Types of Businesses We Support
Cloudfloat works with a wide range of business structures across industries. The following business entities are eligible for our services:
Sole Traders: Individual operators managing their own business.
Partnerships: Two or more individuals or entities conducting business together.
Companies: Legally registered entities with limited or unlimited liability.
Trusts: Entities operating with assets managed by trustees for beneficiaries.
If your business falls into one of these categories, you may be eligible to use Cloudfloat to manage your cash flow more effectively.
Eligibility Criteria
To maintain service quality and ensure compliance, businesses must meet the following requirements:
GST Registration
Businesses must be registered for GST for at least 4 continuous months.
For Sole Traders or Individuals, GST registration must have been active for a minimum of 6 continuous months.
Active Business Identity (for Sole Traders/Individuals)
A valid, active business name is required.
The business must have a functional, up-to-date website to verify operational status.
Documentation & Compliance
Businesses must provide valid and verifiable documentation upon request.
All information should align with the Australian Business Register (ABR) or other official databases, depending on your jurisdiction.
Why These Criteria Matter
These requirements help ensure the integrity, reliability, and security of our services. By supporting businesses with a proven operational history, Cloudfloat can:
Offer smoother cash flow management.
Maintain a secure financial environment for all users.
Minimise risk while providing flexible payment solutions.
If you’re unsure whether your business qualifies or need further guidance, our support team is here to help.