Changing your business structure

If you change your business structure, you may need to cancel your Australian business number (ABN) and apply for a new one.

Before changing your business structure, you should understand the impact this will have on your business and clients. This may include changes to tax obligations and other business registrations. Please remember to update all invoices and business documents with the new ABN if granted.

Examples of when you need to cancel your ABN include:

• individual/sole trader to partnership
• partnership to company
• individual/sole trader to company.

We recommend you seek professional advice before cancelling your ABN.

See also

• Business structures - key tax obligations