There are over 700 laws that can impose personal liability on directors. While it is common for companies to provide directors with an 'indemnity' or 'insurance cover' for these liabilities, there are limitations and restrictions on how far this indemnity and cover can extend.
How much is the ASIC fee to set up a company in Australia?
So you've just come up with a great business concept, given it a test-drive among your family and friends, and now want to go to the next stage. What do you do? You need to put together the 'playing field' for your venture. In other words, you need a 'business structure'.
Here are our answers to FAQs about our nominee director service.
When we hear the word 'company', we all think we know what the person is talking about. We deal with companies every day. Most of us work for a company, and we certainly buy things from them. But companies are actually a strange thing. Let's start with a bit of a history lesson.
Well drafted 'pre-emption' clauses in a Shareholders Agreement or Constitution provide you with important protections. But there are a number of potential traps that you need to be aware of.
- How should you deal with employees as part of a business sale? GalleryAdvisor Interest, Areas of Law, Business, Business Interest, Commercial/Business, Companies, Contracts, Employment, Employment contracts, Facebook Published, LinkedIn Published, Marketing, Newsletter Published, Newsletters, Practice areas, Resources, Twitter Published
Dealing with employees and their entitlements as part of a business sale or acquisition is not straight-forward. There are plenty of traps and tricks for the uninitiated. Find out what you need to know.
Most people think the directors of their company are appointed by a majority of shareholders. But often this is not the case. Discover the full picture.
When you first read these clauses it isn’t always clear what they are trying to achieve, and why you would include them in your Shareholders Agreement (or Constitution).
Their advice is practical and they get the job done very efficiently. Not your typical lawyers.
- Raising money in Australia – our brief guide to the legal issues GalleryBusiness, Business Interest, Capital raising, Commercial/Business, Companies, Facebook Published, LinkedIn Published, Marketing, Newsletter Published, Newsletters, Twitter Published
Irrespective of why or how, raising money in Australia is a heavily regulated activity, with severe penalties for people who do not comply with the rules. There are rules for both the party raising the money and for people who assist them.
Whether you are buying or selling a business, the chances are that 'vendor funding' will play an important role in getting the deal done. This article discusses 5 issues that should be considered by a seller when using vendor finance in a business sale.
This VideoPost is a five part series on how to buy or sell a business. This VideoPost provides a mix of broad commercial principles, as well as some detail around the key legal issues you should be thinking about.
Who wants to be a director? Not an easy question to answer these days, with over 700 laws that can make you personally liable for various actions (or inactions) of your company. This article provides some handy safeguards to consider before you agree to become a director.
Click on the link below to access a copy of the slides from our recent seminar on how to buy and sell a business.