Other Articles
Do-It-Yourself business contracts – what could go wrong?
Contracts are fundamental to the operations of a business and set out the reciprocal promises made between parties to a commercial transaction. It is virtually impossible to do business without some type of a business contract. Over time, your business needs are...
‘Click here’ – electronic execution of documents is here to stay
The COVID-19 pandemic not only brought with it changes to how we live our lives, but also clarified the validity of some increasingly common business processes. One of those innovations relates to the way in which documents may be executed by companies. Prior to March...
Understanding easements in your property contract
Identifying and understanding easements in a property transaction is an important part of the conveyancing process. Vendors are required to disclose all easements affecting the land they propose to sell in a property contract, and buyers should ensure they are aware...
The risks of being an executor + commissions and personal liability
Are you an executor of a Will? Before administering the estate, you should understand that this role involves risks such as personal liability for the expenses of administering the estate. You also should be aware that you may be entitled to commission for your ‘handy...
Selling your farm
Selling rural property requires additional considerations not common to the transfer of residential property. Ancillary to the land and improvements is the ‘business’ of the farm which may involve the transfer of crops, stock, plant and machinery. There may be water...
Estate planning – what is an estate plan?
An estate plan involves more than signing a Will and storing it in a ‘safe place’. Estate planning requires a holistic approach in consideration of a person’s present circumstances and foreseeable future. A plan needs to consider who matters, what you have now, what...
Business structures: Partnerships – the pros and cons
When commencing a business venture, it is necessary to consider the most appropriate type of business structure to put in place. In Australia, there are 4 common business structures – sole trader, partnership, trust and company. Different business structures have...
Key considerations when selling your business
You should ensure you take time to prepare and carefully consider the sale of your business, before committing to sell. There is a lot to organise and prepare when getting ready to sell your business. The discussion below outlines some questions you should consider...
Commercial leases – Responsibility for repairs and maintenance
A commercial lease is a legally binding contract that gives a tenant certain rights over a property for a set period of time subject to the terms and conditions set out in the lease. A commercial lease is used when leasing property used primarily for a business. You...
Everyone is talking about ‘corporate governance’…. But what does this actually mean?
In recent times the term ‘corporate governance’, and the increasingly popular ‘good corporate governance’, appear to be regular topics of discussion both in the media and the general population. These terms are routinely used when considering the actions of a wide...