Company Formations - Types:
CNL Formation Founder Formation
Company Name Nominated by Client Nominated by Client
ASIC Applicant Client Client
First Directors CNL nominees (always resign on transfer) Client nominees (resign on transfer if required)
First ShareHolders CNL nominees (always redeemed on transfer) Client nominees (redeemed on transfer if required)
Constitution The constitution is designed to be easily modified as required. Your modifications can be saved for future use. The constitution is designed to be easily modified as required. Your modifications can be saved for future use.
Share Classes Classes and/or Rights can be added, deleted or modified as required. Your modifications can be saved for future use. Classes and/or Rights can be added, deleted or modified as required. Your modifications can be saved for future use.

Note 1:  "Founder Formations" are the type recommended by CNL. This method allows accountants and solicitors to minimise the formal involvement of CNL in their client's records, and it allows the client to be recorded as having played an important role at the registration stage.

Note 2: What is commonly called a "shelf company", that is, a pre-formed company with a meaningless name, is now rarely used because there is no longer any delay in forming a company "to order".