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How to start a company

How to start a company. In Austria. Your business idea. New or different business idea („ me too “) Taking over a business Taking a Franchise Who will benefit ? Market? Competitors ? www.geschaeftsidee.de www.nachfolgeboerse.at www.franchiseboerse.at. Your Qualification.

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How to start a company

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  1. Howtostart a company In Austria

  2. Yourbusinessidea • New or different businessidea(„metoo“) • Takingover a business • Taking a Franchise • Who will benefit? • Market? • Competitors? • www.geschaeftsidee.de • www.nachfolgeboerse.at • www.franchiseboerse.at

  3. YourQualification • Are you an entrepreneur? • Personal characteristics? • How do yourfamilyfeelaboutthis? • Expertise? • Do a test: www.gruenderservice.at

  4. Business Plan • Helps in decisionmaking • Planningtool: Plan 4 You Easy • Minimum turnovercalculation (howmuchmoney must beturnedovertomakemoney?) • Business plan handbookwww.i2b

  5. Type oftrade • „free“ orregulated? • Evidenceof formal qualification • Individual qualification • Qualificationexam • Managing directorundertradelaw

  6. Legal form • Individual company • Trade registration • Unlimited personal liability • P+L statement • Partnership • 2 partners • Unlimitedliability • P+L statement • Limited liabilitycompany • € 35.000 basecapital • Accountingliability • 25% corporationtax • 25% capitalgainstax

  7. The ideal legal form • Does not exist, depends on: • Capital available, liabilityrisk, size, taxes, etc. • Individual companyadvantages: • Quicklyestablished • One „boss“ • Partnershipadvantages • Sharedrisk • Mutual support, complementingeachother • Capital problemeasier

  8. Socialinsurance • Mandatoryfor • Single businesses • Partners • Liablemanagers • Liablepartners in a plc • Self-employedentrepreneurs

  9. Insurance • Healthinsurance 7,65 % • Pension insurance 17,5 % • Insurance fortheself-employed 1,53 % • Accidentinsurance 8,48 % • Unemploymentinsurance 6 %

  10. Income tax • Based on yearlyprofit • Between 0 % and 50 % • 11.000.- per yeartaxfree • Quarterly advancepayment • Taxfreeprofitmargin 13 % (upto 30.000.-)

  11. Turnover- or Value AddedTax • On all goodsandservicesprovided • 20% ofnetprice • Self-assessment • Forsmallbusinesses: Taxfreeupto€ 30.000 turnover

  12. Financingyourbusiness • Self-financingorborrowing • State support / incentives • Law forthesupportofnewbusinesses • Taxandfeeexemptionsfornewcompanies

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