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Writing a Will You can draft up a will if you are adult and of sound mind. If your requirements are relatively simple you should be able to make the will yourself. Most people get their lawyers or a trustee company to draw up their wills and the cost is usually small. If you are going to write up a will and you need outside help choose someone experienced in this area. Dont assume..
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Are Deathbed Wills Valid Although a deathbed will is often hastily drawn up it would be valid and binding if it is put together in the normal way. The closer to death the will is prepared the more likely it would be challenged by a beneficiary who is unhappy with their lot. This can lead to expensive costs of defence and can bring heartaches and disruption to other beneficiaries. Sometimes a will .....
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Effects of Dying Withouta Will Dying intestate or without a will can cause a few headaches: Your property can be distributed in ways that were not according to your wishes. Your children or other minors in your care may not receive the financial assistance that you had wanted or they may get their share of the estate earlier than you would have nominated. Other people or charities you may have wan.....
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and is also required if you are looking at borrowing money from a bank or lending ... and make sure that it conforms to all legal requirements. Your accountant will tell ... requirements. Your accountant will prepare financial statements which will indicate..
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Information Requirements If you are looking at forming a company you will need to provide the following information: A name. At least one shareholder. At least one share. At least one director. The shareholder and director can be the same person. A registered address. An address for serving legal documents. The 3 Step Process of Incorporation The following are the steps if you want to incorporate..
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What is Incorporation Incorporation is a process by which a company is formed. Every company has to be incorporated or registered. It is the process by which a business registers and gets a state charter allowing it to become a legally registered company. Incorporated company In general the disadvantage of setting up a company has been the administration requirements..
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there are over 10000000 small businesses and unfortunately many fail within the first 5..
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Warning 18 Some employees handling cash are required to make up any cash shortages in their tills. In the past these were deductible to the employee. They are no longer allowed as a deduction by the IRS..
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PERMITS Secure Permits and Licences if required Licences ... have strict licencing requirements. Food Places Food businesses can either be registered with the local authority and be subject to the requirements of the Food Hygiene ... you will need to apply for an On-Licence - a requirement of the Sale of Liquor Act ... Mobile vehicles are required to operate from registered premises where the vehicle..
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PLANT - Buy and set up Plant Machinery for Factory if applicable If you are in manufacturing then proceed to list the Plant Equipment that your business would require then make arrangements to inspect and buy in the normal way. Go Back to Menu..
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How To Apply for a Licence Applications for a licence must be accompanied by the letterhead of a known company. Some applications require an End User Certificate or a Proof of Right to Import to show where and to whom the exports are destined for outside of this country..
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Warning 5 School children whose earnings do not exceed 156 are not required to complete a Tax Deduction Certificate and no tax is to be deducted from their earnings. This is because they are entitked to a 156 rebate for tax purposes..
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. Job descriptions can be prepared by analysing the requirements of each position ... requirements of the job. How the job should be done. What qualifications are needed Are any special skills or expertise required for the job What personal characteristics should you look for in the employee What hours will be required How often should the employee report Are any deadlines required from the employee..
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Company Share Register The Corporations Act requires all corporations to maintain a share register which sets out the requirements applying to shares. The share register is important because it provides confirmation of the shareholders entitlement to their shares and the corporation is entitled to treat ... if it fails to maintain a share register as required by the Act..
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and experience the business requires. You have obtained all necessary licences ... you may need. You have received all the financing you require and have finalised your calculations of capital required. You havecompleted final discussions ... your marketing and public relations requirements. Your staff have been trained and are ready ... in the following will require further attention. Make sure that your telephone lines..
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Warning 26 If your tax accountant or tax consultant does not give you the service you need and if they dont fight for you to obtain the best tax deal legally possible heshe may not be doing what they were hired to do. If they dont shape up to your requirements tell them. If they still fail to perform then change..
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A the USA corporation must keep the following documents at its registered office: The corporations Constitution if any Meetings and Resolutions of the shareholders. Meetings and Resolutions of directors. Full details of the Current Directors. Copies of Financial Statements required under the Corporations Act ... report if required directors remuneration statement of the companys affairs etc..
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Stage 6 - Start the Business Business is now in operation Steps 1 PROMOTION Start promotion of Businessand Products 2 MARKETING Start your Marketing program 3 ADVERTISING Start your Advertising Program 4 SALES Start your Sales Team 5 CUSTOMERS Build your Customers 6 CUSTOMER SERVICE Put in Support and Customers Services Systems 7 EXPORT If Exporting is required 8 IMPORT If Importing is required..
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requiring the disclosure to a specified standard of certain information ... the Fair Trading Act if you fail to comply with the requirements of any consumer ... you provide. You must ensure that you are aware of the requirements of any such standards which are relevant ... does not require all products to be labelled with a place of origin ... or deceptive. The Act require that most items of clothing and footwear supplied..
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as required. Buying Off the Shelf Companies Many people choose to buy an off the shelf ... as somebody requires a corporation at short notice. Often a situation will arise where a company is required immediately and rather than wait and take the time ... and make the necessary changes to directors and shareholders as required. Shelf Corporations are best used in situations where the requirements..
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