Starting a business
So much to know – so many traps – so little time – so much to do!
Starting a business is complicated, but you probably know that already. There is never time to get everything done, that they say you need to do. You need to earn a living as well.
It is critical to identify what is important – what needs to be done first. Then what to do after that, and so on.
Conrad Law provides low cost advice to new business entrepreneurs on the key regulatory issues you need to address. We will give you a check list to run through and provide the support you need to work your way through it.
Set up right
Small business is risky business! There are so many things that can happen to any business, that are outside the owner's control. When you are new in a business, you may not have learned where the bear traps are. You have not had the time or the budget to implement the risk mitigation strategies you need.
As a result, it is critical that you structure your business to protect your assets, should something go horribly wrong. Simple inexpensive steps taken early on, can make a huge difference if something does goes wrong.
Don't pay too much tax!
Paying tax is one of the certainties of operating a business - but few are happy to pay more tax than they are legally obliged to pay.
Conrad Law are one of the few legal firms in regional Queensland with a genuine capacity to provide specialist tax advice. Let us guide you through the decisions that need to be made when setting up your business to ensure that you do not end up paying more tax than you need to, without going too far and incurring the wrath of the Australian Taxation Office.
Setting up your business structure
Conrad Law will advise you how to gain maximum protection at minimum cost. We can also set up your trading structure very cost effective. For not much more that you pay for company or trust on-line, we can take the hassle out of the process and provide you with that all important strategic asset protection, risk management and tax minimisation advice.
Many a profitable business has failed through little fault on the part of the owners. Making a profit is not enough to survive in the long term! Most new businesses take huge gambles and survive through pure luck. Over time, you will identify risks to your business and take steps to avoid them. Many business owners fail to take basic precautions to protect their business, through ignorance of the risk or unwillingness to invest the resources required. Everything runs fine, until something goes wrong. Then a perfectly good business goes under. What a waste of hard work, good ideas and talent!
You don't need to take a 3rd mortgage to get legal advice on how to take these precautions. You don't need to work out for yourself which legal minefield is the greatest worry and then spend the next year's profits in paying the bill. Conrad Law specialise in business law. We have seen most of the things that go wrong in small businesses. We will help you identify what you need to do to make your business more resilient. Much of what we will suggest you can do yourself with a little guidance, very cost effectively. We will focus on doing the legal stuff that you really need to get sorted and provide a solution that matches your budget.