To company owners and/or accountants I wanted to get your high level feedback on if you think this situation would be better suited to a company structure or just operate as a sole trader with ABN, etc. I'm currently a PAYG full-time permanent employee of a company. I am looking to increase my income on the side with a bit of online business which I'd say would be minimal in the first year... perhaps 5-10k? To allocate associated income and expenses accordingly and given the small size should I just setup an ABN and just report a yearly BAS? I am in the 40% tax bracket at present though perhaps the associated fees with setting up a company may not be worth my while given the small income? The legal entity seperation and personal asset protection is a plus though...Any other way to protect personal assets if I was to just use an ABN? Is there a variety of reporting required depending on the size of the company? i.e. With minimal income could I just do a simply yearly financial lodgement?