There are many ways to start a business such as sole trader, partnership, company and trust based on your situation. A partnership is a group or association of people who carry on a business and distribute income or losses between themselves. For example, if you and a friend or family member decide to set …
Retail industry vs Covid-19 vs JobKeeper payment Super Retail Group – owner of the Supercheap Auto, Rebel, BCF and Macpac brands – handed back $1.7 million in JobKeeper payments (a scheme to support businesses and not-for-profit organisations significantly affected by COVID-19, to help keep more Australians in jobs.) in January after releasing a trading update …
Setting up a company may be the first step people think of when coming across starting up a business. Although that is not always the case, there are other structures also available for running a business like mentioned in our previous post “comparison-on-business-structures-in-Australia”. Thus a company is still the most common form that people …
ABN is an 11-digit number that represents your business to the gov, other businesses and the public in Australia.
How to register and set up a business in Australia? There are four main types of business models in Australia: self-employed, partnership, trust and company. The above four business models need to register for GST if the annual turnover exceeds $ 75,000 …
How to start a business in Australia? You have to understand what company structures there are, and see which one best applies to you.