The Legal Business - Business Administration Paper Example

The legal business structure that I will use to operate the travel agency business is a partnership business structure. Given that the business will involve three people who will carry out business together, a partnership form of business structure is the ideal form of business structure for the business. In a partnership business structure, some people are involved in carrying out business together. In a partnership business structure, business partners are liable at a personal level for all the debts. In a partnership business structure, the partners have a shared responsibility, liability, control and management of the business.

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Registration of the business

At the moment, a person who wants to operate a travel agency business does not need a license to operate the business. However, there are laws that are in line with the Austrian consumer law that one has to comply with. There are specific licenses that tour operators may be required to have. A liquor license or a gaming license may be required if you intend to offer alcohol or gambling services. You may also require licenses if your business will involve activities such as visiting protected areas or taking part in fishing activities.

Tax registrations that I will need to comply with will include income tax. Work related deductions are applicable in the travel agencies industry.

Name: Exquisite travel tours

There are restrictions and limitations when it comes to choosing a business name in Australia. The business name must be unique. The business name should not suggest a connection to a public organization or authority in the public sphere. The name should not be offensive, and it should not exceed 60 characters in length.

Legal compliance

A code of conduct is a statement that outlines rules, social norms, and responsibilities that a person, an organization or a company has to adhere to. It is necessary to have a code of conduct as a way of ensuring sanity in any industry. The Australian Federation of Travel Agents is the one that enforces the code of conduct in the travel industry.

The books and records that my business must keep to ensure compliance with the legal requirements of the Australian Taxation office include contracts, rental records and payment summaries. My business also has to keep bank statements and statements from other financial institutions that show the interest that the business will have earned from the financial institutions. My business will have to keep its dividend statements. I will also have to keep summaries from all managed investment funds. The business will have to keep receipts and invoices for asset purchases and sales. The business will have to keep receipts for expenses that emanate from claims and repairs.

Assuming that my business was structured as a private company, there is a list of records that I will have to keep so that my company may be compliant with legal requirements of ASIC. The company will have to have a registered business. The company will have a principal place of business. The company should disclose personal details of its directors. The company should keep all types of records, including financial records. The company should pay relevant to Australian Securities & Investments Commission (ASIC). The company will have to notify ASIC of any changes that take place in the company. The company would have to allow ASIC to check its statements on an annual basis. The company would have to ensure that it is solvent. Directors of the company would be required to act in a manner that is in the best interests of the company. The company would have to ensure that it uses all information that comes its way in an appropriate manner.

My travel agency business would have to comply with legal requirements of Australian consumer law as detailed under the Competition and Consumer Act 2010. The business would have to ensure that it does not engage in any unfair market prices. The business would have to ensure that it does not engage in anti-competitive practices. The business would have to ensure that it does not engage in deceptive or misleading conduct. The business would have to ensure that it does not engage in unfair practices and unconscionable conduct.

Employment

Retail travel manager would be employed as an employee. Retail travel consultants would be used as independent contractors. Financial record keeper would be employed as an employee. Tour guides, a financial advisor would be used as independent contractors. Drivers and cleaner would be employed as employees. A retail travel manager, a financial record keeper, drivers, and cleaners are part and parcel of a travel agency company. Travel consultants, financial advisors and tour guides are not required all the time by a travel agency business and can, therefore, be used on a contractual basis.

The process that I will use to determine rates of pay and other working conditions for my employees will be in accordance with Australian labour laws and also in accordance with the Australian travel careers council.

Safe Work Australia Act 2008 is the legislation that I would use to determine workers compensation, workplace health and safety and superannuation contributions. The legislation aims to improve workers compensation and occupational health and safety. The legislation aims to ensure that a national policy is developed about Occupational Health Safety and workers compensation.