Professional Practice Company

What is a Professional Practice Company used for?

A professional practice company is a type of proprietary company that uses a special constitution for a professional industry. Castle Corporate can provide a range of professional practice companies, including (but not limited to) companies for:

  • architects
  • Certified Practising Accountants (CPAs)
  • Institute of Chartered Accountants (ICAs)
  • Law Institute of Victoria (LIV) members, and
  • many others.

What’s required?

  • All of the requirements are the same as a standard proprietary company, although there are often restrictions on the qualifications for directors.
    • One director and one shareholder (this can be the same person) – must be over 18 years of age and at least one director must ordinarily reside in Australia
    • A secretary is not required for a proprietary company but, if one is appointed, they must reside in Australia.
    • A proprietary company is limited to a maximum of 50 members. Any legal entity may hold shares in a company. This includes any person, company or incorporated association which is resident anywhere in the world.
    • We provide for nine classes of shares in all of our standard constitutions. You can view the different classes of shares here.
  • The regulations governing a profession may impose certain provisions and be included in a constitution of this type.

Why go Premium?

Our Premium package includes a folder, slipcase and specially printed constitution or deed. Clients love the modern designs that professionally house their important legal documents.

Why choose Castle Corporate

A Personal Touch

Every order is carefully reviewed by a member of our experienced team.

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Industry Experts

Our knowledge of formation, secretarial and legal services is second to none. Importantly, we share this knowledge with our clients.