a company name that has ceased business, but it remains registered. This involves less money, and less hassle as it is already registered, so less bureaucracy and paper work. KEEP IN KND ONE THING: the world in which we live belongs to corporations. So having your business as a corporation allows you to benefit from the tax and intellectual property that only corporations benefit from, so registering your business as a corporation makes a big difference. Plus it shows professionalism, and real business to your clients and customers. In other words it shows you’re serious with a legitimate business. Real or not, true or not, this is the environment in which we live, so we need to adjust and make the most out of it. Let us know how else can we help.
