1. How to start a company In Austria

2. 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

3. Your Qualification Are you an entrepreneur? Personal characteristics? How do your family feel about this? Expertise? Do a test: www.gruenderservice.at

4. Business Plan Helps in decision making Planning tool: Plan 4 You Easy Minimum turnover calculation (how much money must be turned over to make money?) Business plan handbook www.i2b

5. Type of trade „free“ or regulated? Evidence of formal qualification – Individual qualification – Qualification exam – Managing director under trade law

6. Legal form Individual company – Trade registration – Unlimited personal liability – P+L statement Partnership – 2 partners – Unlimited liability – P+L statement Limited liability company – € 35.000 base capital – Accounting liability – 25% corporation tax – 25% capital gains tax

7. The ideal legal form Does not exist, depends on: – Capital available, liability risk, size, taxes, etc. Individual company advantages: – Quickly established – One „boss“ Partnership advantages – Shared risk – Mutual support, complementing each other – Capital problem easier

8. Social insurance Mandatory for – Single businesses – Partners – Liable managers – Liable partners in a plc – Self-employed entrepreneurs

9. Insurance Health insurance7,65 % Pension insurance17,5 % Insurance for the self-employed 1,53 % Accident insurance8,48 % Unemployment insurance6 %

10. Income tax Based on yearly profit Between 0 % and 50 % 11.000.- per year tax free Quarterly advance payment Tax free profit margin 13 % (up to 30.000.-)

11. Turnover- or Value Added Tax On all goods and services provided 20% of net price Self-assessment For small businesses: Tax free up to € 30.000 turnover

12. Financing your business Self-financing or borrowing State support / incentives Law for the support of new businesses Tax and fee exemptions for new companies