Does your business have a Will?

Most people recognise the importance of having a Will to determine how their property is distributed when they pass. If you are self-employed, a partner or co-director, having a ‘Will’ or succession plan for your business is equally important. Think about what may...

Critical factors for the successful sale of your business

This article sets out the steps involved when selling your business and some of the important factors to consider. At the beginning of the process, you wish to know what you want to sell, and why. Once you’ve made the decision to go forward, you should be (if not...

Unfair finance terms

Uncertainty of contract – the ‘safe harbour’ and corporate insolvency amendments Over a nine month period to July 2018, amendments to the Corporations Act come into force which significantly limits the ability of corporate parties to rely on an ‘insolvency event’ to...

Uncertaintly of contract

ASIC’s review of unfair terms in small business loan contracts – impact on equipment financiers In March 2018 ASIC released one of its periodic ‘Reports’ on how it considers various laws and regulations should work. Report No. 595 comprises a review of the changes the...

Sole director shareholder company

What happens if a company’s sole director/shareholder dies? SME business people such as finance brokers usually relish the freedom from legal formality afforded by the sole director/shareholder company model. This innovation was introduced by amendments to the former...

Signing on behalf of a company

Can employees sign a contract to bind their company? In daily business life it is often the case that a company employee who holds either an administrative, purchasing or financial position is entrusted with the responsibility of negotiating a contract. Then, when the...