Legal blunders may have a catastrophic effect on any organisation, especially for SMEs or small-to-medium-sized enterprises. Large corporations may have the capacity to withstand nearly anything. Yet, a tiny error for a smaller business may cost them a lot of money and damage their image. If you have an SME and think hiring a corporate...
When you’re about to sell your company, you need to have a good grasp of all the legal aspects. So, does that mean you need a lawyer? There are a lot of different parts of the process to consider, like taxes, contracts, employment, intellectual property, and plenty of other stuff that can bite you if...
Unfortunately, when a dispute arises, a contract is scrutinised even more closely as parties attempt to determine their rights in a given situation. Getting it right in contractual dealings should begin as soon as you consider or are approached to enter a contract, whether with a supplier, financier, or customer. What Is a Commercial Contract? ...
Are you trying to incorporate your sole proprietorship business? Well, it takes time to do so, not to mention quite a challenge if you don’t know what you are doing. Sole proprietorships are quite different from incorporated businesses; the obvious point is that it is a separate legal entity from you, the owner. It also...
If you want to expand your business, you can acquire another entity or merge with it. Choosing either of the two is similar to creating a new business but requires a few more steps. You might wonder which alternative would work best for you. With the increase of competition and the limited resources, business owners...
Are you planning on conducting business or starting a new business partner? You may confuse your arrangement as a joint venture or partnership. However, these two arrangements are different and have their own sets of pros and cons. Before proceeding with your business, it is best to understand what these arrangements entail and whether one...
There’s a lot that goes into running a business. Aside from the willpower and determination to get things started, passion is key. Moreover, there’s a lot to go into when it comes to finances and other matters. Sure, you’re likely familiar with the need to apply for permits and register the business as a whole....
Owning a business isn’t always a one-man show. Sometimes, going into a partnership to start a small business can have advantages. However, the catch is you and your partners will split the income and losses of your business amongst yourselves, which will ultimately be negotiated by you. To help you decide what percentage of your...
Joint ventures (JVs) provide contractors of all sizes with greater chances to participate in a more extensive range of significant infrastructure projects in a market as big and diversified as Australia. Australia has a robust, remarkable pipeline of construction “megaprojects” in the works, with differing degrees of contract conditions necessitating a diverse collection of skillsets....
They say that you should invest during a bear market. The Australian government even encourages the public to purchase Intellectual Property Assets. Whether you believe that acquiring assets during this period is a good move, you should mull things over since this involves cash. You might even want to reach out to solicitors specialising in...
The commercial conveyancing process entails the transfer of commercial property from its seller to the buyer through different steps. It typically starts with the contract of sale’s negotiation to the official registration of the transfer. Most of these commercial transactions are handled by conveyancing lawyers who expedite the process and help you minimise the financial...
A cease and desist letter is a legal notice that alleges your practice of unlawful or offensive activity or business. Naturally, it can be distressing to receive this kind of letter since severe legal consequences can follow if you do not comply with the accuser’s demands. These can include legal costs, damages, or the destruction...