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.
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?
Not all unit trusts are created equally. Make sure you get the right unit trust to suit your purposes.
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.
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…
If you are living permanently outside of Australia, do you still need an Australian Will? Yes. Find out why.
Most people believe that registering a business name means they own that business name – this is not the case in Australia. To obtain the exclusive right to use your business name, you need to register it as a trademark or prove that you hold a trademark at common law.
If you are heading overseas for an extended period of time, and have a SMSF, then you need to do some housekeeping before you leave.