How to Set Up a Business in Australia

So you’ve got a business idea—and it’s a good one. Maybe you’re dreaming of selling handmade products, launching a consultancy, opening a local shop, or building an online brand.

Luckily, you’ve landed on the right blog. This guide breaks down everything you need to know about business setup in Australia—from legal structure to registration, tax, branding, and growth. Whether you’re starting small or going big, this is the roadmap to get your dream off the ground (and done right).

🚀 Step 1: Choose Your Business Structure

Your business structure will affect how you're taxed, your liability, and the way you operate. The most common in Australia are:

• Sole Trader – simplest and cheapest, but you’re personally liable

• Partnership – shared ownership and risk

• Company (Pty Ltd) – limited liability, more suitable for growth

• Trust – complex, often used for asset protection or tax planning

Speak to a qualified advisor to choose the best structure for your business.

📋 Step 2: Register Your Business in Australia

Once you’ve picked your structure, it’s time to make it official. Here’s how:

• Get an ABN – Apply online via the ABR

• Register a business name – Via ASIC if trading under a name other than your own

• Check licensing requirements – Use ABLIS to find what’s required in your industry and area

  
  

💼 Step 3: Set Up Your Business Finances

Separate finances are crucial for tax, compliance, and simplicity.

• Open a business bank account

• Choose bookkeeping software like Xero, MYOB, or QuickBooks

• Register for GST if your revenue exceeds $75,000

• Keep financial records for a minimum of 5 years (ATO requirement)

Need help with tax or bookkeeping?

Our small business accountants can help set up your finances right from the start

📢 Step 4: Build Your Brand and Online Presence

Even if your business is brand new, how you present yourself matters. Strong branding builds trust, and trust builds customers.

Start with a name, logo, and domain. Then:

• Create a website using WordPress, Squarespace, or Shopify

• Set up your Google Business Profile

• Build out social profiles (LinkedIn, Instagram, Facebook)

• Create consistent branding across platforms

🛡️ Step 5: Protect Your Business

You’re almost there—but don’t forget to protect what you’ve built.

Think long-term and reduce risk early:

• Get business insurance (public liability, cyber, etc.)

• Draft simple contracts, website disclaimers, and terms

• Register a trademark to protect your name/logo if needed

📈 Step 6: Plan for Growth

Once you’re up and running, the real fun begins. Here’s how to do it strategically:

• Reinvest your profits

• Track key numbers (revenue, expenses, conversion rates)

• Build systems and processes

• Stay on top of legal & tax deadlines

• Ask your customers for feedback and testimonials

• Keep learning—business is an ongoing journey

  
  

✅ Final Checklist for Business Set Up in Australia

Here's your quick summary:

✔ Choose the right structure.

✔ Apply for your ABN.

✔ Register your business name.

✔ Set up your finances and accounting.

✔ Build your brand and online presence.

✔ Understand your legal and tax responsibilities.

✔ Get the right insurance and documents.

✔ Launch and grow with confidence

🔎 Frequently Asked Questions: Starting a Business in Australia

1. What is the first step to starting a business in Australia?

Choose the right structure (sole trader, partnership, company, or trust), then apply for an ABN and register your business name.

2. Do I need an ABN to start a small business in Australia?

Yes. An ABN is required to legally operate, invoice clients, and register for GST if your annual turnover exceeds $75,000. Apply for an ABN.

3. How much does it cost to register a business name with ASIC?

It costs $42 for one year or $98 for three years. Register your name here.

4. Do I need to register for GST straight away?

Only if your turnover is over $75,000/year. You can register voluntarily if you want to claim GST credits.

5. What licences do I need to start a business in Australia?

This depends on your location and industry. Check ABLIS for a tailored list.

6. Can I run a business from home in Australia?

Yes, but you may need council approval, public liability insurance, or zoning permits depending on your business type.

7. What is the easiest business structure for beginners?

A sole trader structure is the simplest and cheapest to set up, but it doesn’t protect your personal assets.

8. Do I need a separate bank account for my business?

Yes. A separate account helps with recordkeeping, ATO compliance, and is legally required for companies.

Need Help With Your Business Set-Up?

Don’t let red tape hold you back from bringing your vision to life. We specialise in helping Aussie entrepreneurs with:

• Business registration

• ABN and GST setup

• Structure advice (sole trader, company, etc.)

• Website and branding support

• Ongoing business admin

  
  

👉 Book a free consultation today, and let’s get your business off the ground fast, simple, and stress-free.

You’ve got the idea. We’ll help you make it real. Let’s get your business set up together.