Business structures and types?

There are a number of structures that you can choose from when starting or expanding your business. The four main types of business structures commonly used by small businesses are:

• Sole trader: an individual trading on their own
• Partnership: an association of people or entities running a business together, but not as a company
• Trust: an entity that holds property or income for the benefit of others
• Company: a legal entity separate from its shareholders.

What skills do I need to start a business?

Starting and running a business can often require a range of skills including:

• management skills
• industry expertise
• technical knowledge
• finance skills.

If you want to develop your business skills further, consider investing in training for yourself or your employees. 

How do I choose a business name?

Choosing the right name will help ensure you're creating the right image for your business. It'll also help to distinguish it from your competitors. Before deciding on your name you should familiarise yourself with the different registration requirements.

What type of business should I start?

Do you want to start a new business, or would it be better to buy an established one?

Starting a new business requires time and money. You'll need to research the market, raise finance, establish contacts, find a location and maybe hire new staff.

There are a number of business structures and types that you can consider. This may include:

• home-based business
• online business
• starting as an independent contractor
• franchise
• importer
• exporter

What do I need before starting a business?

There are a number of things you need to consider before starting your business. Firstly, it is essential to understand the differences between a business and a hobby, and decide if you are running a business for tax, legal and insurance purposes.

Thinking of starting a business?

Thinking of starting a business?

It's important to consider whether you really understand what's involved and whether you're suited to business and self employment. Start by asking yourself these questions:

• what do I need before starting a business?
• what type of business should I start?
• how do I choose a business name?
• what skills do I need to start a business?
• what are my business goals, objectives and skills?
• how much income will my business need to generate?
• what are the advantages and disadvantages of starting my own business?

Ready to start your business?

You don't need to pay someone to register your business, you can do it all yourself, online. Registering your business can be done from the comfort of your own home or office. Follow these steps when creating your business:

1. choose your business structure
2. apply for your Australian Business Number (ABN)
3. register your business name and trade mark
4. register your website domain name
5. organise taxes for your business
6. organise registrations and licences for your business
7. register for an Australian Business Account to manage your licences and permits 
8. buy or lease premises for your business
9. arrange insurance for your business.

10 Steps to Starting a Business

10 Steps to Starting a Business

Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.

Step 1: Write a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training

Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location