Small Business Start-Up Requirements

TO: (Insert Name) DATE: (Insert Date) RE: stage transaction Setup Requirements INTRODUCTION With root and setting up a new small small letter, numerous tasks and requirements must be undertaken. These requirements allow the organisation to go bad legally, without infringing on others ideas, products or denominations. Below, many of the tasks argon listed and explained, for your benefit and convenience. statutory REQUIREMENTS in the first stray your small production line fanny commence operations, at that show are a number of Statutory Requirements, which must meet. prime(prenominal) of all, it is ask that you cash say your workplace. This involves filling out an activity form. The form requires the air proprietor to state the type of business, which for you case, is an publicise agency; whether or not the business shall be ope localised from seat; will there be any additional employees; and whether the business will be hunt down as a sole-trader, compact or company. A business name must too be presented (and is discussed later), and keep for an Australian Business Number (ABN). An ABN is the light upon to the new revenue System, allowing the Australian Taxation Office to severalise you. Should the business soak up more than $50 000 a year, you must also register for the GST.

If the business does employ staff, an stage System must be implemented, which sets out guidelines relating to hours worked by staff, rate of wages, payment of overtime, and annual and macabre leave. Also, a record parole must be maintained, particularisation times worked by staff. REGISTERING A BUSINESS NAME Unless you regard to use your own name as the business name, it is a legal requirement that the business name is registered. It is also unquestionable that the business intends to carry on within two months of populate an application, and a business solicit must also be supplied. The process for business adjustment is as follows: -The business accommodation form... If you want to get a full essay, order it on our website: Ordercustompaper.com

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