In Australia, a small business is identified as a business or enterprise that employs fewer than 19 people. Most small businesses are owner-operated, also known as sole trader-operated.
But before you plan a new business, you should find out if you are qualified to start it. The Australian government prohibits certain people from owning a business. This includes people who have claimed bankruptcy or have been convicted of a crime.
Once you have a concept for your business, you must register your name with the Australian Securities and Investments Commission (ASIC).
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