ABN entity types explained
- Individual/Sole Trader — a person trading in their own name. The ABN record shows the person's name.
- Australian Private Company — a Pty Ltd company registered with ASIC; it has an ACN.
- Australian Public Company — a Ltd company, which may be listed on a stock exchange.
- Discretionary Trading / Investment Trust — family trusts that run a business or hold investments.
- Family Partnership / Other Partnership — two or more people or entities carrying on a business together.
- ATO Regulated Self-Managed Superannuation Fund — an SMSF.
- Strata-title — an owners corporation (body corporate) for a strata building.