Introduction
Business registration is the most important process for starting any business. Registering a business in Australia is not as complex as we think as it is the simple procedure. We must be careful in different procedures to register our business like we must decide on good business name, we must register with the appropriate government authorities, we must get the required permissions and licenses and we must pick a suitable business structure. There are different types of business structure such as sole business, partnership, corporation or trust. We must decide what type of business structure is perfect for our own business as all types of business has its own advantages and disadvantages. In order to do lawful and strong business, different businesses are bounded by tax, employment and other regulatory obligations after registering. It is recommended to consult with expert and make use of internet resources to ensure that you follow Australian rules and regulations and to speed up the registration process. It takes about a week to incorporate a company. The applicant would require an Australian Company Number (CAN), Tax File Number (TFN) and Australian Business Number (ABN) to successfully run their business.
Benefits of Business Registration in Australia
