Do you want to be more strategic in your charitable giving, make a real impact on the community and create a lasting legacy as part of your family’s story? Private Ancillary Funds (PAFs) can be a great option to achieve these goals. To help you decided whether PAF is right for you, we’ve pulled together our answers to 5 questions we are frequently asked by those considering establishing a PAF.
If you are separating from your spouse, and assuming the primary role of looking after your kids, then one of the most important issues you need to understand is how child support works. At its most basic level, the purpose of child support is to protect your kids from the economic impact of your separation. There are both advantages and disadvantages to private child support agreements, depending on your circumstances and what you hope to achieve by entering into one.
Disputes involving executors of deceased estates are increasing. Usually, a trusted family member or friend appointed as an executor is just trying to do the right thing by their loved one. So, what are they doing wrong? Read on to find out how you must perform your duties as an executor.
Given the increasing heat being placed on directors and business owners, it's important for you to understand the legal requirements and put in place compliance systems so that employees are being paid their legal wages and entitlements.
It’s not unusual to make a decision to enter into an agreement, based on a statement or promise by the other party about what the future will hold. Then when that promise doesn’t hold or ring true, you could find yourself out of pocket.
Our opinion about the Sharpcan case (Commissioner of Taxation v Sharpcan Pty Ltd  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).
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.
Picture this: You are a small business owner. After getting through the first five years of trade, you are starting to see returns on the time, emotion and finances that you have invested into the business. Then a document comes in the mail and your fortune turns on its head. You are faced with a claim by a former employee and you realise your business is faced with an unexpected liability worth thousands of dollars. All due to a clause nested in a Modern Award that you had simply overlooked or misunderstood. Here’s how to avoid becoming that business.
Andreyev Lawyers - supportive and empathetic. This was a difficult process but Andreyev Lawyers provided timely advice and guidance and I was confident that they were doing their upmost.
Jessica assists clients with a range of disputes that arise both in their business and personal lives.
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.
As a general rule, Budgets try to please as many people as possible, and upset as few as possible. This strategy is even more important for a Budget in an election year - when short-term memories are still likely to be working on polling day.
Here are some reasons why you should think about a Constitution for your company, rather than simply adopting the 'replaceable rules' in the Corporations Act.
A relationship breakdown may put significant financial strain on you and your family. If the household income is dramatically reduced, how then do you apply income to support your family during the separation?
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?