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What does it cost to register a business?

  • Thread starter Thread starter cleveland
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Its been a while since I have been involved in this but I will give it a go:

1. If you register a company that is around $1,100
2. If just registering a trading name (ie as a sole trader) this is quite inexpensive. $200 approx.
3. To get an ABN and register for GST costs you nothing. However if you go thru an accountant, obviously this will cost you.

As I said its been quite a while (5 years) since I have done this, but I think that at least will give you some idea.
 
Thanks,

I'm very green to all of this so appreciate your advice. Would there be a website or something that will give me some advice on setting up a business, the do's and don'ts:thumbsu:
 

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About a grand for a company. You can trade as a sole trader at no start up cost if you're trading with your own name, you just have to register an ABN and you're right to go. Depends what you have planned, are we talking millions of dollars? Company trading as trustee for a trust is a good setup for limiting liability, you can then put the house in your wife's name and if something goes wrong you wont lose it.
 

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