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. 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 before applying is crucial before applying for an ABN. Types of business structures include: Sole Trader an individual trading on their own, Partnership a group or association of people running a business together and distribute 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.
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