I want to start dropshipping but I want to know if my store fails do I need to create a new ABN for the new store and for every other store I create
Hi @Ph00,
Nope, you can run multiple stores under the same ABN if you'd like to. You also won't need a new one each time you close a store down if it fails. If you run it all under one ABN, you'll report it all under that single ABN too. Keep in mind that GST registration is also taken at the ABN level. This means if your total GST turnover for your ABN is greater than $75,000 per year you'll need to register for GST.
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Hi @Ph00,
Nope, you can run multiple stores under the same ABN if you'd like to. You also won't need a new one each time you close a store down if it fails. If you run it all under one ABN, you'll report it all under that single ABN too. Keep in mind that GST registration is also taken at the ABN level. This means if your total GST turnover for your ABN is greater than $75,000 per year you'll need to register for GST.
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