Small business: Online life Coaching business

1. Describe the systems you could use to ensure the legal rights and responsibilities of your small business are identified and the business is adequately protect.

2. List 6 types of taxation which are likely to apply to your business. Describe the necessary record keeping requirements to meet the minimum legal and taxation documents.

3. Analyse your current proposed business and determine wether you will be liable to pay the Goods and service tax. Provide reasons for your assessment.

4. Analyse your current proposed business. Where will you keep your legal and financial records so that they are organised and accessible but also secure from theft, fire and other damage? How can this me done? List at least 8 procedures you might follow.

5. Describe the monitoring procedures and tools you could use to ensure your current or proposed business consistently complies with regulatory requirements.

6. Explain the circumstances under which you might commence an investigation to identify areas of non-compliance with legal regulatory requirements.

7. Describe four general guidelines for conducting investigations.