I am a 15-year-old aspiring artist who is interested in doing commissions for online customers. I am hardworking and passionate about art. Where should I start and how do I set up my own company? I have no idea how I am supposed to be paid online without giving away my bank details and possibly being scammed. What do you think?
I think you’re fantastic. That’s what I think. I also think that the lessons you’ll learn from setting up your business will be as valuable as any subject at school.
For simplicity, I’d start off as a sole trader which allows you to use your individual Tax File Number. Once you’ve got that, sign up for an Australian Business Number (ABN) with the Tax Office. Then set up a bank account with your business name — Zoe’s Picasso Productions or whatever you want. Then it’s time to set up a basic online store — via Shopify or PayPal — to accept payments.
After all that, the real work begins: finding customers, working out your pricing, and building your brand. Good luck, and send me a link to your online shop when it’s up and running!