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Corporate Law

Working With You to Meet Your Company’s Obligations

Managing a company involves more than daily operations. Obligations of a corporation include such things as director duties, shareholder management, business structures, and ASIC compliance, which must be handled carefully to avoid unnecessary risk.

At Citilawyers, we advise companies and help them to understand and apply the rules set out in the Corporations Act 2001. We support directors, shareholders, and business owners in making informed decisions that protect long-term growth.

 

What Is Corporate Law?

Corporate law refers to the legal framework governing how companies are created, managed and regulated in Australia. These rules come primarily from the Corporations Act 2001, which sets out:

  • how law corporations are formed and operated
  • the responsibilities of directors
  • the rights of shareholders
  • reporting and compliance requirements for ASIC

It ensures companies operate transparently, responsibly, and in line with statutory obligations.

Common Corporate Law Issues

1. Choosing the Right Business Structure

A company’s structure affects tax, liability, growth potential, and investor readiness. Many businesses seek advice when:

  • receiving conflicting recommendations at the start
  • finding their current structure no longer suitable
  • preparing for investment rounds
  • wanting to reduce exposure to personal liability

Our corporate lawyers advise on suitable structures and advise on company formation and registration in line with the Corporations Act 2001, and drafting of shareholder agreements.

2. Shareholder Agreements

Shareholder disagreements can halt decision-making and affect company stability. Common issues include:

  • disagreements over key business decisions
  • concerns about fairness between shareholders
  • uncertainty around exits, transfers or buyouts
  • unclear or outdated shareholder agreements

A well-drafted shareholder agreement reduces the risk of disputes by setting out rights, responsibilities, valuation methods, voting rules, and processes for share transfers.
We draft agreements tailored to each company’s structure, stage of growth, and commercial needs.
We also assist with constitutions; explain your rights under the Corporations Act, and assist with negotiation, mediation, and, if needed, formal dispute resolution.

1. Choosing the Right Business Structure

A company’s structure affects tax, liability, growth potential, and investor readiness. Many businesses seek advice when:

  • receiving conflicting recommendations at the start
  • finding their current structure no longer suitable
  • preparing for investment rounds
  • wanting to reduce exposure to personal liability

Our corporate lawyers advise on suitable structures and advise on company formation and registration in line with the Corporations Act 2001, and drafting of shareholder agreements.

2. Shareholder Agreements

Shareholder disagreements can halt decision-making and affect company stability. Common issues include:

  • disagreements over key business decisions
  • concerns about fairness between shareholders
  • uncertainty around exits, transfers or buyouts
  • unclear or outdated shareholder agreements

A well-drafted shareholder agreement reduces the risk of disputes by setting out rights, responsibilities, valuation methods, voting rules, and processes for share transfers.
We draft agreements tailored to each company’s structure, stage of growth, and commercial needs.
We also assist with constitutions; explain your rights under the Corporations Act, and assist with negotiation, mediation, and, if needed, formal dispute resolution.

3. Understanding Director Duties

Directors must act with care, diligence and good faith, while avoiding conflicts of interest. Breaches can result in personal liability, penalties or disqualification.

Directors often seek advice when:

  • they are unsure of their duties
  • they are concerned about board decisions
  • they want to improve practices
  • they receive inquiries from ASIC

We provide clear explanations of  obligations and help establish sound procedures.

4. ASIC Compliance and Reporting

Companies must update ASIC with changes and meet ongoing filing requirements. Many busy directors and business owners find this difficult to manage. 

Common concerns include: 

  • uncertainty about lodgement deadlines
  • penalty notices for late filings
  • difficulty keeping records organised

We assist with maintaining ASIC records, preparing lodgements, and ensuring compliance is consistently met. 

5. Company Restructuring or Updating Governance Documents

As a company grows, its structure may need to be updated, whether to admit new investors, issue new share classes, prepare for a sale, or modernise constitutional documents. 

Our corporate law solicitors assist with: 

  • constitutional updates
  • restructuring under the Corporations Act 2001
  • share structure changes
  • ensuring all ASIC requirements are met
A realistic, high-end photograph of a lawyer's hands organizing metallic cubes on a corporate structure diagram, emphasizing corporate law and strategic business protection. The scene is set on a dark wood desk in a Sydney office at night, featuring a "Constitutional Update" document, a fountain pen, and a legal seal under the warm glow of a desk lamp. No faces are visible.

5. Company Restructuring or Updating Governance Documents

As a company grows, its structure may need to be updated, whether to admit new investors, issue new share classes, prepare for a sale, or modernise constitutional documents. 

Our corporate law solicitors assist with: 

  • constitutional updates
  • restructuring under the Corporations Act 2001
  • share structure changes
  • ensuring all ASIC requirements are met
A realistic, high-end photograph of a lawyer's hands organizing metallic cubes on a corporate structure diagram, emphasizing corporate law and strategic business protection. The scene is set on a dark wood desk in a Sydney office at night, featuring a "Constitutional Update" document, a fountain pen, and a legal seal under the warm glow of a desk lamp. No faces are visible.

Our Corporate
Law Services

  • Business Structure & Company Formation: We provide guidance and establish your business in line with the requirements of the Corporations Act 2001.
  • Shareholder Agreements & Disputes: We are involved in law corporations in drafting and reviewing shareholder agreements and resolving issues.
  • Director Duties & Governance: Supporting directors to realise their obligations and handle the risks.
  • Taking care of documents, filing, and correspondence with ASIC is referred to as compliance with ASIC.
  • Handling constitutional amendments, new share classes, and reorganisations.
  • Preparing constitutions, board charters, and compliance policies.

Why Choose Us as Your Commercial Law Firm

At Citilawyers, your needs come first. Here's what to expect:
  • Clear guidanceWe explain the Corporations Act 2001 in practical terms.
  • Tailored adviceEvery company’s goals differ, and our advice will reflect that.
  • Reduced administrative burdenWe help manage filings and compliance so you can focus on operations.
  • Preventative approachStrong governance and clear agreements help avoid disputes before they arise.

Speak With a Corporate Law Lawyer Today

Whether you need help with shareholder issues, governance, business structuring or ASIC compliance, our corporate law team can assist.

Schedule Your Consultation