How to start a company / business in Australia

Looking to start a company in Australia? Here are the key things you need to know to get started!
There are a lot of things to consider when starting out, from taxes and legal obligations to business structures and more.
It can be all quite complex when you’re starting out, so we created this video to help you navigate what you need to know.
If you've got any questions, don't forget to ask us in the comment section below!
For more information, on how to start a company in Australia, or if you’d like to get started, get in touch with us over at POP Business:
popbusiness.co...
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► For more business-related content please subscribe to POP Business:
/ @popbusiness40
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Patrick is a Chartered Accountant and registered tax agent, with over 10 years of experience as an accountant. Patrick has been leading POP Business and POP Tax as the Chief Executive Officer (CEO) since 2017 and is also a Fellow of the Australian Institute of Company Directors. Alongside the rest of the team of passionate accountants at POP Business, Patrick works to use his skills and experience to help business owners succeed in building their dream business.
At POP Business we have made it our mission to help thousands of small business owners just like you to spend less time on all the soul-sapping stuff like bookkeeping, payroll, and tax, and more time on building your business. We offer a wide range of business accounting and advisory services that scale according to your business’ needs. Get in touch today for a free consultation.
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Follow Patrick:
LinkedIn: / patrick-sargent
POP Business:
LinkedIn: / pop-business
Instagram: / popbusiness_
Facebook: / pop-business
Website: popbusiness.co...
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DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate at the time of publication. You should note, however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.

[@prince_R-peace]

Love this. Thank you for the tips. It was seen in 2024. Even though the video was 4 years ago.

[@mohdshahnawaz3864]

Very well explained. Thank you so much. GOD bless you

[@abanerjeeable]

Hi i am GST practicetioner from India, working in a CA firm, nice to see your video, Australian GST system is slightly different than it's indian counterparts, actually much easier i think

[@salomehali2739]

Awesome! Well explain.

[@icogentkrishna9607]

Pls advise how to download a guide to get more details about opening a company

[@Blackanstein]

Great info

[@realshine2077]

Great job

[@chuckmaddison2924]

Another problem. There is a popular product selling for $ 1000 to $2000 and is rapidly growing. There are only a couple of companies in Australia Importing from China not producing. How can you get into the business building in Australia without buying parts from China? There is a producer in Europe but won't sell to Australia/Asia. All I can see is a brick wall or emigrate.

[@nc9618]

Thank you for this important information. Could you explain me that how to get a contract to a company ? What are the websites and basic requirements etc..

[@malayshah9110]

Hi will I need a physical presence to open a Company? or can can it be done on mu USA business address.

[@warren7565]

Where 8s the link to the Business Ready Package? There is nothing in the comment and I searched your site too.

[@dondoncooking6637]

Hi, Thanks for your info. What if I just starting out as an online business and wanted to set up a company for my business structure, can I be either shareholder and director? Thanks

[@user-xe1rx9np6r]

احب العربيه واحب الانجليزي

[@prolandscapedesignsaustral3052]

Hi Patrick I am sole trader at the moment I'm Sydney Australia Looking to become a Pty ltd And registered with gst How much do you charge if you set it up for me? Alex

[@DeepakSingh-pp5hp]

wah

[@syeddilbaralishah1832]

How much minimum capital is required for registering a construction company?

[@faaaaa955]

My sister and I created a company and the accountant put her as a public officer alone. I asked to be added as one ? Is that possible and is it possible to add a person even after creating the company? Thanks

[@rybird8059]

HI Patrick, I love this video and your vision for your company! I have reached out to you on LinkedIn and would love to discuss my opportunities with my company with you in the near future.

[@sameermakhani5021]

Hi Can a foreigner open company in australia without visiting australia ?

[@sandralu4556]

Do you guys do business in Melbourne? [e-mail]

[@AUNZAnon]

Can't believe what I'm hearing. To state asset protection as the first key benefit to starting a company is abysmal. It encourages and condones many irresponsible director behaviours such as phoenixing, knowing full well they won't be held personally accountable. The laws need changing to allow directors to be charged and be personally and financially accountable for the failure of a company.

[@evAngeliis]

This is how free-market capitalism works, as the asset protection is intrinsically tied to the business risk, and without asset protection, the risk would be too high for many people, and it would stifle the market. No one wants to try and earn $1mil of profit by putting $10mil+, or all of your assets, at risk of legal litigation. I would suggest some general accounting academic books if you want to learn the more detailed reasons about why asset protection is needed.