Steps to setup an Australian business

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Outsource CFO

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Business Establishment

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Compliance

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Advisory

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Reporting Obligations

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Steps to setup an Australian business

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

Steps to Set Up an Australian Business

Setting up a business in Australia looks straightforward on the surface. Pick a structure, register an ABN, open a bank account, and start trading. In practice, each of those steps carries decisions that quietly shape how the business operates for years: which structure you choose, how the financing is set up, which systems go in at the start, and how the statutory obligations are handled from day one. Getting these right at establishment is significantly easier than trying to fix them later once the business is already running. At ERY Melrose, we walk new businesses through the full setup process, so what goes in the ground at the start is actually built for what the business is trying to become. The first decision is the most important one: the business structure itself. Sole trader, partnership, or company, each comes with different tax treatment, different liability exposure, and different implications for how the business can be grown, sold, or restructured down the line. We work through which structure genuinely fits your situation rather than defaulting to whatever is most common. From there, we prepare the business plans, cash flow projections, budgets, and trading forecasts that the business needs for its own internal clarity and for any conversations with lenders. A plan built properly at the start becomes a working document that the business can actually use. A plan thrown together for a bank submission rarely does either. Finance is the next part. We assess your finance requirements against what the business actually needs to get going, prepare lender proposals that stand up to scrutiny, and help establish strong banking relationships from the start. Good banking relationships matter more than most founders realise at the beginning. The bank that backs you early is often the bank that's there when you need to expand, refinance, or navigate a harder period down the track, so getting this set up properly is worth the effort up front rather than settling for whichever account was easiest to open. The compliance and administrative layer is what ties the setup together. We handle ABN registration, complete the ASIC registration requirements, manage company secretarial issues as they come up, and set up internal recording systems that meet your statutory obligations from day one rather than being retrofitted in year two. Our team also provides financial guidance similar to what you'd expect from a reputable tax advisory near you, helping you start with the right foundation across tax, structure, and reporting, so the business isn't carrying a mess of small establishment mistakes as it tries to grow. If you're in the planning phase of a new business or have recently started and want the setup reviewed properly, call or book a consultation.

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