You can start a business in Australia even for $1,000. The exact cost and funds required will depend on below 2 factors:
- Business structure
The 4 most common Business structures in Australia are:
- Sole trader: an individual who operates as a sole individual lawfully liable for all aspects of the business
- Company: a lawful entity that is distinct from its shareholders
- Partnership: an alliance of entities or individuals jointly running a business but not as a company
- Trust: an entity that holds income or property for benefit of others
- Business type
There are several Business types in Australia but the 3 most common are:
- Independent contractor
- A franchise
• An online business
