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Selling your café in Brisbane: tips for a successful business sale
Selling a café in Brisbane requires more than simply listing the business on the market. Owners should prepare financial records, organise legal documents, maintain strong business performance and present the café professionally to potential buyers. With the right preparation and professional advice, café owners can improve their chances of achieving a smooth sale and securing...
The do’s and don’ts of commercial lease agreements
Commercial leases contain important terms that define the rights and responsibilities of both landlords and tenants. Understanding clauses such as subletting, rent review and break clauses can help businesses avoid disputes and manage lease obligations more effectively. When negotiating a commercial lease, it is important to understand the essential terms that should appear in the...
Top 5 Ways to Mitigate Legal Risk for Your Company
Running any kind of business, large or small, comes with risk and it’s important you know the right strategies to keep that risk level to a minimum. Here are our top five ways to mitigate legal risks for your business: 1. Contract management – firstly, you should only sign contracts you genuinely understand. Also,...
What to do when a business partnership turns sour
There’s nothing better than a harmonious business partnership, and unfortunately, few things can be worse if that relationship turns sour. To avoid disputes, it’s crucial that every member of the partnership understands their responsibilities and what to do if disputes arise. Disagreements in business can happen for a few reasons, including: Profit...
Buying Australian property and business from overseas
Australia has strict rules and regulations about foreign investment. The Australian government classifies you as a foreign person if you intend to buy residential or commercial property in this country if you are not: A citizen of Australia A permanent resident of Australia A New Zealand citizen with a special category visa A permanent resident...
Share Sale vs. Asset Sale – What is the difference?
When purchasing a business, there are two primary methods to consider: a business asset sale or a share sale. Each approach has distinct legal and commercial implications, and the choice between the two will depend on the specific circumstances and objectives of the parties involved. Business Asset Sale vs. Share Sale In a business asset...
Mergers and acquisitions – what do lawyers do?
Choosing to buy, sell, acquire, or merge a business is a big financial decision, and it comes with a lot of responsibility. It’s important to have an experienced business and commercial lawyer to help you through the process. But what exactly does a solicitor do during the merger and acquisition process? Due diligence – your...
What to consider when entering a joint venture
Joint ventures are a great way to start a business, as you’re combining resources, expertise and risk. However, there are several important considerations to consider when entering a joint venture. The joint venture agreement should cover every aspect of the business, including who is responsible for what, who owns any intellectual property, what is the...
GLG Legal advises ASX-listed Mining Company Cannindah Resources...
GLG Legal has advised Cannindah Resources’ (ASX:CAE) on its latest successful capital raising; marking both a milestone for Cannindah Resources and a demonstration of continued investor support for Queensland’s resource sector. The fully underwritten $4.5 million entitlement offer sets the foundation for expansion drilling and broader exploration of high-value copper-gold targets. This article unpacks the...
Franchise costs and fees
How much does it cost to start a franchise Starting a franchise is a great way to get into running your own business, with an established brand that your customers are already familiar with. As part of the deal, the franchisor grants the franchisee certain rights, including using the brand name or trademark and the...
Why hiring a commercial leasing lawyer is what every business needs
Entering a commercial lease agreement is quite a big step for anyone, especially those who have no experience with the complexities of a commercial lease and negotiating their terms. whether you’re opening a restaurant, a car wash, or an office, you need to understand everything there is to know about a commercial lease. This is...
Building allowance – what is it and how does it work?
The building allowance is a deduction that allows property investors to offset construction costs of their investment property against their tax assessable income. The deduction is available for: buildings or extensions, alterations, or improvements to a building alterations and improvements to a leased building, including shop fit outs and leasehold improvements structural improvements such as...