Professional advisers and support for your business
Starting and running a business involves a lot of different skills.
Professional advisers can help you in a range of administrative areas and add real value to a business.
There are also business support services available to people wanting to start a business in South Australia, many of which offer advice and support at low or no cost.
Types of professional advisers
Bankers help with:
- providing loan facilities
- help with finance applications
- advice on management of cash flow
- advice on management of debtors and creditors
- advice on new loan products and financial services
- risk management
- general business advice, especially the pitfalls in a proposed course of action.
Solicitors help with:
- how to structure your business
- business name registration
- drafting legal agreements or advising on agreements drafted by others
- contract law, including leases, loan agreements, partnership deeds
- conveyancing and property matters
- taxation advice
- industrial relations advice
- advice on trade practices, product liability, trademarks, patents and consumer protection laws
- negotiating with other parties involved in commercial and legal transactions
- litigation and appearing in court for you
- debt recovery
- wills and estate planning
- succession planning
- advice on the effects of new or proposed legislation
- winding up.
Insurance brokers help with:
- risk identification and assessment
- shopping in the marketplace for the best and most cost-effective insurance
- explaining differences between insurers' policies and premiums
- help with insurance claims
- advice on new insurance products and their potential application to your business.
Accountants help with:
- business structures, business names
- business planning, forecasting, preparation of cash flow budgets and reviews of actual performance against budget
- setting up accounting records and periodic system reviews as the business grows
- preparing financial statements
- income tax planning
- preparing and lodging income tax returns and business activity statements
- tax advice, including capital gains, fringe benefits, payroll
- analysing operating results
- computer advisory services
- costing analysis
- business valuations and advice on business acquisitions and investments
- raising of equity finance
- specialist advice in credit control, wages, major purchases
- investment, superannuation and financial planning.
Bookkeepers help with:
- maintaining your business 'books', either manually into ledgers or into a computer program
- meeting your legal and tax obligations by keeping a proper record of all financial transactions
- manages accounts payable and accounts receivable
- managing payroll, debt recovery, data entry, financial reconciliation
- providing services to ensure you meet your Business Activity Statement obligations, such as GST, FBT, PAYG instalments superannuation contributions, if they’re a registered BAS Agent.
Support services and workshops
Small business contact service
If you are starting a small business or wanting to expand your existing business, this service can help ensure you're on the right path to a successful future. The service will point you to online assistance to help put your ideas into practice and get your business up and running.
The service is delivered through Business SA, the Salisbury Business and Export Centre, and Southern Success Business Enterprise Centre.
Phone 1300 142 820 during business hours.
Funding and grants
There are very few grants available to help you start a business. Nonetheless, it is worth checking what is available at both a state and federal level.
For more information, see:
- Grant finder – Australian Government
- GRANTAssist for business and industry – Government of South Australia
Workshops and events
Several workshops and events suitable for starting a business are held throughout the year. They are provided by a range of organisations, including Business Enterprise Centres and Regional Development Australia.
Indigenous Business Australia is an organisation that helps indigenous Australians to create wealth, accumulate assets and achieve their financial aspirations.