Franchising may provide management expertise and a well established name. Franchising has a dynamic growth potential because of its ability to quickly replicate a sound business concept and to establish a significant marketing share without the usual capital drain needed to establish a conventional branch structure, and because it provides capital to advertise a trade mark and image. Leases Small business proprietors choose to lease premises for many reasons including capital and cash flow limits and size and location flexibility. If you choose to rent your business premises it is crucial to be familiar with the legal aspects of tenancy. Taxation legislation imposes substantial penalties for failing to register the business, incorrect tax returns, late payments of tax , to name a few.
Some offences incur substantial fines and the possibility of imprisonment.
Taxation deductions are allowed in relation to contributions made to properly structured and operate superannuation funds. Many factors unknown to us may affect the applicability of any statement or comment that we make on the Law Institute of Victoria web site to your particular circumstances. For further information please refer to the full disclaimer and statement of legal rights .