A Guide To Starting A Business In South Australia
A guide tostarting abusiness inSouth ess
AcknowledgementsThe Department of State Developmentwould like to acknowledge theAustralian Taxation Office (ATO),Office of the South Australian SmallBusiness Commissioner (SASBC) andBevan Roberts, Dale Wood BusinessSales Consultancy, for their valuablecontributions in producing this guide.
ContentsAbout this guide. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Starting your business Checklist. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Getting started. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Buying a business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Buying a franchise. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Choosing a business structure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Business names, company names, domain names & trademarks. . . . . . . . . . . . . . . . . . . . . . . . . . . . 27Licences and permits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29Leasing commercial property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Employing people. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35Employees and contractors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39Employment contracts and remuneration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47Taxation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49A guide to starting a business in South AustraliaP3
Good ideas don’t alwaysmake good businesses,and unfortunately, a highpercentage of businessesfail within their first threeyears of operation.
Aboutthis guideThis guide is designed to help you start out on thepath to success by getting you to consider someof the main requirements and relevant points forstarting and operating a business in South Australia,including if you are looking to buy all or part of anexisting business.The guide will explain why it is important to carefullyplan your business negotiations and the types ofdifferent businesses you may buy and operate. Itincludes information about taxation, insurance andemployment requirements and provides links tomore detail.Migration informationIf you require information about migratingto South Australia, you may wish to engagethe services of a registered migration agent.You can locate a migration agent through theOffice of the Migration Agents RegistrationAuthority (OMARA) website: www.mara.gov.auThe information in this guide is intended to providean overview only and should not be consideredto constitute legal or financial advice. Should yourequire further information about any of the pointsin this guide, it is suggested that you consult anaccountant or lawyer.The Government of South Australia provides a widerange of services to support you in setting up andoperating a successful business in South Australia.Visit the Department of State Development smallbusiness website: www.statedevelopment.sa.gov.au/smallbusinessTo find your nearest business advisory service inmetropolitan and regional South Australia visit theGetting advice section of the Department of StateDevelopment small business website or enquirevia email at: DSDSmallBusinessStrategy@sa.gov.auA guide to starting a business in South AustraliaP5
This checklist has been designedto help you think about theactions you need to take tostart your business in SouthAustralia, with links to furtherinformation and key contacts(not listed in any particularorder). Since businesses are sodiverse the list is not definitiveand should not be regarded asa substitute for professionalbusiness and legal advice.
Starting yourbusiness ChecklistActionI have researched and tested mybusiness ideaAssess and review: Your personal suitability (your character;qualifications, training, business skills andexperience; business and life goals; personalconsiderations i.e. family etc.) Your market/s (know your industry,product or service, customers, competitors,geography and business location etc.) Start-up costs (how much do you need tostart the business and for living expenses?etc.)I know where to find advice and supportNotesFurther InformationIn this guide: Getting Started (P13)Department of State Development – StartYour Own Business Workbook: Part A: Testingyou and your idea for a small ssBusiness Adviser / AccountantBusiness Advisory Centres in metropolitan andregional South Australia ess/getting-adviceSkills and Qualifications – WorkReadywww.skills.sa.gov.au / Infoline: 1800 506 266Traineeship and Apprenticeship eeshipsTelephone: 1800 673 097Department of State Development – Gettingprofessional advice guide ss Adviser / AccountantSmall Business Contact ServiceTelephone: 1300 142 820Business Advisory Centres in metropolitan andregional South Australia ess/getting-adviceI am buying a businessIn this guide: Buying a business (P15)Business Adviser / Accountant / LawyerI am buying a franchiseIn this guide: Buying a franchise (P20)Franchise Council of Australia (FCA)www.franchise.org.au / Telephone: 1300 669 030Business Adviser / Accountant / LawyerI am developing a business planDepartment of State Development – BusinessPlanning guide ss Adviser / AccountantBusiness Advisory Centres in metropolitan andregional South Australia ess/getting-adviceA guide to starting a business in South AustraliaP7
