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Legal requirements
for starting a business.

When you start a business, there are things you need to consider such as taxation, superannuation responsibilities as well as regulatory obligations. It is for this reason that choosing the right business structure is important from the start.

Organisational Policies and Procedures

Limiting liability is important as a small business

As a small business owner, it is highly recommended that you display Terms & Conditions that are specific to your business, which helps limit your liability if a customer decides to complain about your product or service. Little Big Shop allows you to create the following policies:

  • Terms of service
  • Privacy policy
  • Refund policy
legal requirements for starting a business in Australia

Ensure that you comply with the required tax obligations

All countries have different tax obligations, however, in Australia the minimum tax obligations that are required to start your business are: Australian business number (ABN), goods and services tax (GST), tax file number (TFN), pay as you go (PAYG) withholding.

What is the suite of legal essentials for business in Australia?

To understand common legal laws your new business may need to comply with, such as registrations, contracts, marketing and employment you can visit the following government website, here you will find the complete overview as stipulated by the Australian Government.

FAQs

How do I access policies to my shop?

To add policies to your shop:

  • Click on the ‘Settings’ menu item
  • Select the link ‘Legal pages’

To add information into a panel:

  • Click on the page/policy you want to populate
  • Enter the policy information in the text box provided
  • Alternatively, you can click the ‘Load Terms & Conditions/Privacy policy/Refund policy template’ button in the top right, which will give you a guide on what to include in your policy. In this example, some of the Privacy Policy template is shown.
  • Click into the text box to edit or delete the text, and add your own
  • Click the ‘Save’ button at the top right hand of the page
  • Once they are created and saved, a link to each policy will appear in the footer of your shop.
  • On clicking these links, a modal window will appear with the relevant policy information.

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