Running a business may challenge you in ways you’re not expecting, so knowing where to go for advice can help you stay on track.
There are some organisations that can help with understanding rules and regulations and resolving problems.
Rules and regulations
If you’re unsure whether your business is structured correctly or if you’re following relevant industry practices and standards, seek advice from these organisations:
The Australian Business Licence and Information Service (ABLIS) can help you meet your compliance responsibilities and give you information about the licences, permits, approvals, registrations, codes of practice, standards and guidelines your business needs to follow.
The Australian Competition and Consumer Commission (ACCC) can give you information and support about fair trading, regulation and consumer rights.
The Australian Securities and Investments Commission (ASIC) helps regulate financial markets and credit providers. It also publishes the MoneySmart website which provides financial information for individuals and businesses.
The Australian Taxation Office (ATO) lists your obligations for paying tax, excise and superannuation.
The Office of Fair Trading (OFT) can give you advice about consumer rights, business and trade.
IP Australia can help you with information on patents, trademarks, registered designs, and plant breeding rights.
Developing and growing your business
Consider finding a small business mentor or business coach by searching online or asking your network for recommendations.
Your accountant can give you specific business advice about starting, growing or ending a business, tax, employee payments, and managing records and finances.
A business banker will be able to help you understand payment solutions, manage cash flow, and look at finance options.
Next up: Do you need business insurance?