Feb 3, 2024 | Business Law
There are a variety of structures a business can operate under. These structures include sole trader, partnership, company and trust. A business’s structure is dependent on its growth prospects, the number of members and owners and the potential liability of key members of the business. An often complex and misunderstood business structure is a trust.... Read More
Jul 5, 2022 | Business Law
There are four main types of business structures for conducting business in Australia, each with their own advantages and disadvantages. A person can carry on business as a sole trader, partnership, trust or company. The choice of business structure is an important decision to make at the start of a business venture, as the structure... Read More
Jun 27, 2022 | Business Law
This article looks at companies – how to set one up, and the pros and cons of a company structure. When commencing a business venture, it is necessary to consider the most appropriate type of business structure for your company. Different business structures have different advantages and disadvantages. Key Features of Companies A company is... Read More
Jun 22, 2022 | Business Law
A company is an association incorporated under the Corporations Act 2001 (Cth) (the ‘Act’). Incorporation gives the company a separate entity, distinct from its directors and shareholders. The company can enter into contracts, sue others, and be sued in its own right. The Australian Investment and Securities Commission (ASIC) is the Government body authorised to... Read More
Jun 20, 2022 | Business Law, Property Law
Below are five things you should do before signing a business lease. 1. Factor in rent payments As a tenant, you are required to pay an amount – often referred to as your rent – for occupying the premises. This amount is usually paid to your landlord or managing agent each month. Calculate how this... Read More
May 17, 2022 | Business Law
With the enactment of the new laws, all current company directors and anyone who wishes to become one, will be required to obtain a unique director identification (Director ID or DIN) number. This will be administered by a new national registry service, the Australian Business Registry Services (ABRS). Unlike the previous system which allowed any... Read More
