Chapter 7

Registering a business and other admin tasks

After all the excitement of deciding to start a business, you’ll have some paperwork to do.

Person puts up a sign for their business called Sticks and Thrones.

How to register a business with the government

You have a few official steps to walk through before you’re in business:

  • Register a business name: You must check your business name is available and register it with BizFile+.
  • Figure out GST: Businesses that expect annual taxable income of more than $1 million must register for GST. Businesses with less income can voluntarily register. Learn more from IRAS.
  • Register a company: To set up as a company, you must register with the Accounting and Corporate Regulatory Authority.

There may be other departments to speak to for things like:

Where to get help

If you’re unsure of your obligations to the government, there are people who can help. Look for industry associations for your type of business, search around for a Chamber of Commerce and other local business advocacy groups, find businesses like yours and ask the owners what regulations they have to comply with, or simply speak to a local accountant.

Disclaimer

Xero does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the provided content.

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