ActionNotesFurther InformationI have chosen a suitable businessstructureIn this guide: Choosing a business structure (P25)I know how and where I can obtainfinanceDepartment of State Development - Financing your businessguide ss Adviser / AccountantBusiness Adviser / AccountantI have decided upon the locationfor my businessDepartment of State Development – Locating your businessguide www.statedevelopment.sa.gov.au/smallbusinessI understand the essentials ofrunning my business from homeand have obtained council approvalDepartment of State Development – Home businessessentials guide g commercial property(I have obtained legal advice beforesigning)Your local Council – Local Government Association (LGA) ofSouth Australia www.lga.sa.gov.au/page.aspxIn this guide: Leasing commercial property (P31)Office of the Small Business Commissioner (SASBC)www.sasbc.sa.gov.au Toll Free: 1800 072 722 /Telephone: 61 8 8303 2026Business Adviser / Accountant / LawyerWill I/my staff be classed asan employee or independentcontractor?In this guide: Employees and contractors (P39)Business Adviser / AccountantAustralian Taxation Office r/Fair Work Commissionwww.fwc.gov.au / Telephone: 1300 799 675I have applied for my AustralianBusiness Number (ABN)In this guide: Taxation (P52)I have registered my business nameIn this guide: Business names, company names, domain names& trademarks (P27)Australian Business Register (ABR)www.abr.gov.au / Telephone: 13 92 26Australian Securities and Investment Commission (ASIC)www.asic.gov.au / Telephone: 1300 300 630I have a Tax File Number (TFN),have registered for GST and otherapplicable taxesIn this guide: Taxation (P49)Australian Taxation Office (ATO)www.ato.gov.au / Telephone: 13 28 66Business Adviser / AccountantI have the required licensing,registrations and permitsIn this guide: Licences and permits (P29)My staff and I are aware of thestandards, codes of practice andregistrations applicable to theindustryIndustry AssociationI have checked my products meetAustralian product safety standardsAustralian Competition & Consumer Commission (ACCC)www.productsafety.gov.auI have arranged insurance/s to covermyself, my business, my employees,my products/services, my suppliersand the publicIn this guide: Insurance (P47)P8A guide to starting a business in South AustraliaAustralian Business Licence and Information Service pxTelephone: 1800 188 018Australian Business Licence and Information Service pxTelephone: 1800 188 018Insurance Agent / Broker
ActionNotesFurther InformationI have registered and protectedmy Intellectual Property (IP)(trademarks, patents, copyrights,logos. etc.)In this guide: Business names, company names, domain names &trademarks (P27)I have registered my internetdomain name (i.e. your internetaddress)In this guide: Business names, company names, domain names &trademarks (P27)I understand my legal obligationsand the law that applies to mybusinessDepartment of State Development – The law and yourbusiness guide www.statedevelopment.sa.gov.au/smallbusinessI understand my rights andobligations when employing staffIn this guide: Employing people (P35) / Employees andcontractors (P39) / Employment contracts and remuneration (P43)Intellectual Property Australia (IP Australia)www.ipaustralia.gov.au / Telephone: 1300 65 1010.au Domain Administration Ltd (auDA)www.auda.org.au / Telephone: 1300 732 929Business Adviser / Accountant / LawyerBusiness Adviser / Recruitment ConsultantAustralian Taxation Office (ATO)www.ato.gov.au / Telephone: 13 28 66Fair Work Commissionwww.fwc.gov.au / Telephone: 1300 799 675Fair Work Ombusmanwww.fairwork.gov.au / Telephone: 13 13 94Equal Opportunity Commission (EOC)www.eoc.sa.gov.au / Telephone: (08) 8207 1977Business SAwww.business-sa.com / Telephone: (08) 8300 0000Traineeship & Apprenticeship eeshipsTelephone: 1800 673 097Safework SAwww.safework.sa.gov.au / Telephone: 1300 365 255ReturnToWorkSAwww.rtwsa.com / Telephone: 13 18 55I have developed my MarketingplanDepartment of State Development – Marketing your businessguide ss Adviser / Marketing ConsultantBusiness Advisory Centres in metropolitan and regionalSouth Australia ess/getting-adviceI understand business privacylaws and how to manage personalinformationA guide to starting a business in South AustraliaOffice of the Australian Information Commissionerwww.oaic.gov.au / Telephone: 1300 363 992P9
