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Starting your own business in Australia (FREE DOWNLOAD)

Photo taken over the shoulder of a man reading the Starting your own business guide on a tablet.

Starting your own business can be equal parts exhilarating and daunting. There's a lot to consider before taking the plunge - such as what structure to have, how to fund it, how much time you can commit, and how much risk you’re willing to take. If starting a business is a dream of yours, then this guide is for you!

What's covered in this guide

We’ll walk you through a 12-point checklist on starting a business. Inside, you'll find advice on:

  • Business structures
  • Tax implications
  • Setting up your financial systems
  • Tax planning and minimisation
  • Insurances
  • Common pitfalls
  • and more

This guide will help with the first steps of starting your own business in Australia


Start your own business guide

Start your own business guide

Frequently asked questions

1. Should I hire an accountant?

While you need to take costs into consideration, there are clear benefits to hiring an accountant. An experienced accountant does more than file taxes and keep books - they are your business advisor, and will set clear financial goals to help your ideas thrive. A good accountant will ensure you meet your financial obligations and never miss a tax deduction you're entitled to. Learn more on this topic with our blog, 9 things to ask your accountant when starting a business.

2. What are the costs of starting a business in Australia?

Depending on the nature (and industry) of your business, the costs will vary. However, set-up costs normally include registration and incorporation fees, permits, licenses, a business space, insurance, assets and equipment. You'll also need to consider marketing-related costs, such as building a website or advertising. Check out this blog to find out more.

3. What do I need to know about tax?

It's important you know a little about tax before starting your own business. This is a big topic, so we've written this guide.

4. How can Beany help?

Beany's is designed for entrepreneurs. Our Starter Pack will provide you with an accountant who's there every step of the way, from choosing a business structure to minimising tax.

Accounting is a real chore to me. With Beany, I'm still in control of my finances, and my questions are answered right away.

Who are Beany?

We’re an online accounting firm that is always right here for you, your accounting pain relief. The most advanced technology lets us work way more closely with you than a normal accountant would. ​

We have a dedicated team of certified accountants and a support team to take care of your business no matter where you are, so you can focus on growing your business. We take out the ‘fluff’, break down the barriers and get things done. Looking out for you is what we are all about. Register today.

Kate, Australian problem solver

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