starting a business in australia

15 thoughts
last posted May 12, 2013, 5:20 p.m.

3 earlier thoughts


Your ABN is given to you - you are the business, and the business is you. You have unlimited liability for your business - which means you can mix personal and business assets (because they're your assets), and use personal funds to pay off business debts. All your profits go on your personal tax return, and you get charged tax at individual person rates.

11 later thoughts