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02. Australian Business Number (ABN)

An Australian business number (ABN) is a 11 digit number that identifies your business. Your ABN is allocated by the Australian Taxation Office and you are required to provide your ABN on invoices and other documents you issue to customers/clients. Further, ABN’s are required for commercial activities such as registering a business name, registering an Australian domain, or obtaining a trademark.

Determining your business type and structure before applying is crucial before applying for an ABN due to legal and tax implications/responsibilities. Types of business structures include:

Sole Trader: an individual trading on their own (might also be referred to as a ‘freelancer’)

Partnership: a group or association of people running a business together, distributing income or losses between themselves

Company: a legal entity run by its directors and owned by shareholders

Trust: an entity that holds property or income for the benefit of others.

More information about business structures can be found HERE.

Before registering make sure you have identified your business structure, proof of identity and have all your details of of your business activities ready. You can apply for your ABN HERE.

Click HERE for more information.

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More Resources To help Research and Plan your Business Idea

01. Statement of Supplier

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03. Grants

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04. Publishing & Licensing

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05. Rights & Responsibilities

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06. Boundaries

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07. Acting Professionally

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08. Tax

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09. Copyright

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10. Building a Business Plan

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11. Quoting

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12. Invoicing

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13. Payment Options

No one type of payment is best – it will depend on the needs of your business and what your customer’s chosen payments methods are.

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14. Budgeting

Budgeting is the basis for all business success. It helps with both planning and control of the finances of the business. If there is no

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16. Electronic Press Kit (EPK)

Having an informative and professional promo package (commonly known as an Electronic Press Kit or ‘EPK’) can be the thing that sets you apart from

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More Resources To help you Register and Launch your business

01. Tax File Number (TFN)

Creating a Tax File Number (TFN) is easy and it’s free. It identifies you for tax and superannuation purposes with employers and the Australian Taxation

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03. Registering your Business

To make your business official you will need to follow these four steps to register your business. Step One: Create an ABN Step Two: Register

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04. Banking

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05. Insurance

You will need to consider what insurance you will need if you’re operating as a sole trader or as a business. Without insurance, you may

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06. Busking Permits

Busking permits are necessary for most Local Government Areas, including Banyule City Council and the City of Melbourne. Consent from a parent or legal guardian

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07. Band Agreements

A band agreement states the rules under which band members should act and operate throughout the life of the band. These rules outline band member’s

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08. Branding

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09. Marketing

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products

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10. Building a Web Presence

Building a web presence and social media presence gives you the ability to widen your audience while interacting with customers or people that are interested

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11. Royalties

What are Royalties? Music royalties are paid to artists when their music is used by businesses or played live by themselves or others. These royalties

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