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180 Lot Subdivision Projects
Highlighting some of the work we complete for commercial partners, our team are currently working on a 180 lot subdivision for a commercial client. This project is a mix of residential and commercial lots. The client has entrusted GLG with: AS4902 construction contract with a value of $80millon GLG is responsible for the preparation and...
3 Must-Consider Issues When Buying or Selling a Rental Business
As an aspiring entrepreneur, there are several opportunities that you’ll come across that will make a significant impact on the trajectory of your career and net worth. Regardless if it’s a crucial learning opportunity (such as a workshop) or a new opening for a partnership, each vital stepping stone will bear an amount of weight...
A Guide to Protecting Yourself When Issuing Vendor Finance
At one point, you may consider selling your small business. Whether it may be to start anew, source out funding for a new project, or look for new people to take over a project, various reasons make selling viable. However, it can be challenging to sell an entire business, especially when it comes to niche...
A Quick Guide to GST & Real Estate – What You Need to Know
Registering for goods and services tax, or GST, is a vital part of commercial property investment. GST is often overlooked, which is an all-too-common mistake that amateur investors make. Factoring GST in your budget will save you a lot of effort and resources. While GST is a complicated topic and its intricate details can be...
Transfer Duty Exemptions for Home and Property Owners
One of the greatest assets you may ever have is your home. There are a variety of circumstances where you may acquire a place of residence with full or part ownership. In Queensland, a transfer duty applies when you acquire such an asset. However, there is a grey area as to when you may not...
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...
What You Need to Know Before Signing a Deed of Release
What is a deed of release? A deed of release is a legal document formed between two parties that brings a dispute or an agreement to an end, and can in fact can be used to prevent a dispute from arising in the future. Generally speaking, a ‘release’ is a discharge of obligations. There are...
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,...