Is your reversionary pension really binding on your SMSF trustee?
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...
9 questions to ask yourself before you sell 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...
Hey Partner, we need a Buy-Sell Agreement
If you have business partners, you need to consider what will occur when a partner wants to retire or suffers death or disability. One way to minimise the chaos, and control the order of events, is to design and execute a buy-sell agreement.
Protect your confidential information with a mutual NDA
The first step in starting a successful enterprise is developing an idea, business concept, process, prototype or invention that sets you apart from other businesses. After you have your idea, the next step is to engage with other people who can help you bring it to...
Hiring a CEO for your growing business, in 5 steps
If you don’t free-up some time to think and execute on the next growth strategy, your business will stall, and maybe even falter. The solution is to hire a replacement, but where do you start?
A dummies guide to unit trusts
Not all unit trusts are created equally. Make sure you get the right unit trust to suit your purposes.
Six ‘danger zones’ where an accountant should involve a lawyer
Our business clients are facing increasing complexity and higher risks in almost every area of their business life. Navigating these waters requires a team of professionals who work well together, and serve the client’s bests interest as a cohesive group. At the very...
When can you benefit other people under an Enduring Power of Attorney?
An enduring power of attorney has the power to make a lot of decisions. However, without good planning, they may still not be able to do what you intend them to do. For example, if you appoint your spouse as your enduring attorney they will not be able to do anything that benefits themselves. Find out how to avoid these pitfalls.
What is a ‘Sweat Equity Agreement’, and when would you use one?
A Sweat Equity Agreement is an agreement between a business and someone providing services, whereby the service provider agrees to take equity in the business, rather than cash. Sounds simple? The devil is in the detail…