Because business structures, activities and incomes vary, please keep in mind that the following list is a guide only and some of the steps may require the assistance of a trusted business adviser.
This list is a great place to start, and we've provided links to other blogs that go into more details on certain topics:
- Order your structure, if required, such as a Company or Trust
- TFN & ABN application
- GST & PAYG Withholding registration
- Register any additional Business Names or Domain Names if required
- Open bank account
- Arrange insurances
- Workers Compensation (if you have employees)
- Public Liability
- Business Insurances
- Purchase assets and arrange finance (if required)
- Employment
- Employment Contracts / TFN Declarations
- Setup employer for superstream
- Super choice forms for employees
- Accounting software
- Setup myGovID & RAM (Relationship Authorisation Manager)
- Standard Customer Contracts
- Supplier Contracts or setup accounts
Obtaining some advice or guidance around starting up a business can relieve much of the pressure and confusion. If you would like to investigate this option, then please talk with us and see if we are the right fit for you. Our team at BLG Business Advisers are here to help you out.