{"id":1769,"date":"2021-03-26T13:07:00","date_gmt":"2021-03-26T13:07:00","guid":{"rendered":"https:\/\/www.boardingschools.com.au\/?p=1769"},"modified":"2021-04-04T13:07:54","modified_gmt":"2021-04-04T13:07:54","slug":"how-to-setup-your-business-without-a-physical-office-in-australia","status":"publish","type":"post","link":"https:\/\/www.boardingschools.com.au\/how-to-setup-your-business-without-a-physical-office-in-australia\/","title":{"rendered":"How to Setup Your Business Without A Physical Office in Australia"},"content":{"rendered":"\n
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Starting a business from scratch can be challenging as it requires a lot of work, time, and money.  <\/p>\n\n\n\n

However, with the right entrepreneurial mindset and efficient budgeting, every start-up can grow and become a big corporation. <\/p>\n\n\n\n

In today\u2019s business world, many new entrepreneurs do not need a physical office or cannot afford one from the very beginning. Therefore, investing money in rent or lease for an office space can be risky and counterproductive.<\/p>\n\n\n\n

The good news is that the modern digital world allows entrepreneurs to run their companies without a brick-and-mortar office while keeping a professional business image. Expensive physical office space is no longer an absolute must for small businesses.   <\/p>\n\n\n\n

5 Steps To Start A Business In Australia Without A Physical Office in Australia<\/h2>\n\n\n\n
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  1. Preparation<\/strong><\/li><\/ol>\n\n\n\n

    Every business owner should first prepare for starting a business by answering the following key questions: \u201cAm I ready to run a business?\u201d<\/em>, \u201cIs it more suitable for me to work on my own or as an employee?\u201d<\/em> <\/p>\n\n\n\n

    Secondly, entrepreneurs should decide whether the activities they are willing to perform are a hobby or not. <\/p>\n\n\n\n

    In Australia, an individual providing evidence that their business activities are a hobby does not need to register a business or hold an ABN (Australian Business Number). In this case, the company that is making the purchase can withhold the top tax rate from their payment. Therefore, understanding the differences between a hobby and a business from the very beginning is very important to determine tax and legal obligations. <\/p>\n\n\n\n

    1. Decision-making<\/strong><\/li><\/ol>\n\n\n\n

      There are four types of business structures in Australia:<\/p>\n\n\n\n