Five Good Friends acts as a Facilitator matching Members to Helpers. Helpers on the Five Good Friends platform are Independent Contractors and require an ABN to invoice Members for services.
An ABN is a unique 11 digit number that identifies your business (companies and sole traders) to the Government. ABN's are free when you register with the Australian Business Register (ABR).
How to apply for an ABN
To Apply for an ABN you need to be:
- genuinely running your own business
- paying your own income tax and GST directly to the ATO
- maintaining a business bank account separate from your personal account
If you previously had an ABN that's been cancelled it can reinstate if your business structure is not changing by reapplying for an ABN.