What to consider when starting a business
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Created by: Christopher Le
Modified on: Tue, 2 Mar, 2021 at 3:35 PM
- What business structure do you want? and consider the
- income generated,
- tax rate
- concessions (CGT)
- liabilities/responsibilities/asset protection of participants
- exit strategy,
- the longevity of the participants in the business structure
- What is the trading name / business name?
- Do you need to register for GST?
- Responsibilities if you want to hire people (family, friends, or other people)
- Market analysis - consider your target market, your competitors, your geographic position, etc.
- Other responsibilities
- Food authority;
- Council rules (food truck)
- State rules (EPA)
- Federal rules (Fuel credits, insurance, etc.)
- Long Service Corporation (check the state)
Registrations
Christopher is the author of this solution article.
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