Starting a Business in Wallan: Your Step-by-Step Checklist
8 December 2025 · 7 min read
Starting a business in Wallan or the wider Mitchell Shire is exciting — but the admin can feel overwhelming. Use this checklist to make sure you start on solid foundations.
1. Choose your business structure
Decide whether you’ll operate as a sole trader, partnership, company or trust. This affects your tax, your liability and your paperwork, so it’s worth getting advice first.
2. Register your ABN
You’ll need an Australian Business Number to invoice customers and register for other taxes. We can usually sort this out the same day.
3. Register a business name
If you’re trading under a name that isn’t your own, you’ll need to register it with ASIC.
4. Register for GST (if needed)
Once your turnover reaches $75,000 you must register for GST. Some businesses choose to register earlier.
5. Set up your bookkeeping
Choose accounting software (Xero, MYOB or QuickBooks), set up a business bank account, and put a system in place to track income and expenses from day one.
6. Understand your tax obligations
Know your BAS, PAYG and superannuation responsibilities — especially if you’ll be hiring staff.
7. Get a local accountant in your corner
A good accountant saves you money and stress. We help new businesses across Wallan launch the right way and stay on track. Call Shannon on 0430 339 398 for a free consultation.