Business Start-Up

Are you starting a new business?

A business start-up, will require you having to devote a lot of time and energy to build it into a successful enterprise. But, you don’t always have the expertise in the legal and financial aspects of creating a new business, so it is really important that you get the right support.

When starting a new business(and even afterwards) you will need a good support system and seeking experienced guidance is the best support system of all. Seeking help from a family member or friend that you can bounce ideas off and who will listen sympathetically, is considered as being invaluable or even better, you can find a mentor.

Singh Accountants are well versed in this subject and our professionally qualified public accountants understand through practical experience the constraints that can crop up during a business start-up. Our public accountants will mentor you through the following start-up business requirements:

  • Deciding on the most suitable structure for your business – Sole trader, partnership, or limited company.
  • Preparing a business plan, cash flow projections, budgets, and trading forecasts.
  • Assessing your finance(start-up funds) requirement.
  • Advising on the best sources of finance for your start-up funds, and drawing up the necessary proposals.
  • Registering your business for an Australian Business Number (ABN).
  • Completing registration procedures with the Australian Securities and Investments Commission (ASIC).
  • Getting Business Insurance to protect your business in the event of disaster or litigation.
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Business Start-up Reads

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Buying a Coffee Shop or Takeaway Business – Common Mistakes and Key Things to Consider

  Buying a Coffee Shop or Takeaway Business comes with the usual challenges and considerations of starting a new business. In addition to that, you will find café and takeaway businesses operate in a highly regulated industry sector. While there are non-monetary rewards from running a business, these can be very personal and hard to[…]

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