Separation is never easy, but it can be even more difficult for business owners. This is because business owners have the added uncertainty of having their jobs (and often livelihoods) tied up in a business that is considered an asset of the relationship. For many business owners, the most daunting aspect of their separation is the possibility of losing their business.
If you are young and single, making your Will is often not front of mind. Your priorities are stagnant wage growth, climate change and choosing a milk alternative for your daily coffee. However, even at this stage of life it is important to consider who will get your stuff when you are gone.
If the government wishes to mandate a 0.5% wage increase for all Australians, no matter what income they are on, then that’s what they should say.
We know that getting your trust distribution minutes right can be a headache.
To help, we have compiled a series of useful articles and links below that will help you optimise your trust distribution minutes and assist you in getting them right the first time, every time.
This summary article aims to give you a brief understanding of the major changes facing company directors this year.
When the Partnership Bubble Bursts: What happens if I want to continue operating the business post-dissolution?
Much like a divorce, the dissolution of a business partnership can be unexpected and difficult to manage. We have written before about what happens when someone leaves a partnership. This article goes into a bit more depth about what happens if you wish to continue operating the business after your business partner leaves.