This is the
cheapest option to set-up and the easiest to administer.
Decide
whether to trade under your own name or a business name. You will have to apply
and register business name with the Consumer Affairs.
Apply for
ABN - As a sole trader, if you carry on an enterprise in Australia, you must
apply for an ABN for your business and use this number for all your business
dealings.
GST Registration - You can apply for registration on the ABN
application form. You must be registered for GST if your annual GST turnover is
$75,000 or more.
JH Business Services & Taxation Accounting | Business Advisory | Taxation Specialist in small to medium business & personal taxation
Norwest Office
Suite 205 29-31 Lexington Drive Bella Vista NSW 2153