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.
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...
Succession for farming families doesn’t need to be a bun fight. You just need a plan.
If you have been newly appointed to manage a Private Ancillary Fund, you may feel overwhelmed or unsure what you need to do first. You do not want to get bogged down in administration when real objective is to make a positive impact on your community. We have put together a simple list of the first actions you need to take to make sure you start on the right foot.
Have you ever wondered what happens to the remaining amount owing on your HECS-HELP loan when you die? Well here’s your answer!
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?
Frydenberg’s announcement may help your small business restructure its debt obligations to trade out of the COVID recession.
Not all unit trusts are created equally. Make sure you get the right unit trust to suit your purposes.
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...
What happens if the executor of an estate or trustee of a testamentary trust loses mental capacity?
So, you’re running a business and need to develop a system to identify trends in customer activity on your website. You’re about to hire a software engineer to lay some code, and the question of who will own the IP comes up in your negotiations over the Software Development Agreement…
Do you remember the scene in Titanic where an elderly husband and wife choose to perish together rather than be separated? The couple were Ida Straus and her husband Isador Straus, Macy’s department store co-owner. Hankies aside, this story is interesting from an...
The specific terms of your trust deed can mean you will either save or lose money in income taxes. It is important your deed is up to date and gives the trustee all the powers it needs to optimise the trust’s tax position.
The main thing to remember is that trusts can only ever distribute trust law income, as it is defined in the trust deed.
You’ll be put straight through to a great lawyer who will guide you to the right solution.