3. Set Up The Basics


Step 1 - Open bank account. Decide on business structure
It’s time to physically start setting things up. Open  a business bank account, finalise that loan from the bank (or other lending organisation), apply for a credit card if necessary, apply to the Company Registrars office for a company name and register online for a similar domain name once the company name has been approved (if you are going to operate as a company that is)

Then set up a meeting with your lawyers so you can update them on your plans. They can advise you as to the advantages etc of a company or partnership or sole trader or trading trust as your business structure. Keep in mind that you may be able to carry out some of the prelimi...

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