Small Business Start-Up Requirements

TO: (Insert Name) DATE: (Insert Date) RE: Business Setup Requirements INTRODUCTION With starting and setting up a new small improvident letter, numerous tasks and requirements must be undertaken. These requirements allow the organisation to start legally, without infringing on others ideas, products or names. Below, many of the tasks argon listed and explained, for your benefit and convenience. statutory REQUIREMENTS in the first place your small pedigree stooge commence operations, at that place are a sum of Statutory Requirements, which must meet. First of all, it is ask that you cash memorialize your workplace. This involves filling out an application form. The form requires the business proprietor to state the type of business, which for you case, is an advertising agency; whether or non the business shall be operated from home; will there be any additional employees; and whether the business will be secede as a sole-trader, partnership or company. A busine ss name must also be memorialed (and is discussed later), and keep for an Australian Business Number (ABN). An ABN is the key to the new revenue System, allowing the Australian Taxation Office to identify 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 Award System must be implemented, which sets out guidelines relating to hours worked by staff, rate of wages, payment of overtime, and annual and funereal leave. Also, a record book must be maintained, detailing times worked by staff. REGISTERING A BUSINESS NAME Unless you paying attention to use your own name as the business name, it is a legal re quirement that the business name is register! ed. It is also inevitable that the business intends to carry on within two months of rest an application, and a business address must also be supplied. The process for business enrollment is as follows: -The business readjustment form... If you want to get a full essay, order it on our website: OrderEssay.net

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