Commercial/Business

20 08, 2019

Careful what you say about the future – misleading representations

2019-08-22T08:43:13+00:00

It’s not unusual to make a decision to enter into an agreement, based on a statement or promise by the other party about the future will hold. Then when that promise doesn’t hold or ring true, you could find yourself out of pocket.

Careful what you say about the future – misleading representations2019-08-22T08:43:13+00:00
20 08, 2019

Sharpcan Case Update – Revenue expenditure or capital expenditure?

2019-08-22T08:44:57+00:00

Our opinion about the Sharpcan case (Commissioner of Taxation v Sharpcan Pty Ltd [2018] FCAFC 163), being a Federal Court case from late 2018 (a copy of the full judgment can be found here: https://www.ato.gov.au/law/view/pdf/misc-case/rdr_2018fcafc163.pdf).

Sharpcan Case Update – Revenue expenditure or capital expenditure?2019-08-22T08:44:57+00:00
7 08, 2019

Hey founder, are you being left behind?

2019-08-07T15:43:20+00:00

Founding a company is a lot easier than retaining control of it. Part of your journey will necessarily involve other people. First, it may be a co-founder. Then family and friend investors, and ultimately professional investors. During this evolution, the chances of you being left behind, and things getting out of control, increase exponentially. We’ll help you get back in control, with a binding entitlement to what you’re worth.

Hey founder, are you being left behind?2019-08-07T15:43:20+00:00
18 04, 2019

When should directors be personally liable for tax debts?

2019-04-19T11:49:13+00:00

As a general rule, a company provides its shareholders with ‘limited liability’. This means that the extent of resources a shareholder risks when they invest in an enterprise is limited to the amount of capital they put into the company (or agree to put in). If the company runs out of resources, or gets hit with a nasty surprise, the capital may all be lost, but the shareholders are not obliged to put anything additional in. They have just ‘done their doe’.The limitation of liability for shareholders has not really changed much over the centuries that limited liability companies have been around. What has changed, is the role and responsibility of directors.

When should directors be personally liable for tax debts?2019-04-19T11:49:13+00:00
1 03, 2019

Crime never pays, but you might have to.

2019-03-01T15:33:05+00:00

As a business owner, you trust your employees to be honest. It’s therefore every employer’s worst fear to find out that an employee has been stealing from you. But what if then, that employee sues you, and your lawyer tells you that employee has a case?

Crime never pays, but you might have to.2019-03-01T15:33:05+00:00
1 03, 2019

If you see the word ‘indemnity’ in a contract – SEEK LEGAL ADVICE IMMEDIATELY

2019-03-05T07:20:30+00:00

Indemnities are often treated like a ‘standard’ or ‘boilerplate’ contract clause, when they are anything but. If they are ignored or overlooked, you could be in trouble when something goes wrong. However, when used properly, indemnity clauses can help you to manage your risk when entering into an agreement.

If you see the word ‘indemnity’ in a contract – SEEK LEGAL ADVICE IMMEDIATELY2019-03-05T07:20:30+00:00
13 01, 2019

Four ways to challenge Director Penalty Notices

2019-02-01T07:24:37+00:00

The ATO is using Director Penalty Notices more often. However, the ATO officers are only human and they can make mistakes. There are four main ways in which your DPN may be challenged.

Four ways to challenge Director Penalty Notices2019-02-01T07:24:37+00:00
13 12, 2018

How to operate a bank account

2019-02-01T07:41:36+00:00

You would think this is obvious. Some of us can still remember our first school savings account with the State Bank, pink piggybank and all… But when you start involving companies, trusts and partnerships, things can get a little more complicated.

How to operate a bank account2019-02-01T07:41:36+00:00
9 10, 2018

Use our ‘departing employees’ checklist to protect your business

2018-10-11T14:37:13+00:00

The departure of an employee can be a difficult time for your business.  It is also a time that your business is exposed to the potential for real damage. If you establish a clear and consistent process for departing employees, you can protect your business and minimise the impact on staff and customers. Use our ‘departing employees’ checklist to protect your business.

Use our ‘departing employees’ checklist to protect your business2018-10-11T14:37:13+00:00
14 09, 2018

The key steps to successfully sell your business

2018-09-21T14:26:54+00:00

We have written a lot of technical stuff about selling a business. But we’re finding that more and more people want to understand the best high-level strategy to actually conclude a deal. This article sets out the key steps.

The key steps to successfully sell your business2018-09-21T14:26:54+00:00
20 04, 2018

Is the customer always right?

2019-07-01T15:31:19+00:00

Many businesses have built strong brands by treating customers well. But it is also important to ensure that no single customer can put your business at risk. You need to draw the line somewhere. This is where your terms of supply come in. However, these terms need to be consistent with the Australian Consumer Law.

Is the customer always right?2019-07-01T15:31:19+00:00