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...
The dangers of director’s guaranteesIf you are a director of a company, it is almost inevitable that at some stage you will be asked or required to agree to a director’s (also called a personal) guarantee.As a director of a company, you may...
There are over 2 million businesses in Australia and more than 700,000 of them are companies.The vast majority of these are proprietary limited companies running small to medium enterprises.Each of these companies is run by at least one director, but normally there are 2 or more directors...
Asset Protection 101 – The Family Home It is important to remember that if a person becomes bankrupt, all their assets “vest in”, or become controlled by, their trustee in bankruptcy, who can then sell those assets to pay out the creditors of the...
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...
The New Year brings with it an opportunity to take stock of what has happened in the previous 12 months, and to look forward and plan ahead for another 12 months and beyond.You may want to make changes in your life, in business and in...
It is critical for businesses to get the basics right in terms of their contractual relationships with other businesses and in particular their customers.One of the best ways to protect your business and ensure you get paid is to have well prepared, clear and concise...
Business is all about cash flow and managing your debtors and creditors.Of course, this is easier said than done, and it’s often hard to predict whether a debt will become bad or irrecoverable. If there is any prospect of recovering the debt at...
The end of the financial year is upon us. Happy New Year for businesses!If you are a business owner, you should be prepared to properly close off the current FY and plan for the next. Your duties and obligations are as legal as they are commercial.It...
Our New Monthly Newsletter on Legal Issues Affecting SA Business. We’re pleased to announce the released of the first edition of our Newsletter. ...
Our eBook ‘Legal Solutions to Life’s Problems’ is available for download below. In it, you will read all about what we do and how we do it. It is very rare that we will not be able to assist you in some way if you have a family law issue, or if you require a will prepared or some other estate planning service, help with a property sale or purchase or someone to lean on when there is a death in the family. Please feel free to read through the book and let’s catch up soon for a chat to discuss your legal needs.