Thank you to our accounting software partner Xero for this great content.
There is a bit of paperwork and people who need to know about your new business. Here are a few fundamentals you need to know.
There are a few government departments that need to know about your business:
If you’re setting up as a company, you’ll need to choose and register a name and get set up with the Australian Securities & Investments Commission (ASIC). You’ll need to submit documents explaining how your company will operate and identify who the decision-makers will be. You can start the process through the Business Registration Service.
There may be some more to do if you’re entering a regulated industry. A caterer, for example, needs to be registered and have a food control plan – and possibly a liquor license. Speak to friends in the industry, or your industry representative body to find out if there are special requirements.
You can legally protect a business name and logo to prevent others from mimicking your identity. This can be a valuable step for businesses that plan to invest a lot in making their brand widely known.
This area of the law can get complicated – especially if you expand into overseas markets and find there’s a business there with a similar name. Ask for advice from a legal professional with experience in this area.
At the very least, use trademark registries (and search engines) to check that no one already has your business name. It’s an easy way to save yourself a lot of hassle.
Ensuring you have documentation such as Terms and Conditions of Trade in place is really important for a new business.
They will help you mitigate risk, and ensure you have a robust onboarding system in place to protect your cash flow.
We can tailor your contracts to your operation with our end-to-end solution.
Disclaimer: EC Credit Control does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided.
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Bear Plumbing Pty Ltd12. August, 2024.We have been working with EC Credit Control for over 15 years. They have always provided us with great service. Always proactive in providing us the latest changes in our terms of trade, privacy policies, as well as a very easy to use debt collection service.HELEN RICHARDS8. August, 2024.Amazing to deal with. Streamline process and all via email so things could be completed. Highly recommend!Amitis Dental Studio6. August, 2024.Great service from Tanya and resolved all our business needs!Alejandra Perez6. August, 2024.EC Credit control has been great at looking after the needs of my business. Fast and efficient and excellent customer service. Would definitely recommend them!Brendon Neal1. August, 2024.Tanya made it an easy step to get our T&Cs updated. Highly recommendedAlan Faulkner25. July, 2024.Just started using EC Credit Control & even though ours was only a small debt (around $300) they could not have been more helpful...& better still, we received full payment within a few days. Couldn't be happier! - Alan FaulknerJeanette Kühn3. July, 2024.Happy to create this review for EC Credit Control as they do manage to get your monies owed to you by debtors in a quick and efficient manner hence the 5 starsVENASO SELECTIONS2. July, 2024.we used EC Credit cony toll to write our T & C and we have been very happy with their service.Joe Clark1. July, 2024.Terry has been very helpful. Has answered his phone every time I have called him.Jamie Kemp18. June, 2024.Excellent customer service, strong knowledge, and always willing to help and provide advice when needed.
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