Sasha and Emi are two friends who met when they worked together as chefs at a famous restaurant in New York, but both have now moved to Adelaide. They have decided to set up their own restaurant which will fuse the best of the cuisines of Japan (where Emi was born) and Australia (where Sasha comes from. Each of them has come from New York with $100 000, which they want to invest in the new business.

(a) They decide that a company would be the best structure for their situation. Sasha and Emi would be the two directors. They want to reflect their own names in the business so they call it Sashemi.

Advise them what registration steps they need to take to be able to trade as a company, and with this business name