
20-07-10
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| Power Member | | Join Date: Dec 2009 Location: Sydney
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Re: Online business and company registration
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
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