Administrative systems

Think carefully about how you'll set up your company's administrative systems. Will you be doing this yourself or will you be hiring a bookkeeper or accountancy firm? If you're planning to farm this out, list your accountant's contact details.

General terms & conditions

Issuing general terms & conditions of business provides your customers clarity about matters such as delivery times and payment methods. State whether you've already drawn up your company's general terms & conditions. If you've opted not to draw up terms and conditions, then explain why.

Insurance cover

Nobody likes unpleasant surprises. Proper insurance cover gives you peace of mind and in certain situations provides a stopgap if your income is adversely affected. Assess the risks and determine the costs of adequate insurance cover and clearly state which risks you intend to cover. 

Employees

Explain clearly why you've opted to take on staff, and if so:
  • what type of employment contract you'll be using
  • what type of work your employees will be performing
  • whether employment will be subject to a collective labour agreement
  • what employment‑related liabilities you will have

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