11/05/2026
Starting a company with others is an exciting venture, but before any operations start, it is essential to have a corporate constitution. This document outlines the internal management of your company, meaning that the corporate constitution can look different for every company.
Here are a few starting tips š
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The Corporations Act 2001 (Cth) has a ādefault constitutionā in the form of the Replaceable Rules. While itās tempting to just use these for your constitution, these may not be appropriate for your businessā unique situation.
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Your shareholders are the owners of the company. If you have a vision for the company, you might like to limit the ways that people can become shareholders, so that your direction remains uniform.
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If youāre sole director and shareholder, a different set of mandatory rules apply to you, not the Replaceable Rules!
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This content is provided for informational purposes only and does not constitute legal or financial advice. We do not make any representations as to the accuracy or currency of the information. The information provided does not take into account your specific situation. If you would like advice for your circumstances, please contact us.