Category: Business set-up

ACN vs ABN: what you need to know

When starting up a business, it is essential that you understand crucial elements to running a successful enterprise, which include acquiring an Australian Company Number (ACN) or Australian Business Number (ABN). By having an ACN or ABN, your company or business …

The Great Resignation – Everything You Need To Know

The World Economic Forum reported that 41% of employees worldwide plan to leave their jobs this year, forming the start of The Great Resignation. There are thousands of scary stories already rising up about The Great Resignation. But your business’ doesn’t need to …

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Does My Business Need Workers Comp Insurance?

Insurance is a must-have. In order to keep your business and yourself as a business-owner protected, it is essential to have the correct insurances in place. You may have asked yourself the question: does my business need workers comp insurance? Key points …

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Why do I need a trademark?

Why do I need a trademark? Intellectual property refers to your business’ intangible creations of human intellect. What does that actually mean? Your brand’s value will continue to grow as it becomes more recognisable to the public and your prospective clients. …

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How to choose the right accounting software for your business?

Today, businesses of all sizes use accounting software to keep track of their revenue and inventory, and forecast sales.  Key points to remember  There are many different accounting software providers that offer different features at different price points. There are industry …

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Time for a break? Managing overwork as a small business owner

Approximately a quarter of Australian small business owners have become ill due to stress, ultimately needing time off work and defeating the whole purpose of productivity. Most business owners find that they are so invested in their work that they are …

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When do I need a privacy policy for my business?

It is sometimes difficult to know when you need to implement a privacy policy in your business. When operating a business in Australia, you will inevitably collect, store and use information provided to you by your customers. This often includes potentially …

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Do I need legal advice when buying a business in Australia?

Buying a business in Australia is a highly-complex process which, depending on the type of business being purchased, may involve a number of intricate steps to successfully complete. Seeking the support of an Australian business lawyer will help you navigate each …

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Employee vs contractor: what’s the difference?

When engaging a worker for your business, it is important to determine whether that worker is an employee or an independent contractor. It is critical to determine which relationship exists, as employees and contractors have different rights and entitlements that your …