Westpac Banking Corporation


Solutions

The cost of setting up a business

Use this checklist to help determine the set up costs of your new business.

Setting up the business

  • Accountant's fees
  • Solicitor's fees
  • Business registration
  • Domain name registration
  • Insurance premiums (office contents, public liability, income protection, loss of profits, vehicles etc)
  • Licences and permits
  • Workers’ compensation

Setting up the premises

  • Lease deposit and advance rent
  • Fit out (benches, fridges, furniture, registers, storage, etc)
  • Utility bonds and connection (water, gas, electricity, phone)
  • Stationery and office supplies

Plant and equipment

  • Equipment
  • Vehicles
  • Telecommunications
  • Computers and software

Starting operations

  • Advertising and promotion
  • Raw materials and supplies
  • Working capital

Start-up capital

  • Equity investment
  • Borrowings