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You can get an ABN[1] and set up as a sole trader/partnership online completely free if you're an Australian citizen (I'm not sure whether you can if you're for
by stephen_g 14y ago
You can get an ABN[1] and set up as a sole trader/partnership online completely free if you're an Australian citizen (I'm not sure whether you can if you're foreign).
I paid about $560 to set up my company (a company has an ACN[2] from the ASIC[3] and an ABN and TFN[4] from the ATO[5]) but if you do the paperwork yourself it's cheaper.
1. Australian Business Number
2. Australian Company Number
3. Australian Securities and Investment Commission
4. Tax File Number
5. Australian Tax Office
- daemin 14y agoYes, setting up as a sole trade is completely free, just need to fill in some paperwork. Setting up a Pty Ltd is a $399AU ASIC fee last I checked, and filling in some more paperwork. I used a service for this, which produced all of the necessary documentation for me, which cost only $200 extra. It then costs about $200-$300 a year to maintain through the annual ASIC renewal fee.