Business Rights and Responsibilities

• Generally defined as a single person owned business. 

• Owner is personally liable for all debts and fees.

• Can Hire Employees. Maximum 15 Employees. 

• Must pay wages in accordance with the National Wages Legislation. 

• Must keep records and transaction accounts for a minimum of 5 years. 

• Must conduct business using either Australian Dollars or LDT.

• Cannot have Shares, Shareholders or Board of Directors

• Permitted to have Business Partners, with ownership defined by private contract

• Must pay a Business Registration Fee of 150LDT annually. 

• Must submit an annual Revenue Report by 1 July, using the Revenue Reporting Form (RRF-001).

Business Plan Requirements

For your Business Plan, answer the below questions in as much detail as you can:

• What is the Business industry or sector?

• What is the reason for registering the business?

• Who is involved with the business?

• How will the business involve the Citizens of Lehmark?

• What is the method of revenue, and potential expenses?

• How will the business evolve, develop and grow?

• What services will the business supply?

• Will goods be manufactured? If so, how? 

• How will the supply chain work?

The Application Process

• The Department of Treasury will review the Application and will respond to the provided email address.

• If the Application is accepted, a Registration Fee Invoice, Business Certificate, and Lehmark Business Number, will be issued.

• If the Department requires further information they will contact you via the provided email.

• If the Application if rejected, you will be informed with reasons via email.