Legal Framework Assessment
Table of Contents
1.1 Introduction 2
1.2 Legal Structure Options 3
1.3 Legal structure selected for Hatchy Ranch Pty Ltd 3
1.4 The legal rights & responsibilities, and regulatory requirements 4
2.1 Areas where business might be most at risk of breaching a requirement or law 5
2.2 System to ensure my business is covering its legal rights and responsibilities 8
2.3 Taxation Requirements 10
2.4 Legal Documents and Records 12
2.5 How to Monitor Aspects of Delivery of My Products/Services 13
2.6 List of the possible areas of non-compliance that could occur 15
3.1 List of Where to Seek Legal Advice on Contractual Matters 15
3.2 List of Products or Services and Procurement Rights would apply 16
3.3 List of 3 people or Organisations who are Likely Have a Contractual Agreement with My Business, Explanations and Type of Commercial Agreement. 16
3.4 Key terms to negotiate with those contractual procurement agreements. 17
3.5 Steps to complete contractual agreement : 18
3.6 List of Insurances Needed and Cover My Business 19
3.7 Comparison between Leasing or Buying Business Premises 20
3.8 Summary 21
2 Introduction
Hatchy Ranch is a business which is offering product of poultry, such as eggs and chicken meats. It applies a free range farming method which means growing and caring the animals by letting them live and moving freely on such an environment in order to get the best from the nature.
I want to do farming because I was motivated by a game called Harvest Moon : Back to Nature. This game is about a person who needs to develop his grandfather farm before it becomes a modern playground. Eggs and meats are examples of human daily needs which provide us protein and fat. Both are nutritions which very important for human growth and development.
This ranch will be established at Victoria, Heywood, where farming is growing and can be a best place because the environment provides richness of the nature such as
1.1 Introduction 2
1.2 Legal Structure Options 3
1.3 Legal structure selected for Hatchy Ranch Pty Ltd 3
1.4 The legal rights & responsibilities, and regulatory requirements 4
2.1 Areas where business might be most at risk of breaching a requirement or law 5
2.2 System to ensure my business is covering its legal rights and responsibilities 8
2.3 Taxation Requirements 10
2.4 Legal Documents and Records 12
2.5 How to Monitor Aspects of Delivery of My Products/Services 13
2.6 List of the possible areas of non-compliance that could occur 15
3.1 List of Where to Seek Legal Advice on Contractual Matters 15
3.2 List of Products or Services and Procurement Rights would apply 16
3.3 List of 3 people or Organisations who are Likely Have a Contractual Agreement with My Business, Explanations and Type of Commercial Agreement. 16
3.4 Key terms to negotiate with those contractual procurement agreements. 17
3.5 Steps to complete contractual agreement : 18
3.6 List of Insurances Needed and Cover My Business 19
3.7 Comparison between Leasing or Buying Business Premises 20
3.8 Summary 21
2 Introduction
Hatchy Ranch is a business which is offering product of poultry, such as eggs and chicken meats. It applies a free range farming method which means growing and caring the animals by letting them live and moving freely on such an environment in order to get the best from the nature.
I want to do farming because I was motivated by a game called Harvest Moon : Back to Nature. This game is about a person who needs to develop his grandfather farm before it becomes a modern playground. Eggs and meats are examples of human daily needs which provide us protein and fat. Both are nutritions which very important for human growth and development.
This ranch will be established at Victoria, Heywood, where farming is growing and can be a best place because the environment provides richness of the nature such as