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SiteSource is an Australian internet business consultant service - we deliver you a reliable e-commerce internet solution.<BR><BR><h1 align="center"><font face="Geneva, Arial, Helvetica, sans-serif">Business structures for Internet Trading</font></h1>
<p align="left"><font face="Georgia, Times New Roman, Times, serif"><a href="http://www.sitesource.com.au/"><font face="Arial Narrow, Arial Black, Arial, serif"><strong>SiteSource</strong></font></a></font></p>
<p align="left"><font face="Georgia, Times New Roman, Times, serif"></font><font face="Georgia, Times New Roman, Times, serif">
Profit Distribution<br>
· Sole Trader</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- all profits go to the owner.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Partnership of
Three</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- profits are shared amongst
the partners. In many circumstances this is done via a preset formula from
a partnership agreement. If there is no partnership
agreement, it is at the discretion of the partners, as to how the <a href="http://solutions.sitesource.com.au/">profits</a> are
distributed. If the partners can’t agree (and there is no partnership
agreement) then they can seek arbitration to enable a decision to be made.</font></p>
<p> </p>
<p><font face="Georgia, Times New Roman, Times, serif">Fund Raising Differences<br>
There are some similarities as to how each business entity can raise funds.
For example – use the Personal Resources of the owner(s) or Debt Finance
(Bank bills, Overdrafts, Bridging Finance or Term Loans [secured by debenture,
fixed or floating charges]). The major difference in this type of fund raising,
is that more people will have more property to act as security, and therefore
have the potential to borrow more. Thus a sole trader will probably not have
as much borrowing power as several people in a partnership. A company that
has many owners will also be able to access more funds than one with a sole
shareholder– however due to the limited liability of a PTY LTD company,
the directors or owners may have to give personal guarantees to secure a
loan. </font></p>
<p> </p>
<p><font face="Georgia, Times New Roman, Times, serif">There are some specific types of fund raising that are only able to be used
by certain legal business entities. </font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Companies & Partnerships</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- Take on additional private
owners/partners as investors in the business (this may be in the form of
equity financing or venture capital). [By the nature
of a sole trader, they are unable to share ownership – unless they change
their business structure.]</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Companies</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- Can sell shares (up
to 50 shareholders for PTY LTD & no activity requiring
a prospectus)</font></p>
<p> </p>
<p><font face="Georgia, Times New Roman, Times, serif">Partnerships involving Minors<br>
Minors (under the age of 18) are able to make “voidable” certain
contracts that they enter. In the case of a partnership they may “repudiate” the
partnership. In this situation they can not be held liable for any debts or
liabilities of the business. There are time constraints and activity tests
on this ability to “repudiate”. </font></p>
<p><font face="Georgia, Times New Roman, Times, serif">A repudiating minor –</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· can not recover
funds they placed into the partnership prior to repudiation,</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· and if they have been active in the partnership, or a reasonable
amount of time has passed – then they are also liable for the debts (and
other obligations) up until the date of repudiation.</font></p>
<p> </p>
<p><font face="Georgia, Times New Roman, Times, serif">Dissolving a Partnership<br>
Partnerships can be dissolved by; expiration of time/activity/notice, operation
of the law, illegality and court order.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Expiration of
Time/Activity/Notice</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- The partnership had been formed for a specific amount of time (eg 2 years)
or to end on a specific date (eg 31st December 2001).</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- The partnership had been formed to do a specific activity, (once this is
completed the partnership ends).</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- Notice by one of the partners to terminate the partnership - either immediately
(when the notice is given) or on a set future date.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Operation of
the Law</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- Death,</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">- Bankruptcy (there may be a prior agreement to do something else in either
of these circumstances, however the estate may ask a court to over turn this).</font></p>
<p> </p>
<p><font face="Georgia, Times New Roman, Times, serif">Registering a Business Name<br>
You must <a href="http://diy.sitesource.com.au/">register a business name</a> if you are conducting business and–</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· you are a sole trader/partnership AND you don’t
want to use your personal name,</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· or, you are company
BUT NOT a registered company (corporation),</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">To register your business
name you must–</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· ensure it doesn’t contain any words not allowed to be registered
(ie – it isn’t offensive and doesn’t imply any connection
with any level of government including royalty).</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· check its availability
(with ASIC through their National Names Index or the Registrar of Business
Names/Dept. of Fair Trading).</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Apply for registration
with the department of Fair Trading. (The form will require not only the
requested name, but also the nature of the business,
the place business will be conducted, commencement date and the details for
each person involved in the business).</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">Environmental Concerns</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Temperature & Air
Conditioning - should be set between 20-26 degrees. </font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Humidity - optimum
shopuld be 40-60%.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Ventilation -
the rate of fresh air input should be between 0.1-0.2 metres per second.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Contaminated
Air - there must be an effective air filtration system, and all evironmental
systems must be well maitained.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Smoking - it
is suggested to implement a non-smoking policy indoors.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Ozone - is produced
by laser printers and photocopiers, to ensure minimum levels these devices
hsopuld be stored in areas with good ventilation
and must be serviced regularly.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Plants in the
Office - Suggested types; Madagascar dragon tree, madonna lily or heart leaf.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Lighting - the<a href="http://estore.sitesource.com.au/"> workstation </a>areas should have 600lux of light - in the form of an independant
desk lamp, and the entire office should be lit to
400lux from ceiling mounted lights. All lights should have a cleaning program
set up at 6-12 monthly intervals. To avoid reflections furnishings should be
placed so that light falls form the side, rather than the front. Ensure glare
is minimised by adequately shielding the lights. Ensure that the workstation
areas have no glare.(You may need filters for the screens.)</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Colour - The
office should be painted with a white ceiling (to ensure light reflectiveness),
light cool colours on the walls near windows (gloss
or semi-gloss) to produce 50-75% reflection and medium colours on walls away
from windows, reducing reflection to 20-50%. The floor should be dark and reflect
less than 20% light. Some break in monotony may be provided by hanging pictures
on the walls.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Floor Space Allocation
- each workstation should be set up with around 6.25 square meters of personal
space (including desk and chair, but excluding
walkways). The genral office size should allow 10 square metres of total space
(including walkways) per person that regularly uses the office.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">Safety in the Office</font></p>
<p><font face="Georgia, Times New Roman, Times, serif"> <a href="http://results.sitesource.com.au/">Office
Design</a> (Key points)</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Keep walkways clear & clean
of obsticles.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Floors should
be level, don't use mats.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Clean up any
spills immediately.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Secure free standing
fixtures to walls if they atre not stable.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Ensure that storage
and filing cabinets do not open into walkways. And ensure that only one drawer
is opened at a time.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· Keep all office
machines in good working order.</font></p>
<p><font face="Georgia, Times New Roman, Times, serif">· All automated
feeding equipment (eg stable guns) should be kept in a secure location, and
any staff using them should be trained.</font><br>
</p>
<p><font face="Georgia, Times New Roman, Times, serif">back to <a href="http://estore.sitesource.com.au/website/">Computer
Hardare shop Sydney</a> </font></p>
<p><font face="Georgia, Times New Roman, Times, serif">End of thread....please
return to the home page for more on <a href="http://www.sitesource.com.au/sydney/">web
design inSydney</a>.</font></p>
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