A new financial year is a great time to set your business up for where you’re heading — not where you’ve been. If you’re running your business as a sole trader and looking to grow, switching to a Pty Ltd company could be your next step. And doing it now — at the start of the financial year — keeps things simple and clean.
Why it makes sense to move now
If you switch mid-year, things can get messy:
→ Two sets of financials
→ Mixed BAS and payroll
→ Extra admin you really don’t need
Starting now means your company is set for the full year — no crossover, no complications.
It’s also a great headspace shift — “this is the year I’m growing my business properly.”
Why move to a Pty Ltd company?
- You’re ready to hire or bring on subcontractors
- You want more protection — reduced personal liability
- You want clear separation between personal and business money.
- You want a proper business structure — not patching things together
We’ll take care of it for you
Our Full Service Pty Ltd Company Set-Up takes the stress off your plate — so you can focus on growing.
- ABN and TFN registration
- ASIC registration and ATO obligations
- Company register + share certificates
- Free Xero set-up
- All compliance sorted
- Full support as your business grows
Is this the right move for you?
If you’re:
→ Earning more than last year
→ Planning to hire
→ Ready to grow
→ Wanting to “do it properly” this year
Let’s have a quick chat.
We’re offering a Free 20-Minute Consultation — we’ll help you work out if this is right for your business.
No jargon. No pressure. Just good advice.
FAQs
Yes — once your company is registered and active, your sole trader ABN can be cancelled. We’ll advise you on the right timing and handle this for you.
Yes — your company will need its own bank account (separate from personal accounts). We’ll guide you through what’s required.
Most company setups can be completed in 1–2 weeks. Some are even faster. The sooner you start, the sooner you’ll be ready to move forward.
Yes — if you’re hiring staff or subcontractors, a Pty Ltd company helps you do it properly, with the right legal protections in place.
This is more about structure and growth — not just tax. Moving to a company gives you more flexibility and security as your business expands. We’ll guide you through what changes and what stays the same.
We handle:
→ ABN and TFN registration
→ ASIC registration
→ ATO obligations
→ Company register + share certificates
→ Free Xero set-up
→ All compliance sorted — plus full support as your business grows
That’s what the Free 20-Minute Consultation is for — no obligation, just good advice on what’s best for you and where you’re heading.
At The Pen Accounting, we specialise in helping creative businesses like yours achieve financial success. From bookkeeping to tax advisory and business strategy, our services are tailored to the unique needs of the creative sector in Australia. If you’re ready to take control of your financial records, contact us today and discover how we can help your business grow.
Disclaimer: This is general information only and is not advice of any sort. No warranty or representation is provided by The Pen Accounting as to the accuracy, currency or completeness of the information contained in this blog. Readers of this blog should not act or refrain from acting in reliance upon any information contained herein and must always obtain appropriate taxation and / or other advice as may be appropriate having regard to their particular circumstances.
