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Business Legal Requirements no 6

Business Legal Requirements no 6. Every business who sells and buys goods and services is affected by laws. Registration and licensing. There are over 700 licenses that can be issued to business in order to operate. Restaurants, hairdressers etc must have a licence to operate.

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Business Legal Requirements no 6

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  1. Business Legal Requirements no 6 Every business who sells and buys goods and services is affected by laws

  2. Registration and licensing • There are over 700 licenses that can be issued to business in order to operate. • Restaurants, hairdressers etc must have a licence to operate. • In QLD owners must go to the website www.sd.qld.gov.au/dsdweb/htdocs/slol • HAVE A LOOK AT THIS NOW PLEASE

  3. Registering the business name • Laws cover the names businesses use. Business must not use the same name as another business. • Names can be searched using the department of fair trading web page • www.fairtrading.qld.gov.au • GO TO THIS NOW and click on the names search section

  4. ABN • All businesses in Australia must be registered for an ABN. (Australian Business Number) • Once this is done businesses can then choose to register for GST if they earn over a specified amount $70 000

  5. Employing Staff • Many factors influence how staff can be paid • Full Time • Part Time • Casual • Contracts • Other factors employers must take into consideration include PAYG – Pay as you go tax which is tax withheld from wages • Employers must also contribute 9% super and have workers compensation insurance.

  6. ASSIGNMENT • Teacher will now distribute the assignment for you to look at

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