Business Case Study - Lifecycle of a Business - Business Assignment Help

Assignment Task

Detailed information on assessment tasks
Administration
The assignment follows the lifecycle of a business, from its creation, its growth phrase, to the end of its life.   It is based on your knowledge of the theory relating to the areas covered,  your ability to provide financial statements and tax returns that relate to realistic information on the business you have chosen to run, as well as your ability to undertake research in order to provide realistic information and the necessary forms/requirements etc.
It is marked on quality not quantity. It is expected that you complete any application/ registrations that you provide for your assignment.  Just placing a printed form in your package will not gain you full marks.  The aim of the assignment is for you to understand what is actually required when a business is going through its cycle.
There are severe penalties for plagiarism, copying the work of other students or allowing work to be copied.  Refer to the Unit Outline for the website relating to student responsibilities.
The recommended referencing systems is Australian Guide to Legal Citation and a guide can be found on the Blackboard site for this unit.
Complete the provided cover sheet with your details, and details of the assignment.
The assignments will be marked and returned within 3 weeks.

General Outline
You will choose a story (see Fairy Tale Stories list) on which to base your assignment on.  The stories are “Fairy Tales” this is so we can see your creativity which is a necessary requirement when working within the taxation profession.  From this story you will need to decide what type of business can be conducted and who will be the characters within your business.  For example within the storyline of Cinderella we could consider businesses such as a Cleaning Business, Shoe or Clothing Shop and even a Party Theme Business. The Characters could be Cinderella, Prince Charming, Fairy God Mother, Step Mother and Sisters etc.

Creation of your business
• For your business provide details of the following items (this list is not exhaustive and you should consider as many items as possible)

How are you going to fund the business?
What services does your business offer? 
What is your budgeted income going to be from your activities? 
What expenses will the business incur? 
What registrations are required for your business/entity? 
What legal requirements are required for your business and entity?

GST Requirements

• Are there personal issues or family matters that need to be considered
• What are the hopes and aspirations for the business?
• How will Capital Gains Tax affect your business/entity
• What will you do to try and minimize taxation and to maximize asset protection?

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