Commercial disputes and litigation

Be Afraid, Be Very Afraid: The Dangers of Division 7A Loan Accounts

Being a director of a company in Australia is an onerous position, particularly when economic times are tough. Managing creditors has never been harder than now, and there is often the temptation to, figuratively, “rob Peter, to pay Paul” when juggling cash flow. The vast majority of companies in this country are run by one […]

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Dissolving a business partnership

Partnerships are one of the most common business structures. In order to establish a partnership all that is required is two or more individuals carrying on a joint business venture with a view to profit, each incurring liability for losses and the right to share in the profits.

Like a de facto relationship, no formal documentation or procedure is required to establish a partnership.

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