Action plan
What actions do you need to take for your small business?
Select any you’ve already completed and export the document for your follow-up.
What actions do you need to take for your small business?
Select any you’ve already completed and export the document for your follow-up.
- Decide if my hobby is a business
- Research business structures to understand which is the right structure for my needs
- Research registrations I will need for my business
- Compile a list of questions to ask a professional
- Seek answers and advice from a registered tax practitioner
- Apply for registrations I’ll need for my business
- Explore further small business education:
- Setting up your small business
- Record keeping
- Cash flow for small business success
What you will learn
- The differences between a business and a hobby
- Four common business structures and the characteristics of each
- Common business registrations you will need to run your business