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Business Law

How to Deal with Debt as a Business

No business owner wants to consider the possibility that their enterprise could go bankrupt, but when times get financially tough it can seem like the easiest and quickest solution. Bankruptcy, however, comes with its own set of pitfalls and is not a decision that should be taken lightly. We’ve put together the key things to consider when considering bankruptcy as an option.

Posted: 14/07/2015 9:37:22 AM by Kristen Perry | with 0 comments

Shareholder Agreements - Your Business Prenuptials

Although a shareholders’ agreement, much like a prenuptial agreement, can engender a feeling of lack of trust, it is an effective way of ensuring a fair outcome for all parties in the case of unforeseen circumstances later on. Read this post for more information on shareholder agreements.

Posted: 15/06/2015 10:10:36 AM by Kristen Perry | with 0 comments
Filed under: Business Law, Contract Law

When Can a Contract be Terminated?

If a contract is silent on termination, it can be terminated for breach at common law. Read this post to find out when a contract can be terminated.

Posted: 21/05/2015 10:43:40 AM by Kristen Perry | with 0 comments
Filed under: Business Law, Contract Law

Why Do Company Directors Need a Will?

We know that difficulties often arise when someone dies without leaving a personal will. Their estate and finances cannot be efficiently transferred to dependents, leaving them to endure a lengthy period before either the State or Territory Public Trustee steps in to manage the situation. But when someone who is the sole director and shareholder of a company dies without leaving a will the complications and distress caused can have an even greater impact. Read further to find out what can happen if a company director dies without leaving a will.

Posted: 5/05/2015 10:07:16 AM by Kristen Perry | with 0 comments

Your Guide to the Regulations Surrounding Termination of Contracts

One of the most common situations that anyone involved in business might encounter is that of having to terminate a contract. There are a number of reasons why this situation might arise, and it is important to know where you stand legally when this occurs. Here is your guide as to the regulations surrounding the termination of contracts.

Posted: 16/04/2015 9:05:09 AM by Kristen Perry | with 0 comments
Filed under: Business Law, Contract Law

Succession Planning In Business

Are you prepared for the worst? With the multiple day to day tasks and decisions involved in running your own business, thoughts of what would happen to it all in the event of your death are likely to be the furthest thing from your mind. However, some time spent considering this scenario can save your loved ones a great deal of time and stress should the worst happen.

Posted: 31/03/2015 3:34:37 PM by Kristen Perry | with 0 comments

Investment Scams and Fraud

There have been a worrying amount of cases in recent years of investors falling foul to scams offering higher-than-usual returns, using high-pressure sales tactics to convince people to sign up to investment schemes without reading the small print. Read these tips on avoiding investment fraud.

Posted: 25/03/2015 11:30:02 AM by Kristen Perry | with 0 comments

Company Director Responsibilities

Staying Legal - find out how to make sure your company is operating within the law and the responsibilities of a company director.

Posted: 19/03/2015 10:45:28 AM by Kristen Perry | with 0 comments
Filed under: Business Law, Criminal Law

Protect Your Investment With a Shareholders Agreement

It might a surprise you to learn that there is no such thing as a “standard” shareholder agreement. While the Corporations Act and a company’s constitution do provide a basis for a shareholder agreement, they by no means cover all areas, and very rarely provide protection for the personal rights of the shareholders.

Posted: 16/03/2015 12:36:19 PM by Kristen Perry | with 0 comments
Filed under: Business Law, Contract Law

Terms and Conditions – are you in danger of a nasty surprise?

You should insist on the signing of these terms and conditions prior to commencing any business transaction. Learn more…

Posted: 11/03/2015 4:03:48 PM by Kristen Perry | with 0 comments
Filed under: Business Law, Contract Law

How To Get Out Of Sexually Transmitted Debt

It has long been common for business owners to make their partner or spouse a director of their company. When done in the right way, this step can have tax benefits for both parties. However, recent changes to the Director Penalty Regime mean that as a director with your partner, you now run the risk of being personally liable and encumbered with sexually transmitted debts should the company run into trouble.

Posted: 26/02/2015 10:46:59 AM by Kristen Perry | with 0 comments
Filed under: Business Law

Choosing The Right Trading Structure When Starting a Small Business

So you’re taking the plunge and starting your own small business. Now it’s time to think about which trading structure is going to be right for you. Read our easy guide to learn about the differences and pros and cons of each of the most common structures.

Posted: 28/01/2015 3:46:18 PM by Kristen Perry | with 0 comments
Filed under: Business Law

Make Sure You Understand Director Guarantees

The implications of signing a director's guarantee can be far more serious than they Might appear. By signing a director's guarantee, you are essentially offering extra protection should your company be unable to meet its obligations. That means you become personally liable if company runs into financial problems and is unable to pay its debts. Here are some procedures you can follow to minimise your personal risk.

Posted: 4/12/2014 3:29:32 PM by Kristen Perry | with 0 comments
Filed under: Business Law

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