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Deciding on the Right Legal Business Structure for Your Start-Up
Founding a start-up is pretty exciting, but you have to make sure that you get it off the ground on the right foot. One of the most important things to consider at this early stage is its legal business structuring. Finalising your decision between operating as a sole trader under an Australian business number (ABN)...
What You Should Know About Updates on GST Withholding Rules
The transitional period for GST withholding rules is coming to an end, and with it comes new circumstances, especially for contracts started before 1 July 2018. Beginning on 1 July 2020, previously exempt agreements unsettled on or before 30 June will be subject to the withholding rules. Under the transitional provisions, old contracts for the...
Why You Need a Lawyer in Commercial Property Transactions
For any kind of business or investor, it goes without saying that the process of purchasing or selling a commercial property of any kind is a crucial experience and a significant investment decision in itself. While any kind of investment decision bears its own significance, commercial property transactions are particularly vital because of their impact...
3 Considerations to Make Before Entering a Commercial Lease
Many who cannot afford to build their own business property have opted for commercial leases as more affordable alternatives. Like how a tenant rents an apartment, a tenant in a commercial lease rents a property for business purposes while paying rent to the landlord. If you are planning to enter a commercial lease, you must...
4 Common Real Estate Mistakes Regarding GST – What to Know
Tax is one of the biggest components of our daily life yet is also one of the most commonly misunderstood. Taxation, in general, affects nearly all of our purchasing decisions and is guided by the laws set by the Australian Taxation Office. While many generally think nothing of it, some common misconceptions can become more...
Business Sale as a Going Concern
If you own a particular business, there may come a time in your life when you will consider selling it. Chances are, you think about selling all your products and supplies to one company as well as tools and resources to another. However, the whole process can become confusing along the way, especially if you...
Agency Relationships 101 – Definition and Types – Our Guide
Managing a business entails various responsibilities to handle and tasks to accomplish, which is understandably challenging for any individual. If you are having a hard time taking care of other business responsibilities, then you may consider hiring agents to help you run your business more effectively. Whether you are occupied with handling other business matters,...
Passing off in Australian Law – What to Know
In the world of commercial law, one way many companies protect their interests is by registering a trademark. This, however, is not always possible. In fact, acquiring a trademark is not always necessary, and not having one doesn’t necessarily mean that a business is completely exposed. It is in these types of situations where the...
3 Things You Can do as an Employer During COVID-19 Pandemic
There is no doubt that times are uncertain during the COVID-19 pandemic. Both employer and employees alike are worried about their work and personal situations. With fear on the rise and the increasing amount of businesses being forced to shut, there are a few things you can do to safeguard your business. Although taking precautions...
Why You Should Seek Legal Guidance When Starting a Business – What...
Starting a new business can be exciting however it does come with some level of risk, without the proper guidance you can be faced with some challenges that may not be easily overcome. The prospect of starting your own business can sometimes be such an effort that you struggle to manage your time with competing...
Understanding GST on Residential Land Acquisitions
Before July of 2018, those looking to purchase a residential property and are registered for GST pay it on top of the property’s price to the vendor, which is then given to ATO (Australian Taxation Office). For those who did not register, it’ll be included in the property’s price and would be the responsibility of...
Our Guide to the AIR Approach for Safety in Vendor Financing
Selling a small business is commonly perceived as a headache for one simple reason: it is notorious for being extremely difficult, especially for those in certain niche industries. A key difficulty that contributes greatly to the typical difficulty of offloading a small business is the rarity of finding a buyer who is able to fund...