Set-up Sole Trader
How to start Sole Trader Business
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.