Want to start a new business, Any age limits ?

Go Back   Living and Working in Australia Forum With Immigration and Travel Information > Living in Australia > Business and investment

Business and investment Please use this section to talk about all your business needs in Australia. Do you want to start a new enterprise in Australia? Are you looking at making investments into the Australian business sector? Do you have queries about as and accounting procedures and regulation? Feel free to discuss this and more with other members of Australia Forum.

Like Tree1Likes

Want to start a new business, Any age limits ?


Closed Thread
 
LinkBack Thread Tools
  #1 (permalink)  
Old 11-16-2010, 12:30 PM
Active Member
 
Join Date: Oct 2010
Posts: 19
Please update your flag here .

1 likes received
Want to start a new business, Any age limits ?

hi,
Well I am thinking to start a new business of ticket making, I like to know what are the age limits or rules related to starting a new business. .. ?
as I am new here. So also tell me what are the business starting laws for a person who is not a citizen of australia...


  #2 (permalink)  
Old 12-04-2010, 09:47 PM
Moderator
 
Join Date: May 2010
Location: Sydney
Posts: 685
Users Flag! From australia

56 likes received
1 likes given
I think you will find most answers under this link ABN essentials

Basically you register yourself as a company - register for ABN. That way you are entitled to issue invoices to your customers and these invoices must include your ABN number (you can apply online on ATO website). In the end of financial year you need to work out the tax that you need to pay.

garden sheds likes this.

  #3 (permalink)  
Old 02-22-2011, 03:44 AM
Senior Member
 
Join Date: Apr 2010
Posts: 90
Please update your flag here .

1 likes received
Smile

I inferred that the age limit of 18 is because of counterparty risk. Basically, anyone that is under 18 is legally able to sign a contract, but can break that contract at any time. Therefore, a car dealer, bank, etc. wouldn't want to sign a contract where the counterparty can break the deal at any time.


Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 02-28-2011, 02:27 PM
Active Member
 
Join Date: Feb 2011
Posts: 14
Please update your flag here .

Quote:
Originally Posted by Ashley Wilis View Post
hi,
Well I am thinking to start a new business of ticket making, I like to know what are the age limits or rules related to starting a new business. .. ?
as I am new here. So also tell me what are the business starting laws for a person who is not a citizen of australia...
How about if you will register your company in your own country and then to advertise and sell on the market that you want. There is no limit on the internet... you can have you business registered in any country and sell everywhere.


  #5 (permalink)  
Old 02-23-2012, 05:57 AM
Active Member
 
Join Date: Feb 2012
Posts: 5
Users Flag! From australia

If you set up a business with the structure of a company you need to be over 18. This is because ASIC [Australian Securities and Investment Commission] will not allow you to be a director of a company unless you are over 18.


  #6 (permalink)  
Old 02-25-2012, 08:13 AM
Active Member
 
Join Date: Feb 2012
Posts: 5
Users Flag! From india

hi this is ver good question..yes no age limit to start a business..


  #7 (permalink)  
Old 02-25-2012, 10:28 AM
Active Member
 
Join Date: Feb 2012
Posts: 7
Users Flag! From philippines

1 likes received
I've started business at age of 22 in our country. Hope I can be able to do so in Australia.


  #8 (permalink)  
Old 03-01-2012, 10:48 AM
Active Member
 
Join Date: Jan 2012
Location: Adelaide
Posts: 20
Users Flag! From australia

Starting a business require age limits.You should study comprehensively about the major business laws in Australia.Wish you all the best.


  #9 (permalink)  
Old 04-01-2012, 04:31 PM
Active Member
 
Join Date: Apr 2012
Posts: 6
Users Flag! From czechrepublic

I think you can start after 18 years. Then it depends on your experience and skills.


  #10 (permalink)  
Old 04-05-2012, 04:47 PM
Active Member
 
Join Date: Apr 2012
Posts: 7
Users Flag! From australia

1 likes received
Talking No regulations

Hi, look basically there is no limit. I have been running a business since i was 16, it is now a fully incorporated private company.


Closed Thread

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Already on 457 but would like to start own business schott19 Visas and immigration 11 02-10-2012 02:57 AM
SRS 475 visa work restrictions/limits? JTAJ New member introductions 0 09-08-2011 12:49 PM
How to start a successful business? jparker2011 General chit-chat and news 8 05-29-2011 02:45 PM
417 visa work limits help JenniferFletcher Visas and immigration 1 04-08-2011 11:29 AM
Currently sponsored, want to start a local business froggie Visas and immigration 5 02-28-2011 12:18 AM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.


All times are GMT. The time now is 08:26 PM.




Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
SEO by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
AustraliaForum.com