Steps To Lease Your Business Premises

Steps To Lease Your Business Premises

Having suitable commercial premises at an ideal location is an investment decision which can either propel your business to new heights of success, or just doom it to the life of obscurity. To make sure that your business sees foot traffic, you need to make sure that you buy or lease the ideal place to set up your new enterprise.

Do you know the steps to leasing the property of your choice? Since a leasing contract is legally binding, it signifies that any errors on your part can prove to be problematic and may even lead to any legal actions against you. It would be hard for you to plead ignorance of any vital step in the leasing process later. That is why it is crucial for you to know how to lease a business premises in Australia in the right way.

There are seven main steps which help you lease premises as your commercial property, according to the legal acts binding in Australia. These 7 steps are,

  1. Carefully consider all your leasing needs
  2. Do research and also inspect the premises
  3. Obtain all forms of outlined preliminary documentation
  4. Opt for expert legal advice
  5. Know how to negotiate the property lease
  6. Prepare the final lease documents
  7. Rules about fit out projects on the premises

Every step is essential and needs to be followed as outlined, and you can also download the following detailed guide Leasing business premises – a commercial and practical guide (3rd edition).

(more…)

How Small Businesses In Australia Use Social Media For Success?

How Small Businesses In Australia Use Social Media For Success?

Small and medium sized enterprises use different marketing strategies to distinguish themselves from the competition in the industry. They use all the tricks of the trade, and employ all tactics to make sure that their marketing plan is the most effective one, and draws in crowds of customers all the time.

Both traditional and modern techniques are employed in the highly competitive segments, to ensure that the business is able to grab a huge section of the Australian customer market. While campaigns, celebrity endorsements and word of mouth are great marketing techniques employed to help a business grow, some of the latest innovations have taken business marketing forward to explore a variety of new horizons. Social media marketing techniques have taken the business world by storm, helping small, medium and even large business enterprises improve their marketing efforts. How?

The use of social media for marketing pays great dividends. It does this is by,

(more…)

How to Select the Best Business Structure for Your Company

How to Select the Best Business Structure for Your Company

Are you thinking of setting up your own business? If so, have you decided on the business structure which will be ideal for your new firm? The business structure of a company should be the first thing to be decided and confirmed, before you start putting your business plan into action. Your tax liabilities and payments, management of the business operations, legal identity in the market and consequent success depends on the structure you choose for your new entrepreneurial venture or company in Australia.

If you have decided to take the Australian industry by storm, then decide on the best structure for your business.

(more…)

Tax Issues You Need To Watch Out For

Tax Issues You Need To Watch Out For

Have you set up a business and want to know about the tax liabilities you will be responsible for? To assess the exact tax liability you will be held accountable for, you need to know what factor affects your tax the most. The answer is the business structure of your company.

The business structure you choose will make you liable for a set of taxes, which you will need to pay in order to avoid a legal action in court. The tax liabilities for each business structure is different, therefore it is important that you decide very carefully about your business, and know about all the taxes that will be charged to your company as they will need to be paid in time.

You need to have sufficient knowledge about your tax liabilities under the heads of the business structure, and payoff taxes if you want to avoid any tax issues in the future.

Take a look at how some of the business structures are taxed as per the legal statutes of Australian law;

(more…)