Small Business Self Employed

Overview

Being self-employed as a small business owner comes with legal responsibilities and considerations. Wright Street Lawyers in Adelaide, South Australia, can provide client-focused legal guidance on various aspects of running a small business.

Legal Structure

Sole Proprietorship

A sole proprietorship is the simplest form of business structure where the business and the owner are considered the same legal entity.

Partnerships

In a partnership, two or more individuals share ownership of the business, including profits and liabilities.

Company

A company is a separate legal entity from its owners, providing limited liability protection.

Legal Obligations

Business Registration

All businesses must be registered with the Australian Business Register (ABR) and obtain an Australian Business Number (ABN).

Taxation

Self-employed individuals must meet their taxation obligations, including lodging Business Activity Statements (BAS) and paying Goods and Services Tax (GST).

FAQs

1. Do I need a lawyer to start a small business?

While it’s not mandatory to have a lawyer, seeking legal advice from Wright Street Lawyers can help you navigate legal requirements and protect your business.

2. How can I protect my small business legally?

Our team can assist in drafting contracts, setting up appropriate business structures, and providing advice on intellectual property protection.

3. What should I do if I face a legal dispute as a small business owner?

Reach out to Wright Street Lawyers for professional representation in resolving disputes through negotiation, mediation, or litigation.

Get client-focused Legal Assistance

For legal support and guidance on small business matters in Adelaide, South Australia, contact Wright Street Lawyers today.