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Running two businesses under the one address

Discussion in 'Business & Startup Investing' started by Ems, 18th Apr, 2016.

  1. Ems

    Ems Member

    15th Mar, 2007
    Hi All,

    I'm looking at buying an established takeaway but it is currently being run within a 100m2 property. I'm looking at setting up a completely new business and sharing the property - so two businesses under the one address.

    Is this allowed and if it is what do I need to know in regards to tax etc? Anything else I need to do/know? I was going to have different ABNs (If needed)/different financials etc to keep all clean and tidy.

    Would it be best to just half all the expenses 50/50?