Startup and Business Development

Startup and Business Development

There are no limits on who can become a great entrepreneur. We are here from the start to the end to ensure you are compliant and successful. Step by step guidance.

Explore our Startup and Business Development services

01

Review Business Strategy

  • Analyse your business idea
  • Determine whether your business idea has potential
  • Is there a need for your product or service?
  • Who will buy the product or service?
  • How hard will it be to develop your idea?
  • Is your idea financially viable?
  • How will you protect your idea?
02

Develop your Business Plan

  • An essential part of starting your business is developing your business plan. This will include the operational, financial and marketing aspects of your business. This is important if you are looking for a loan, applying for a business grant or pitching to investors. Lenders and investors want to see the true potential of your business idea.
  • The plan can also help you identify your goals and develop strategies for achieving them.
03

Make the right choices. Business structure

One of the key decisions you’ll make when starting a business is its structure The 4 most common types of business structures in Australia are:
  1. Sole Trader – the simplest structure, gives you full control
  2. Company – more complex, limits your liability because it’s a separate legal entity
  3. Partnership – made up of 2 or more people who distribute income or losses
  4. Trust – where a trustee is responsible for business operations
Assist you in choosing the right structure for your needs to ensure that you have the best protection and tax benefit.
04

Register your business

  • Confirm your business name is available
  • Company registration, ABN registration, Business name registration
  • Domain name registration
05

Marketing

  • Emails, website, logo, business cards and advertising strategies

FAQ

The 4 most common types of business structures in are:

  1. sole trader – the simplest structure, gives you full control
  2. company – more complex, limits your liability because it’s a separate legal entity
  3. partnership – made up of 2 or more people who distribute income or losses
  4. trust – where a trustee is responsible for business operations

  • A company business structure is a separate legal entity, unlike a sole trader or a partnership structure. This means the company has the same rights as a natural person and can incur debt, sue and be sued.
  • As a member you’re not liable (in your capacity as a member) for the company’s debts. Your only financial obligation is to pay the company any amount unpaid on your shares if you are called on to do so. However, directors of the company may be held personally liable if found to be in breach of their legal obligations.

So if your business sells goods and services that aren’t GST-free, you’ll have to register for GST if: 

  • You run a business or enterprise with an annual turnover of $75,000 or more 
  • You run a not-for-profit organisation with an annual turnover of $150,000 or more
  • You are a taxi or ride-sourcing driver – regardless of what your annual turnover is
Call 02 8358 5553 Get in Touch