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FAQs

The ABR – Australian Business Register does not require payment of fees for applying for an ABN by paper application or online. A Tax Agent will charge a fee for their services if you consult them to complete an application. If not, there is no cost.

You can start a business in Australia even for $1,000. The exact cost and funds required will depend on below 2 factors:

  1. Business structure

The 4 most common Business structures in Australia are:

  • Sole trader: an individual who operates as a sole individual lawfully liable for all aspects of the business
  • Company: a lawful entity that is distinct from its shareholders
  • Partnership: an alliance of entities or individuals jointly running a business but not as a company
  • Trust: an entity that holds income or property for benefit of others
  1. Business type

There are several Business types in Australia but the 3 most common are:

  • Independent contractor
  • A franchise

•    An online business

Below are the steps that must be followed to start a business in Australia:

  • Select your business structure
  • Choose a business type
  • Apply for an ABN – Australian Business Number
  • Register the name of your business
  • Identify the source for your funds
  • Register for the accurate taxes

The fees for registering a Business name in Australia are:

  • $36 for 1 year
  • $84 for 3 years

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