Initial requirements for setting up a small business
Australian Business Number- ABN
Apply through Australian Tax Office (ATO).
It is ongoing so there is no need to reapply, and it does not cost anything.
Business Registration Name
To apply, contact
Business Names and Registrations
ACT Office of Regulatory Services
255 Canberra Avenue
Fyshwick
ACT 2600
It costs $214 for 5 years and needs to be renewed every 5 years.
Goods and Services Tax- GST
Contact the ATO for more information.
There is no fee and is ongoing, no need to renew.
This is only required if you earn over $75,000 in one financial year.
Tax File Number
Apply through the ATO
There is no fee and is ongoing. Does not require renewal.
Insurance
You will need insurance for theft and breakage and public liability insurance.
Tax File Number
Apply through the ATO
There is no fee and is ongoing. Does not require renewal.
Insurance
You will need insurance for theft and breakage and public liability insurance.
To insure $8000 worth of equipment through AIPP it costs $335.
Public Liability Insurance and Business Insurance can be obtained through AAMI by calling 13 22 44.
There are many options to suit your business requirements.
Exercise 1- Part B
According to the sensis yellow pages website in July, 2010 there are approximately 230 photographers in the Canberra region. Of this 230 there are approximately 105 portrait photographers listed in the Canberra region. Industry revenue for photography in 2009 was $817.7m, according to IBISWorld Professional Photography in Australia, Australian Industry Report.
Exercise 1- Part B
According to the sensis yellow pages website in July, 2010 there are approximately 230 photographers in the Canberra region. Of this 230 there are approximately 105 portrait photographers listed in the Canberra region. Industry revenue for photography in 2009 was $817.7m, according to IBISWorld Professional Photography in Australia, Australian Industry Report.
www.sensis.com.au/search.do?partnerId=&find=fashion+photographer&profile=yp&location=ACT 27/07/2010
www.sensis.com.au/search.do?partnerId=&find=photographer&profile=yp&location=ACT 27/07/2010