ActionNotesI understand how to set up andconduct business online safely andsecurely to protect my business andmy customersFurther InformationDepartment of State Development – Start Your Own BusinessWorkbook: Part B: Other issues to consider: nessAustralian Government Department of Industry,Innovation & Sciencewww.digitalbusiness.gov.auBusiness Advisory Centres in metropolitan and regionalSouth Australia ess/getting-adviceI have set up record keeping(including customer and employee)and financial accounting systemsDepartment of State Development – Start Your Own BusinessWorkbook: Part D: Getting started – Records nessBusiness Adviser / AccountantInventory Control – I understandhow to manage my stockDepartment of State Development – Managing your cashflow guide ss Adviser / AccountantI have researched applicablebusiness grants / fundingGRANTassistwww.grantassist.sa.gov.auI understand how to managemy cash flowDepartment of State Development – Managing your cashflow guide ss Adviser / AccountantBusiness Advisory Centres in metropolitan and regionalSouth Australia ess/getting-adviceI have chosen my supplier/s anddocumented the terms of tradein a written contract signed by allpartiesDepartment of State Development – Managing suppliersand customers guide www.statedevelopment.sa.gov.au/smallbusinessRisk management process – I haveidentified, assessed and prioritisedthe risks (incl: financial, operationaland environmental, legal, strategic,privacy and information) andmonitor them regularlyDepartment of State Development – Start Your Own BusinessI understand my legal obligationsand requirements when importing/ exporting goods or servicesDepartment of Immigration and Border Protectionwww.border.gov.auBusiness Adviser / Accountant / LawyerWorkbook: Part B: Other issues to consider – Managing siness Adviser / Accountant / LawyerDepartment of State Development – deTradestart t/tradestartassistanceP 10A guide to starting a business in South Australia
To give your business thebest chance of success it isimportant that you takethe time to research, testand plan your business ideabefore you start investingyour time and money actuallysetting up the business.
Getting startedKey considerationsDo your sumsPART A of the Department of State DevelopmentStart your own business workbook (visit the Guidesand workbooks section of the Department’s smallbusiness website: www.statedevelopment.sa.gov.au/smallbusiness) has some useful templates to helpyou test key considerations for your business idea,including:1. You should list all your living expenses to see whatyou need as a minimum take-home amount tomaintain your present style of living. Your personal suitability (your character;qualifications, training, business skills andexperience; business and life goals; personalconsiderations i.e. family etc.)3. Could you meet the repayments if the venturefails? How much will you need to set aside fortaxation and personal investment for the future? Your market/s (know your industry, product orservice, customers, competitors, geography andbusiness location etc.) Financial (understanding the financialrequirements of business is fundamental tosuccess. One of the main reasons small businessesfail is insufficient capital – underestimating howmuch money is needed to start and operate thebusiness and unrealistic expectations of incomingrevenues from sales:2. If you have to raise finance to start the business,you should consider the impact of this andwhether it poses a risk to your other assets.4. What is your current available capital and can youdo better by investing it on the money market?For example, if your current employment givesyou 30,000 a year and you have 30,000 in capitalthat you could invest at (say) 10%, then yourbusiness would need to provide a taxable incomeof: 30,000/ 3,000 ( 30,000 at 10%) 33,000Will it do this?What volume of sales would you need to supportthis?If you can keep 15 cents out of each dollar of salesthen you will need a volume of: 33,000 0.15 220,000 / yearor 18,333 / month or 4,230 / weekDo you predict that your proposed venture willmeet these targets?A guide to starting a business in South AustraliaP 13
