There are several different business structures for you to choose from. Your choice will be influenced by factors such as:

• the nature of your business
• the size of your business
• the risk associated with your business
• setup and ongoing costs
• tax issues
• degree of control required

We recommend that you speak to your accountant or solicitor to obtain advice as to which business structure will meet your commercial and taxation needs.

The possibilities include:

• Sole trader, trading under a business name
  - Click here for more information.
  - To register a business name click here
  
• Company
  - Click here for more information.
  - To incorporate your first company click here
  
• Trusts
  - Click here for more information.
  - To set up a trust click here
  
• A combination of any of the above.

Choosing a name

Irrespective of which business structure you choose you will need a name under which to trade.

Click here to check that your name is available

Other business requirements

• Your business will need an ABN
• You may need to register for GST and PAYG withholding
• You may need special licences to commence trading
• Your business will also need a TFN
  Many of these requirements can be applied for online.
  Click here for online business services and information