Choosing your business entity
There are several different business structures for you to choose from. Your choice will be influenced by factors such as:
- the nature of your business
- the size of your business
- the risk associated with your business
- setup and ongoing costs
- tax issues
- degree of control required
We recommend that you speak to your accountant or solicitor to obtain advice as to which business structure will meet your commercial and taxation needs.
The possibilities include:
Choosing a name
Irrespective of which business structure you choose you will need a name under which to trade.
Click here to check that your name is available
Other business requirements
- Your business will need an ABN
- You may need to register for GST and PAYG withholding
- You may need special licences to commence trading
- Your business will also need a TFN
Many of these requirements can be applied for online.
Click here for online business services and information
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