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Its complicated ...In my case once I got started, I spoke to an accountant (who then engaged a lawyer) to set up the business structure/trust/register with ASIC etc. My business is now X Holdings PTY LTD as Trustee for XY Family Trust trading as XYZ ... When you are ready, see an accountant...

Firstly good on you for starting your own business! Just my thoughts (started up 5 years ago). Possible to start up while still working for your current boss? Everyone and everything gets paid before you do when you have your own business - so its good to fall back on some definite income in...