Other financial considerationsTaxationIt is important to ensure you have enough capital toestablish the business and cover your costs. It mayhelp to consider:Ask your accountant about allowable deductionswhen calculating the potential return from yourventure. Ask about possible tax liabilities so you canplan for them. Taxation is discussed in more detaillater in this guide. How much capital do you have to start thebusiness and is it enough? Many businesses failbecause the owner does not have enough moneyto start and operate the business. If you have to borrow money, do you knowwhere and at what rates you can get this? If thisis a first-time venture you may find it difficult toraise money unless you have other assets that youcan put up as collateral against the loan. Are you obtaining money at the best rates?Check that you are not buying expensive money.Shop around for the best rates and terms. Askabout overdraft and credit facilities. What is your cash-flow and budget situation?You must plan, manage and monitor yourfinances and cash-flow as an on-goingfundamental part of your business strategy. Evenif you have an accountant, you as the businessowner, must understand the numbers, know thedifference between cash and profit and be incontrol of your cash situation. A cash flow budgetwill help you forecast what cash will be availableto meet your business expenses showing theexpected flow of cash in and out and predicts thebank balance at the end of each month. This willhighlight how well you are doing, help you followup with your debtors and take corrective action inadvance if necessary to avoid/minimise potentialproblems.Your accountant can help you determine whatfinancial records you should keep, the informationthey should contain and in what format (paper and/or electronic).P 14A guide to starting a business in South Australia
Buying a businessThere are a numberof factors involved insuccessfully buying abusiness. These include: Sales figures Operating costsfor the business Profitability ofthe businessSales figuresIs the product or service offered by the business likely to maintain or improve its marketability,or is it in danger of becoming over-sold, out of style or obsolete?Is the business in a good location or is this the reason it is for sale? Are there any predicted location‘Distrupters’ (e.g. major roadworks)?Are prices competitive? Are competitors gaining strength?Are there reliable records of sales over a sufficient period to assess business viability?Are the total sales categorised by product line, if applicable? Business assetsand liabilitiesAre bad debts deducted from sales, or are they still shown as receivables? Predictable markettrends in the industry.What is th
Starting your business Checklist . Business names, company names, domain names & trademarks. 27 Licences and permits . I have set up record keeping (including customer and employee) and financial accounting systems Department of State Development –
work/products (Beading, Candles, Carving, Food Products, Soap, Weaving, etc.) ⃝I understand that if my work contains Indigenous visual representation that it is a reflection of the Indigenous culture of my native region. ⃝To the best of my knowledge, my work/products fall within Craft Council standards and expectations with respect to
akuntansi musyarakah (sak no 106) Ayat tentang Musyarakah (Q.S. 39; 29) لًََّز ãَ åِاَ óِ îَخظَْ ó Þَْ ë Þٍجُزَِ ß ا äًَّ àَط لًَّجُرَ íَ åَ îظُِ Ûاَش
Collectively make tawbah to Allāh S so that you may acquire falāḥ [of this world and the Hereafter]. (24:31) The one who repents also becomes the beloved of Allāh S, Âَْ Èِﺑاﻮَّﺘﻟاَّﺐُّ ßُِ çﻪَّٰﻠﻟانَّاِ Verily, Allāh S loves those who are most repenting. (2:22
2022 Pricing 2022 MDX TRIM LEVELS (Configuration Options) MDX Starting at: 46,9001 MDX with Technology Package Starting at: 51,6001 MDX SH-AWD Starting at: 48,9001 MDX SH-AWD with Technology Package Starting at: 53,6001 MDX SH-AWD with A-Spec Package Starting at: 57,1001 MDX SH-AWD with Advance Package Starti
Business Plan for Printing inks, Starting a Printing Business, Starting a Printing inks manufacturing Business, Starting an Ink and Toner Cartridge Refilling Business, Starting an Offset Printing Press, Starting Corrugated Package Box Manufacturing Business, Startup, Startup Ideas, Startup Project,Startup Project for Corrugated Cardboard Box .
"Small Business: Sharpening the American Military's Competitive . Starting March 1, 2019 259 Starting June 1, 2019 289 Exhibit Space: Early bird pricing ends December 31, 2018 499 Starting January 1, 2019 600 Starting March 1, 2019 650 Starting June 1, 2019 700 Government Attendee 0
DO NOT size the generator based on starting kW alone. YOU MUST compare LR Amps to generator surge capability (table #3). SIZE the generator by following the sizing instructions. Running Load Starting Load General Residential Running Load Starting Load * For Multiple motor con gurations, sequence starting is assumed. Starting kW 2.5 5 7.5 10 12. .
Ford began applying the standard on the 2013 Fusion and Escape models. Other vehicles meeting this standard include Transit Connect and Flex (starting with 2014), Mustang, Transit, F-150, Edge (starting with 2015), Lincoln MKX (starting with 2016), and Super Duty Pickup/Chassis Cab and Continental (starting with 2017). OUTSTANDING TOWING CAPABILITY. The following vehicles are not recommended .
