by ADLV Law Team | 1 - 138, 1 - Start, expand and raise capital for your enterprise
You must understand the full implications of the share structure you adopt in your companies. How you set your companies up will have a material impact on the commercial control, commercial return, tax, asset protection and estate planning outcomes you achieve.
by ADLV Law Team | 1 - Start, expand and raise capital for your enterprise, 2 - Run and manage your business (general commercial), 35 - Manage and incentivise your team (employment law)
There are several ways a doctor can join your medical practice. As the owner of the practice, it is important for you to understand the key differences between each arrangement, and ensure you have the right agreements in place. Independent Practitioner (or...
by ADLV Law Team | 6 - Build and protect your wealth (including trusts), 8 - Pass on your wealth (including EP)
When it comes time to make an Estate Plan, most people have at least some idea who they want to give their wealth to. In many cases, they first want to give it to their partner, and then after their partner dies, they want to share it equally among their children. This is what we call the ‘standard’ or default choice.
For families with considerable wealth, there is one more ‘layer’ of planning you must consider. This is the scenario if one of your children dies, either before or after inheriting.
Once again, there tends to be a default in this scenario, that is, the children of your child (i.e. your grandchildren) will take their parent’s share. In this manner, the wealth passes down your ‘family’s bloodline‘.
This sounds simple and appropriate, but it does raise several critically important issues – that justify more thought.
by ADLV Law Team | 2 - 230, 2 - Run and manage your business (general commercial)
Natalie Massenet: I would definitely say get a lawyer. That’s the one thing. A lot would be different just with that one act.
by ADLV Law Team | 2 - 12, 2 - Run and manage your business (general commercial)
Lawyers are generally pretty conservative people. It’s our role within society to apply a skeptical view to new things, pay respect to historical precedent, and generally defend the more conservative and established institutions and social norms, i.e. to drag...
by ADLV Law Team | 2 - 113, 2 - Run and manage your business (general commercial)
The Corporations Act 2001 (Cth) does not specify a minimum notice period for the calling of a valid directors/Board meeting. All that is required under the Corporations Act is that each director must be given ‘reasonable notice’ of the meeting by the...
by ADLV Law Team | 2 - 113, 2 - Run and manage your business (general commercial)
The short answer is, no. The Corporations Act 2001 (Cth) does not require directors to be given prior notice of any matters to be discussed at a directors/Board meeting, or any resolutions to be put to the directors/Board at the meeting. Your Company’s...
by ADLV Law Team | 9 - 65, 9 - Deal with a deceased estate (Administration)
We are often asked by clients who are appointed as an executor of an Estate whether they need to gather the family around and ‘read the Will’ out loud. While this is often the kick off point for an Agatha Christie murder mystery, this formality is not...
by ADLV Law Team | 6 - 287, 6 - Build and protect your wealth (including trusts)
A super fund is, at its most basic, simply a ‘trust’. The ‘trustee’ of the super fund holds the ‘member’s balance’ on trust for the ‘member’. What most people don’t realise is that because the super fund is a trust, it’s governed by the...
by ADLV Law Team | 4 - 229, 4 - 25, 4 - 250, 4 - 258, 4 - 309, 4 - 310, 4 - 311, 4 - 318, 4 - 6, 4 - 8, 4 - Acquire, sell or shut down your business
We have written a lot of technical stuff about selling a business. But we’re finding that more and more people want to understand the best high-level strategy to actually conclude a successful deal. Set out below are 9 key questions you need to ask yourself before you...
