Business Checklist.pdf - City of Perth

Starting a small BUSINESSSTARTING A SMALL BUSINESSOwning a successful businesscan be one of the most challengingand rewarding adventuresof your life.Starting a business involvesmore than having an idea andselling a product or service.Establishing a business withlongevity, high productivity andcompetitiveness requires hardwork.You don’t have to do italone! There are manyservices and resourcesavailable to guide youthrough the process. Referto the business checklistand other informationprovided.EconomicDevelopment UnitCity of Perth PO Box C120, Perth WA 6001 Tel 9461 3198 Fax 9461 3409WWW.PERTH.WA.GOV.AU

CHECKLISTMAKING AN INFORMED DECISIONBe well informed and critically exploreyour business idea to determine its viability.It is vitally important to consider awide range of internal and external factors,such as your motivation to start abusiness, your skills and experience,identifying your target markets, insurancerequirements (including publicliability), location requirements and yourfinancial situation and goals. Youshould also consult a financial planner(your bank may be able to assist).REGISTERING YOUR COMPANY ORBUSINESS NAMEThe Australian Securities and InvestmentCommission (ASIC) requires businessesto register their company nameand obtain an Australian CompanyNumber (ACN).SERVICES AVAILABLEAustralian Bureau of StatisticsW: www.abs.gov.auSmall Business Development CorporationW: www.smallbusiness.wa.gov.au/feasibility-of-the-business-idea/Chamber of Commerce and Industry Western AustraliaW: www.cciwa.comSmall Business Development CorporationT: Phone: 13 12 49W: www.smallbusiness.wa.gov.auAustralian Securities and Investment Commission (ASIC)W: www.asic.gov.au/asic/ASIC.NSF/byHeadline/Business%20namesIf you need assistance to determine thebest business structure for your businessplease contact the Small BusinessDevelopment Corporation.AUSTRALIAN BUSINESS NUMBERAND TAX OBLIGATIONSNot all business require an ABN. However;businesses expecting a turnoverof more than $75,000 a year must registerfor the Good and Services tax(GST).Australian Tax OfficeT: Phone: 12 28 61W: www.ato.gov.au/businessSmall Business Development CorporationT: Phone: 13 12 49W: http://www.smallbusiness.wa.gov.au/business-structuresBUSINESS PLANNINGA good business plan is like a map,showing the best path to take advantageof business opportunities andto achieve business goals.Small Business Development CorporationT: Phone: 13 12 49W: www.smallbusiness.wa.gov.au/business-planning/Business FoundationsW: www.businessfoundations.com.auChamber of Commerce and Industry Western AustraliaW: www.cciwa.com

CHECKLISTSTAFFStaff are one of the greatest assets foryour business, so it is vital that you hirethe right people for the job.Once you've found good staff it's importantto look after them to create avibrant business.SERVICES AVAILABLESmall Business Development CorporationT: Phone: 13 12 49W: www.smallbusiness.wa.gov.au/employing-people/Australian Tax OfficeT: Phone: 12 28 61W: www.ato.gov.auLICENCES OR PERMITS TOOPERATEDifferent businesses require differentlicences and permits.The City of Perth can assist businessesto negotiate the approvals processwhereby the project aligns with thegoals of major economic developmentprograms and initiatives.Please visit the links opposite for furtherinformation.Approval Services Business/Doing Business in the City/Make an application/Licenses and PermitsSmall Business Development CorporationT: Phone: 13 12 49W: www.smallbusiness.wa.gov.au/business-licences-permitsDepartment of Racing, Gaming and LiquorT: Phone: 1800 634 541W: www.rgl.wa.gov.auPlease contact the Economic Development Unit via emailto ecodev@cityofperth.wa.gov.au or on +61 8 9461 3198,for any further information ...EconomicDevelopment UnitCity of Perth PO Box C120, Perth WA 6001 Tel 9461 3198 Fax 9461 3409WWW.PERTH.WA.GOV.AU