If you are looking to register a company, get in touch with LegalVision’s business lawyers for a free fixed-fee quote and consultation.

 

If you carry on a business, you will have an ABN. An ACN is also relevant for business but an ABN and ACN are two different numbers, used for different purposes. In this article, we will explore the differences between and ABN and ACN and the different functions each serves, and under which circumstances it is appropriate to use one or the other.

If you have an ABN, it is unnecessary to register for GST if your annual turnover does not exceed $75,000 or if you have a not-for-profit organisation with a turnover of less than $150,000.

You are required to have an ABN and ACN to register a .au country-level domain in Australia. Read our article to learn more about how to register a domain name in Australia. 

Key Takeaways

Applying for an ABN and ACN is a crucial step to setting up a business. Read our article for more information on reapplying, updating or cancelling an ABN or ACN.

If you’re setting up a business and need assistance choosing the right business structure, or wish to reassess the business structure under which you currently operate, give LegalVision a call on 1300 544 755 today or fill out the form on this page. Our business lawyers will assess your legal needs and provide you with a fixed-fee quote.

Lachlan McKnight
If you would like further information on any of the topics mentioned in this article, please get in touch using the form on this page.
If you would like to receive a free fixed-fee quote for a legal matter, please get in touch using the form on this page.