Legal Considerations

• Register your business name with the Office of Fair Trading.
• If your business is a company, register your company name with the Australian Securities and Investment Commission.
• Register for an Australian Business Number (ABN) with the Australian Taxation Office or online at the Australian Business Register.
• Register for the relevant taxes, including GST and PAYG.
• If you intend to employ, obtain information on awards, superannuation policies, workers compensation, PAYG taxes, as well as other relevant employment information. 
• Also have a look at Employment Conditions.
• Check on what licences/registrations may be required for your business through the Office of Fair Trading.
• Check with your local council regarding zoning, health regulations and whether you need to lodge a Development Application or Building Application.
• Develop an Intellectual Property Register for logos, trade marks, patents, copyright and designs.  Talk to IP Australia for more information.

Setting Up Your Finances

• Set up a business bank account.
• Discuss your financial position and any loan arrangements with your financial institute.
• Consider credit arrangements (for instance EFTPOS and credit facilities for your customers).
   

Operating a Business

• Arrange for business insurance, including public liability, vehicle, fire, burglary, professional indemnity and sickness.
• Order and purchase any trading stock and determine terms of payment, delivery and freight.
• Sign-up for VillageMall® Business Services.
   

Visit VillageMall's Small Business Resources for more detailed information.