Home – New Forums Starting your journey Sole Trader to Company (Length?) Reply To: Sole Trader to Company (Length?)

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estim8, post: 198290 wrote:
I think your plan has a hole in it.

The ABN will belong to the company, not you … you’ll have to have a company set up to apply.

An individual (entity) can only hold one ABN … the company will be a legal entity in it’s own right, regardless of the individuals associated with it.

Edit: ditto for the TFN

Thanks for the reply estim8!

Wait, can a company hold more then one ABN?

Can you provide me with any suggestions to fix the plan to achieve the goal?

Should I get a new company registered first as a PTY LTD entity & then proceed to getting a new ABN?

Thank you!