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Starting a new business in Perth, Australia not only involves having a good business idea but also requires an understanding of the legal complexities for your business to legally operate. These legal matters include filing the necessary paperwork, ensuring compliance with business regulations, tax and employment law, and drafting of essential agreements and contracts. Understanding these crucial details can save you from unwanted legal issues and help your business succeed in the long run.
Issues surrounding business formation range from simple to complex. From deciding the right business structure - whether sole proprietorship, partnership, or corporation; to understanding and managing complex commercial lease agreements, you may need legal assistance. A business lawyer can also help in navigating through the complex employment laws, ensuring your business compliance, protecting intellectual property rights, and in legal disputes if they arise.
A new business in Perth, Australia must comply with several local laws. These include adhering to competition and consumer law, privacy laws, environmental laws if applicable, and rules surrounding fair trading and business rights. Furthermore, obtaining the appropriate licenses and permits from local and state authorities is also imperative. If your business deals with importing or exporting, complying with customs procedures and laws is crucial. Lastly, your business must adhere to taxation regulations and employment laws, which include workers' rights and safety measures.
Yes, under Australian law, you are required to register your business and get an Australian Business Number (ABN) prior to commencement.
A proprietary limited company, or Pty Ltd, is a private small to mid-size business that is held by shareholders, where the liability of shareholders is limited to what they invest into the company.
You can protect your intellectual property by registering a trademark, patents or designs, depending on the nature of the property.
While it's not a legal requirement, it's highly recommended. A local lawyer would be familiar with Western Australian and Perth-specific regulations which could prove invaluable to your business operations.
You need to check the availability of your desired business name and if available, you can register it with the Australian Securities and Investments Commission (ASIC).
Useful resources include the Australian Competition and Consumer Commission, Australian Securities and Investments Commission, and the Western Australia Department of Commerce. Understanding official guidelines from these resources can provide critical insight when navigating the legal landscape of new business formation.
If you require legal assistance in new business formation in Perth, the next step would be to consult with a lawyer who specialises in business law. They can provide personalized advice, assist you through the required legal processes, help you incorporate your business, help draft legal contracts and establish sound legal foundations to your new business.
