What I need to start a business?

Anonymous

What I need to start a business?

I am looking at starting to do photography as a stay at home job as I haven't had a lot of luck looking for work and I am passionate about taking photos.

I just want to ask of all the others that have taken this route and set a studio up at home.. Do I need insurance? Should I get an ABN?
I'm on Centrelink.. Do I need to tell them that I am trying to start a business?

I am lost, I am currently just doing freelance work for friends and family but want to start charging people as soon as possible..

If someone could just guide me in the right direction.
I live in QLD if that helps!

Posted in:  IM's In Business, Money

1 Replies

Anonymous

You can start charging now. It doesn't become a business until you start earning a certain dollar amount, so you need to tell centrelink until you earn money. You will need to be able to fill in a profit and loss balance sheet for centrelink every few months so you'll need an accountant or you'll have to do yourself. So you might find a book keeping course helpful

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