+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    Join Date
    Jul 2011

    Default Small business startup help

    Hi, I'm thinking of starting up a small business/hobby selling various baby items. I was thinking of starting through Facebook and the local markets. I've sourced items at wholesale prices from various companies. I'm a little confused about the legal side of things and have a few questions if anyone can help!

    Would I need an ABN?

    Do I need to register a business name?

    Do I need to tell the tax office if I'm not earning that much from it?

    Thanks in advance!

  2. #2
    Join Date
    Mar 2012
    Sydney Inner West
    Obviously these questions are best answered by an accountant, solicitor, or business adviser, I am not any of these so have to take anything I say with a grain of salt.

    The government has a lot of free help for small business / sole traders if you check out their website http://www.smallbiz.nsw.gov.au/Pages/default.aspx they run courses that are often free or very cheap that will help you understand all this and more.

    I believe that:
    - yes you would need an ABN (very easy to get, can sign up online, takes no time at all);
    - no if you are operating as a 'sole trader' (i.e. just you) then you wouldn't need to register a business name, you could trade under your own name. If you wanted to trade under a different name than your own then I think you're meant to register it but could also probably get away with simply listing it as a trading name under your sole trader registration.
    - um, I think if your total income is under the taxable income threshold you might not need to tell them how much you're earning, however if you are getting any money from them such as child rebates then you would have to declare it to them

    However I don't really "know" so best talk to some people whose job it is to advise on this stuff, like call the tax office and ask them, go down to one of the government's free small business advisory services, etc.

    Good luck


Similar Threads

  1. Those who run a small business
    By Ffrenchknickers in forum General Chat
    Replies: 6
    Last Post: 15-08-2012, 14:12
  2. Starting a small food business
    By shinebrite in forum Setting up & succeeding
    Replies: 3
    Last Post: 01-07-2012, 12:13
  3. Info on Starting a small business
    By NinjaNet in forum General Chat
    Replies: 9
    Last Post: 18-12-2011, 23:55

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Free weekly newsletters | Sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

learn how you can become a reviewer!


forum - chatting now
sales & new stuffsee all
All For Kids Market
With just a few sleeps til Christmas, the All for Kids Market is a great opportunity to find unique gifts-or hire a stall and sell some of your outgrown items to raise cash for the festive season! Indoors. Plenty of parking! Kids activities
Saturday 12th November 2016
featured supporter
Little Kickers NSW
Little Kickers was launched in 2002 in the UK and arrived Down Under in 2009. Our motto is “Play not Push” and we provide a positive fun-filled soccer program for children aged 18 months -7 years in a vibrant, group play environment.

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!