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52 Tasman St
Havelock North
HASTINGS 4103
0800EDUCATED

17 April 2013

Mr Peter Wanaberich
12 Smith St
Taradale
NAPIER 4110

Dear Peter Wanaberich

Business Report
Virtual Institute of Technology (V.I.T) is an internet based virtual education organization offering comprehensive internet based education from world-class institutions and lecturers.
This Report as requested will outline the details of the business entity, financial specifications and the business plan pertaining to V.I.T.
Thank you for expressing your interest in the opportunity to invest in this business. I will contact you in 5 working days to make an appointment to meet and discuss the report. If you have any inquiries please don’t hesitate to contact me.

Yours sincerely
Conway Maurirere
CEO Virtual Institute of Technology NZ

.

| Business Report | | Prepared by | Conway Maurirere | | MsNZ82 V.I.T Virtual Institute Technology April 17, 2013 Prepared for Peter Wannaberich

|

* Table of Contents 1 Introduction 1 2 Findings 2 2.1 Description 2 2.2 Business entity 2 2.3 GST 2 2.4 Business Environment 3 2.5 Legislation 3 2.6 Business Planning 3 2.7 Organizational Structure 3 2.8 Computer Systems 4 3 Conclusions 5 4 Appendix 6 ( removed ) 5 References 9 6 Bibliography 10

Introduction
This report was commissioned by Peter Wanaberich on March 7 2013 who would like to invest in this business and has asked for all relevant information pertaining to Virtual Institute Technology (V.I.T).
The purpose of this report is to identify and measure relevant information on the business entity, financial aspects, legislations, the



References: Inland Revenue (2013). Owns the assets and liabilities of the business and are responsible for any debts. Retrieved from - http://www.ird.govt.nz/business-income-tax/paying-tax/tax-rates/bit-taxrates-companytax.html Inland Revenue (2013) Kiwitax (2013). Invoice Basis from the second year on. Retrieved from http://www.kiwitax.co.nz/infobase/19/whats - the-difference-between-gst-on-payments-or-invoice-basis.aspx Inland Revenue (2013) New Zealand Legislation (2013). Customers’ rights and privileges must meet requirement of Privacy Act 1993. Retrieved - from http://www.legislation.govt.nz/ Laxon, A It’s not 1 in 5 who are failing. (2013) Retrieved from http://www.educationaotearoa.org.nz/all-stories/2012/2/8/its-not-1-in-5-who-are-failing-its-less-than-1-in-10.html DipICT BA500

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