Partnership setup for Australian businesses

A named person on our team owns your file and reviews everything that leaves it. Software does a real share of the grinding underneath it — coding, matching, flagging the obvious gaps — but nothing regulated happens without a person’s judgement, and nothing here is signed or filed by an algorithm.

CapEasy prepares registrations and a first-pass agreement skeleton; substantive partnership terms are finalised by an Australian professional.

Whatever you already run. Most commonly QuickBooks, Xero, NetSuite, Sage, Zoho Books and a handful of others — we work inside your system rather than moving you onto one of our own.

A short, free read-only look at what you already have, and a written note on what we found. A scoping call decides the size of the engagement — nothing here commits you to anything.

There is no published price for partnership setup — it depends on volume, how many entities are involved, and how far behind the books are. We quote after the read-only review, which is free.

Partnership setup sits inside company formation, alongside Pty Ltd company registration, Australian subsidiary of an Indian company, Sole trader setup. Most clients end up buying the category as a whole rather than one leaf at a time, but starting narrow is fine.

No — a partnership isn't a registered entity, so there's no certificate of registration. What you get is a partnership ABN and TFN, and a written partnership agreement is the document that actually stands in as proof of the arrangement for banks and other counterparties.

No, it's strongly recommended but not mandatory. Without one, the default rules in your state's Partnership Act apply automatically — including equal profit sharing regardless of what each partner actually put in. Most disputes trace back to a partnership that skipped the agreement.

We build a first-pass skeleton from the facts you give us — profit split, capital contributions, decision-making, exit terms — and an Australian legal practitioner reviews and finalises the substantive terms. Drafting the bespoke clauses that actually bind you is their work, not ours.

Because the partnership lodges its own annual partnership tax return declaring income and how it was split, even though it isn't itself a taxpaying entity. Each partner then reports their share on their individual return. The partnership TFN is what the return gets lodged against.

Only if you trade under a name other than the partners' own legal names. Trading as 'Smith and Nguyen' needs no separate registration; trading as anything else does, via ASIC, at $47 for one year or $108 for three.

Once the partnership's combined turnover exceeds $75,000 a year, registration is compulsory. Below that threshold it's optional. We flag the threshold against your expected turnover at setup so it's a planned registration rather than a missed one.

What happens depends entirely on what your partnership agreement says — that's exactly why the exit and dissolution terms matter as much as the profit split. Without an agreement, the default state Partnership Act rules apply, and they don't include a built-in buyout mechanism.

No — CapEasy holds no TPB (Tax Practitioners Board) tax agent registration. We prepare the registration paperwork; lodging the partnership's annual return and advising on its content is a registered tax agent's work.

Each partner's individual details, the business activity (for the ANZSIC code), the physical and postal address, and whether you're trading under the partners' own names or a separate business name that needs its own registration.

Yes — a partnership agreement only binds the people who sign it. We build the skeleton to name every partner explicitly so the legal practitioner's final version has no ambiguity about who the terms apply to.

No — a partnership is a direct relationship between the partners with no separate legal entity in between, unlike a Pty Ltd where shareholders own shares in a company that itself holds the business. If liability protection matters more than the partnership structure's simplicity, that's a company-formation conversation, not a partnership one.