Often people are so busy worrying about sales, marketing and branding when they first start a business that they don’t stop to consider how can I protect my business?
It shouldn’t be an after-thought.
We all want to be successful and we hope for the best, but things don’t always go to plan. It is worthwhile spending some time to set things up correctly from the start. It may save you a lot of pain later down the track!
Check out this great video from the ATO for a summary of the most common business structures:
Spend a few minutes checking out the competition BEFORE you start to spend money on your website, branding and marketing. It is free to check.
The best place to find out (for free – bonus!) what licenses you need is the Australian Business Licence and Information Service, or ABLIS.
Use their easy search function to find relevant information for your business on licenses, registrations, permits and assistance you need, across all levels of government.
You should have these six recommendations covered BEFORE you start trading in your business. If you have missed anything, there’s no time like the present to sort it out.
This is NOT an exhaustive list, but we think it is a good starting point for new business owners. You might like to read some of our other free legal guides here.
Need some proper legal advice?
Use our handy online scheduler to book a free consultation with Her Lawyer today. We provide a range of legal services for business owners Australia-wide.