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Setting up a buisness


Guest jase2482

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Guest jase2482

Hi,

Does anyone know how or the route you take to set up a business in Australia. Also is it possible to set the business up before we arrive. If you can give me any info i would really appreciate it.

 

Thanks

 

Jason

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Guest The Ropey HOFF

I don't know the answer to this, but i have replied to put it to the front, so hopefully someone will reply.

 

All the best.

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Guest gemfromoz

Hiya Jase,

 

Sorry, I was going to reply earlier but had hoped someone else would come on with their more personalised advice.

 

I had a business in Oz (online membership club), it was very very small.

 

Vague memory indicates the following:

You need an ABN if you register for GST. The threshold changes but I think its approx 50K a year turnover. Sometimes its good just to have this as most companies will ask for it/expect it anyway. Its free.

http://www.business.gov.au/BusinessTopics/Registrationandlicences/Registerfortaxation/Pages/RegisterforanAustralianBusinessNumber(ABN).aspx

 

You will also need to register a trading name (although I think you can avoid this if you are a sole trader). A sole trader is someone doing contract work, for instance, getting paid without the "employer" taking tax out. Sole traders are responsible for their tax, insurance etc liabilities.

http://www.business.gov.au/BusinessTopics/Registrationandlicences/Registeryourbusinessorcompany/Pages/Registeryourbusinessname.aspx

 

You will also need an accountant (obviously).

 

You may find this website useful:

http://www.business.gov.au/Pages/default.aspx

 

Hope this helps, but sorry I can't help as I have never done it overseas.

 

Gem

 

P.s this page tells you what you need to complete an ABN application:

http://help.abr.gov.au/content.asp?sid=42&doc=/Content/16969.htm&usertype=BC

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