Sunday, January 20, 2013

i would like to start business in Australia?

Q. I would like to start business in Australia, which authorities should i approach?

A. If you want to operate under a business name, you have to register it with your State's appropriate department plus you have to obtain an ABN from the ATO(Australian Tax Office).

You should also get advice from an accountant whether you need to operate as a company or just under a business name.

If I obtain a business license this year, do I have to start business now?
Q. I am planning on starting a small retail business, however wasn't sure if I had to start the business this year if I get the business license now. There is a tradeshow coming up next month, but requires you to show proof of business license to get in is the problem and I really would like to go as it will have meeting opps for wholesalers, etc. If, I don't have to start business this year, will there be anything to worry about having to do for tax filings next year???

A. You can have the license and start the business in the near future-You will only file business taxes which are suppose to be done quarterly when your business makes money-Sometime businesses take time because of business plans and finance

What should I put in a care package for someone about to start business school?
Q. One of my best friends is about to start business school and I'd like to send her a care package. Do you have any recommendations as to what I should include? thanks!

A. What a great gesture. Here are a few suggestions:
DVD - RW's and DVD R's,
an iTUNEs card,
CD-RW's and CD - R's
high energy snacks and drinks (trail mixes, Red Bull)
soft fuzzy socks (for long cold nights of studying)
a picture of the two of you
a nice note of encouragement
Target giftcard

Good luck to your friend

I have 5 thousands and want to start business? What are the businesses I can start with 5 thousands.?
Q. I have 5 thousands and want to start business? What are the businesses I can start with 5 thousands. My credit score is not so good which I am trying to improve.

A. Due to the lack of decent answers so far I guess I'll have to give it a go!

The fact that you've managed to build up 5000 in savings given your bad credit score (I assume the 5000 of which you boast is savings money?) is very impressive and is a very good sign.

But I certainly can't give you a decent business idea! Do you know what? If I had an idea for a business that would make me loads of money off £5000 I certainly wouldn't share it with you! YOU need to have a good idea to start a business, look for a niche in your local community or a problem with an existing product.



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