Getting Started: How to Set Up Your Business in Australia with Confidence

The Reyes Company


Starting a business in Australia offers incredible opportunities—but it also requires careful planning, compliance, and the right strategy to set you up for success. At The Reyes Company, we guide entrepreneurs and investors through the essential steps of business setup, ensuring your venture starts strong and grows with confidence.

1. Choose the Right Business Structure


Your business structure determines how you operate, pay taxes, and manage liability. Common structures in Australia include:

• Sole Trader: Simple and cost-effective for individuals starting out.
• Partnership: Shared responsibility between two or more people.
• Company: A separate legal entity that offers limited liability and professional credibility.
• Trust: Ideal for managing assets and family-run businesses.

Selecting the right structure is crucial for long-term growth—our experts can help you assess which option best suits your goals and risk profile.

2. Register Your Business Correctly


To operate legally in Australia, you’ll need to:

• Obtain an Australian Business Number (ABN).
• Register your business name through the Australian Securities and Investments Commission (ASIC).
• Apply for tax registrations such as GST if your annual turnover exceeds $75,000.

Proper registration ensures compliance and strengthens your business identity from the start.

3. Understand Your Legal and Tax Obligations


Every business in Australia must meet ongoing tax and regulatory requirements. This includes:

• Maintaining accurate financial records.
• Submitting Business Activity Statements (BAS).
• Managing superannuation and payroll obligations for employees.

At The Reyes Company, we provide expert accounting and advisory support to help you stay compliant and avoid costly errors.

4. Set Up Your Financial and Risk Protection Systems


A separate business bank account keeps your finances organized, while essential insurances—such as public liability, workers’ compensation, and professional indemnity—safeguard your operations from unexpected risks.

5. Establish Your Brand and Online Presence


A strong brand and digital presence are vital in today’s marketplace. Secure your domain, build a professional website, and engage your audience through social media to create trust and visibility for your business.

6. Partner with the Right Experts


Launching a business doesn’t have to be overwhelming. Working with experienced consultants ensures every step—from planning to compliance—is handled with precision and care.

Final Thoughts


Building a business in Australia is a rewarding journey when backed by expert guidance and strategic planning.
At The Reyes Company, we empower entrepreneurs to start with confidence, operate with clarity, and grow with purpose.


Let’s build your business success together—partner with The Reyes Company today.