What are the legal requirements for starting a small business in Australia?

Starting a small business in Australia involves several steps: determining your business structure (e.g., sole trader, partnership, company), registering your business name with the Australian Securities & Investments Commission (ASIC), obtaining an Australian Business Number (ABN), and if applicable, registering for the Goods and Services Tax (GST). Depending on the industry, specific licenses or permits may be required. Complying with relevant state and territory regulations is also crucial. Our business setup professionals can provide step-by-step guidance.