Online business and company registration

[fi_harry]

Hi all,

Hoping for some advice.

We are a small web business that is about to go live.

I am after some info about registering an online business. I assume that we will not just register in our state (NSW) as the nature of online business is that you are reaching a national audience. Am I right about this?

We will not be earning more than $75,000 a year so from what I understand, registering as a company is a waste of time and money.

So what must we do now?

We have registered our domain name, and the website is almost finished.

Thanks in advance.

[Emroy]

Hi Harry,

Ooh, exciting times for you! Keep us posted on how things pan out =)

I think you are a bit confused over the 75k threshold - Registering as a company has nothing to do with this.

Once you turnover more than 75k, you need to register for GST. (Which doesn't cost a thing mind you, and allows you to claim back GST on purchases).

Secondly, my understanding operating under the model you've implied (sole trader / partnership) for an online business you need to register in the state you are operating out of (as opposed to the states you are selling to).

Hope that helps! If not, there are plenty of talented accountants on this forum.

- Jake

[fi_harry]

Ah ! That makes sense.

Thanks Jake.

I'll be around these forums a lot in the coming months I'm sure. Looking forward to meeting everyone.

I can't wait to put my online business url into my flying solo signature!

[Adam Wozniak - wecancreate]

Hi there,

If you're looking for info about registering your business as a sole trader, you might be interested in checking out a tutorial I wrote at:

http://www.wecancreate.com/blog/lega...e-sole-trader/

This tutorial is arguably the most comprehensive outline of the sole trader business structure on the web, complete with relevant links, etc.

I hope you find it useful, and good luck with your venture!

--
Adam Wozniak
http://www.wecancreate.com - affordable, high quality web and graphic design