Sole Trader ABN Registration
The simplest business structure for individuals.
If you want the simplest, lowest cost option (without caring about the benefits that come from a company) then you could be wanting to register for an ABN as a sole trader.
An essential step for sole traders is securing an Australian Business Number (ABN).
Your ABN is required for your invoices and bank account. Both essential to being a sole trader – they enable you to ask for and receive payments.
Depending on your situation, you might also need GST and PAYG registration.
In Australia many people trade under their own name. Or can also create a business name that should be registered through your State’s Authorities. (For more information on this call us on 1800 347 845)