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Before you start, it’s a good idea to assess your business needs so you can choose the right person for your business. Think about:
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Consideration | Sole trader | Company | |
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Business decisions are made by: | Sole trader | Directors | |
As a sole trader, you're responsible for all business decisions. In a company, the directors are responsible for business decisions and must make a record of certain decisions. If you're the only director, you have full control. If there is more than one director, the way the company will be run (including how decisions are made) will follow certain rules. These rules are usually set out in the company's constitution or replaceable rules. |
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Setting up your business will cost: | $42+ | $576+ | |
Cost of setting up as a sole traderThe cost of setting up a sole trader depends on the type of business you want to set up. Sole trader start-up costs can include:
See our Start-up costing sheet for examples of other costs that are common in the first year of a business. Cost of setting up a companyThe cost of setting up a company is much higher compared to a sole trader. Company start-up costs include:
See our Start-up costing sheet for a list of examples of some of the other costs typical in the first year of a business. |
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Setting up your business will be: | Easy | More complex | |
Setting up as a sole traderSetting up a sole trader structure is relatively easy. Generally, you're ready to go once you get your Australian Business Number (ABN) and register for any taxes, licences and permits. It's recommended you set up a separate bank account, but it's not necessary. Setting up as a companySetting up a company is more complicated, and you must understand your legal and tax obligations before registering. On top of the typical business and tax registrations, licences and permits you'll also need to set up a separate bank account and ensure the company has a registered office and principal place of business. Find out more about the volume of paperwork and legal requirements for a company. |
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Switching business structures will be: | Easy | More difficult | |
A sole trader can easily switch to a partnership or company. A company can't easily change business structures. To change, you need to:
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This row has no 'learn more' information: | Easy | More difficult |
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Recipient Organisation | Project Description | Grant (Exc GST) | Expected Total Investment (Exc GST) | State |
---|---|---|---|---|
District Council Of Endor | Materials Development and Design for Electrification and Automation | $417,000 | $417,000 | Victoria |
Tattoine plantation | Cyber-Safe Connected Vehicles: Ensuring Secure, Trusted, and Robust Cooperative Automotive Systems | $494,900 | $494,900 | Victoria |
Recipient Organisation | Project Description | Grant (Exc GST) |
---|---|---|
District Council Of Endor | Materials Development and Design for Electrification and Automation | $417,000 |
Tattoine plantation | Cyber-Safe Connected Vehicles: Ensuring Secure, Trusted, and Robust Cooperative Automotive Systems | $494,900 |
Open
Closing in 11 days
Closing date: Thursday 23 January 2023 05:00pm AEST. Thursday 23 January 2023pm ACST. Thursday 23 23 January 2023 03:00pm AWST.
Application detail: You can submit an expression of interest.
Approximately $276 million available over three years from 2021–22 to 2023–24.
Applicants affected by the 2019-20 bushfires, who are in an eligible Local Government Area.
Document name
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Probation period clause
You will need to complete a [number] month probation period. During this time, we will assess your performance.
If we end your employment during the probation period, we will provide written notice according to the notice clause in this contract.
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Transcripts should be descriptive.
Descriptive transcripts are needed to provide audiocontent to people who are both Deaf and blind.
Things to include in descriptive transcripts:
the names of all speakers
all speech content
relevant non-speech audio. For example, if the speaker has a glass of water and puts it down on a table and it makes a noise
indicate when it’s the end of the transcript.