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In this activity, you will explore the types of government grants that are available to support business start-ups and growth. Go to GrantConnect’s current grant opportunity list. Type entrepreneur (or innovation) into key words. How many federal government grants are currently available that support entrepreneurs? Which government agency or agencies are funding these grants? Choose up to 6 grants that are…

Part 1: Locating information and assessing its reliability Use the internet to locate a map of freedom in the world.  Find 3 indicators on the website that suggest information on the website is relevant and reliable. Part 2: Comparing levels of ‘freedom’ and tax systems  Use the website on ‘freedom’ to identify the freedom score of countries listed in table 1. Recreate table 1 and record the freedom scores of each country.…

For this activity you will need to refer to Business structures and registration requirements – Explainer. Go to business structures at business.gov.au. What are the main forms of business structures? Provide a brief description of each. Type of business structure Brief description…

Use a note-taking framework, such as the Cornell note taking system, to record your ideas. You may find you end up with more questions than you have answers.The Australian Government raises revenue to spend on various goods and services to support our communities. Social security and welfare is one area of government spending. Refer to budget.gov.au and review the most recent federal government Budget statistics in ‘Budget Paper No. 1, Statement…

When you start a business, you need to register it. The first step is choosing a business structure. Choosing a business structure There are a number of factors that might affect your decision on which business structure you choose, including: the number of people involved in the business control over the business the tax you are liable to pay asset protection costs and volume of paperwork. If you don’t plan to hold property or assets…

Businesses in Australia can be categorised by legal structure and by their size. Business structures There are a number of types of businesses that exist in Australia, including: sole traders partnerships private companies public companies. Public companies are publicly owned, while all other business structures are privately owned. Figure 1 shows the broad characteristic of these business types along a continuum.  Figure 1:…

For this activity, refer to Types of businesses – Explainer. Selecting a business type What types of businesses exist in Australia? Provide a brief description of each. Go to the Australian Government business registration service help me decide tool. Use the ‘help me decide tool’ to help you choose the most suitable business structure for the following scenarios. Scenario 1 Small service business You are going to be the sole owner…

Read the 3 case studies below and answer the questions that follow each. Case study 1 Forbes & Jones is a partnership that makes koala bears. It is currently owned and run by Maya Jones and Eva Forbes. The business has approximately 15 employees. It makes many different styles of koala bears, ranging from small koala bears for keyrings to large soft cuddly collectables. Due to an increase in tourism, the demand for their product has…