-
Business Structures: Sole Trader
When commencing a business venture, it is necessary to consider the most appropriate type of business structure to put in place. Different business structures have different benefits and disadvantages. This article looks at the sole trader business structure – how to set up as one and the pros and cons of this structure. Key Features […]
Read More -
Directors’ Responsibilities – a Guide
A company is an association incorporated under the Corporations Act 2001 (Cth) (the ‘Act’). The effect of incorporation gives the company a separate entity, distinct from its directors and shareholders. It can enter into contracts, sue and be sued in its individual right. The Australian Investment and Securities Commission (ASIC) is the Government body authorised […]
Read More -
Attention to Detail – Defects in Statutory Demands
A statutory demand is a useful way to exert pressure on a company to force it to pay its debts. However, a creditor using a statutory demand to quickly recover a debt can run into trouble if the legal requirements regarding the form and wording of the statutory demand are not complied with. Defects in […]
Read More -
The Risks of Going Guarantor
Has a family member asked you to provide a guarantee for their home loan, or personal loan or business loan? If so, you need to be clear about your obligations under a contract of guarantee. What is a guarantee? If a lender is concerned about a borrower’s capacity to repay a loan or has classified […]
Read More -
Commercial leases – Responsibility for repairs and maintenance
A commercial lease is a legally binding contract that gives a tenant certain rights over a property for a set period of time subject to the terms and conditions set out in the lease. A commercial lease is used when leasing property used primarily for a business. You should never sign a lease without understanding […]
Read More -
Unfair Contracts Update – are you complying with the law
In November 2016 the current Unfair Contract Terms Regime (UCT Regime) was extended to cover standard form contracts entered into with ‘small business’. The changes have a significant impact on the way Australian businesses contract with each other and it is important that you understand how the changes affect you and how you need to […]
Read More -
Update on Personal Property Security Register
The Personal Property Securities Register (PPSR) is a national, electronic register of security interests in personal property that was established on 30 January 2012. What does the PPSR cover? The easiest way to understand what is covered is to dissect the name – Personal Property Securities Register – think of the ‘personal property’ part as […]
Read More -
Buying a Franchise – things you should know
Buying or starting a business can be overwhelming. There is a lot to consider – the most suitable structure for your business, the financial and taxation implications and ensuring from the start that you are placed in the best position for future growth and profitability. A franchise is a popular choice when looking at […]
Read More -
What to do if you receive an ATO Director Penalty Notice
Did you know that company directors may potentially become personally liable for unremitted Pay As You Go (PAYG) deductions and Superannuation Guarantee Charges (SGCs)? The Australian Taxation Office (ATO) has significant powers to recover a company’s unpaid liabilities personally through its directors and may issue a Director Penalty Notice (DPN). This article focuses on the […]
Read More -
What you need to know about Domestic Building Dispute Resolution Victoria
The Building Legislation Amendment (Consumer Protection) Act 2016 (Vic) introduced significant changes to the building industry, intended to enhance consumer protection through stricter regulation and enforcement provisions. The first stages of reforms were actioned in July and September 2016. This article explains the final phase of the reforms which commenced in July 2017 and which […]
Read More
Select Category:
