I am wanting to start my own business offering gymnastics,

These are the options and steps:

Registering and obtaining an (ABN) is free. Generally, both companies and sole traders will need an ABN.

https://www.abr.gov.au/business-super-funds-charities/applying-abn

https://www.ato.gov.au/Business/Registration/

If you carry on a business or trade within Australia, unless you fall within one of the exemptions, you will generally need to

http://www.asic.gov.au/for-business/your-business/small-business/starting-a-small-business/small-business-registering-a-business-name/

A sole trader is a simple business structure to set up as there aren't many legal or tax obligations. It's important to understand that when you operate as a sole trade you are:

• the sole owner of the business
• personally responsible for business liabilities.

Separate business bank accounts are recommended, but not compulsory for sole traders. You may be liable for bank fees, depending on the type of account you choose to open.

A company is a more complex business structure to set up as there are quite involved legal and taxation obligations. A company is a separate legal entity. This means it has the same rights as a natural person and can incur debt sue and be sued.

Registering a company will cost you $479 for a proprietary limited company. You will receive an Australian Company Number (ACN) when the Australian Securities and Investments Commission (ASIC) registers your company. If you want to run your business as a company, you need to register your company and get an ACN before you can get your ABN. Companies must have a separate bank account for the business. The company may be liable for bank fees, depending on the type of account it opens.

​Thank you for reaching out today.

You have a legal right to protect your interests in this important situation.

I am a user like you in this chat forum to assist in your important question today.

Thank you kindly for rating me with 5 stars, which helps me support the community.

You can come back to this post any time to ask questions without additional charge.

I hope I have assisted with answering your important question today, and thank you for supporting the community.

Thank you for your additional follow-up. With respect to your exciting business that you're going to operate, I would strongly recommend that you consider a company that is Pty LTD company as a structure as this will protect you from liability personally then just using an ABN number.

Thank you for your follow-up you are on the right path where you use a company and yes there are many government incentives they can help you and push your business to be very successful moving forward. Keep motivated keep doing what you're doing as you're on the right path. As far as getting further information just go onto the local government website they have many resources there that you can utilise. Also remember join the Chamber of Commerce as his great networks there as well.

You are welcome, and thank you for supporting the community.