The sole trader business structure is the simplest and cheapest way to start a business in Australia. Basically it is you trading as your business; you will be legally responsible for all aspects of the business including any debts and losses. On the flipside, you will be in control of the business and any decisions about starting and running your business.

For further information about starting your business as a sole trader, see the Australian Government Business website.

In order to trade, you will need an individual ABN. Also, if you are intending to trade under a name other than your name, you will need to register a business name with the Australian Securities and Investments Commission (ASIC). If you already have an ABN, click on the Business Name Registration button to start your order.