Start-Up Business

The first step is to choose a suitable business structure, such as a sole trader, partnership, company, or trust. Register your business name and obtain any required licenses or permits.

Yes, it’s advisable to have a separate business bank account for financial transparency and to manage business transactions effectively.

Registering a trademark provides legal protection and exclusive rights to use that mark for your goods or services. It helps prevent others from using a similar mark, which can protect your brand identity and reputation.

Protect IP through trademarks, patents, copyrights, and confidentiality agreements. Consult an IP lawyer for advice.

Yes, most businesses in Australia require an ABN. It simplifies tax and business dealings. You can apply for an ABN online through the Australian Business Register (ABR) website.

Start-Up Business’s need to consider taxes like Goods and Services Tax (GST), income tax, and payroll tax. GST is usually compulsory for businesses earning over $75,000 per year.

While not mandatory, a business plan is highly recommended. It helps outline your business strategy, market analysis, financial projections, and goals.

Yes, there are grants and incentives for start-ups, including the Research and Development (R&D) Tax Incentive, Export Market Development Grants (EMDG), and the Entrepreneurs’ Program.

Funding options include personal savings, loans, grants, venture capital, angel investors, crowdfunding, and government programs like the Entrepreneurs’ Program.