This assessment you will are going to undertake research on business licencing and laws on at least
Question:
This assessment you will are going to undertake research on business licencing and laws on at least 6 different areas and report your findings.
We will be using a scenario of a very new hospitality business. A potential business partner has approached you and wants to create a hospitality business.
Specifically, they want to start a boutique hotel in the suburb of Richmond
1. The hotel business will be structured as a Proprietary Limited Business (Pty Ltd)
2. They have selected a business name that they want to use. (Choose a fictitious name and research business name registration and Pty Ltd ‘trading as’ options.)
3. They are planning on charging /claiming GST
4. You plan on employing 25 full time and permanent staff as well as contractors/casuals
5. You plan on leasing a current commercial property and making some adjustments to the outside dining area.
6. Restaurant
7. Licenced bar
8. Off licence bottle shop
9. Café with outdoor seating
You have been asked to undertake research on all the licences required for this new business as well as all the Australian Government Laws and legislations.
What licences would this specific business need to have
List each and then describe in detail what they include. You may need to contact the local council and
various State Government Departments for this task.
For each explain:
a) What the costs are to apply for the licence
b) Which government body /Department do you apply to?
c) What forms or documents do you need to prepare or complete? Use a sample document to populate your responses and submit in your appendix as evidence of your research.
d) What are the consequences for NOT having these licences. (Otherwise known as ‘Compliance triggers’
Valuation Measuring and managing the values of companies
ISBN: ?978-0470424704
5th edition
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel