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Business Structure and Registering Your Business
Deciding on the right business structure and knowing what to register can be confusing. Luckily the government has created some helpful guides to make things a little bit easier.
The Right Business Structure.
Finding the right business structure can be confusing for first time founders. This guide by the Australian government helps you understand what the most common structures are. When you are just starting out, going the sole trader route will make things easiest and keeps it simple. Once you start growing you will most likely want to set up a company. If you are not sure about if this is the right fit for you, get expert advice, it’s important to get it right.
Registering.
Registering your business involves more than just getting your ABN set up. There are a number of steps you need to take to ensure you are set up properly. You can do this yourself with the help of this handy guide that runs you through everything you need to register. If this is confusing, don’t hesitate to get expert advice!
Both our friends at Luna and OneLedger can help you out with this, let them know we sent you 🙂