If you hold residential land in NSW in a discretionary trust, chances are you will be subject to surcharge land tax. We can help you avoid the surcharge.
Surcharge Land Tax and Discretionary Trusts in NSW
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Are you breaching the Privacy Act?
Are you protecting your employee’s personal information? If not, you may be breaching your obligations under the Privacy Act 1988.
Our answers to your top 5 questions about Private Ancillary Funds
Do you want to be more strategic in your charitable giving, make a real impact on the community and create a lasting legacy as part of your family’s story? Private Ancillary Funds (PAFs) can be a great option to achieve these goals. To help you decided whether PAF is right for you, we’ve pulled together our answers to 5 questions we are frequently asked by those considering establishing a PAF.
I’m an executor, what do I do?
Disputes involving executors of deceased estates are increasing. Usually, a trusted family member or friend appointed as an executor is just trying to do the right thing by their loved one. So, what are they doing wrong? Read on to find out how you must perform your duties as an executor.
Beware: You could be personally liable for underpaying staff
Given the increasing heat being placed on directors and business owners, it’s important for you to understand the legal requirements and put in place compliance systems so that employees are being paid their legal wages and entitlements.
Careful what you say about the future – misleading representations
It’s not unusual to make a decision to enter into an agreement, based on a statement or promise by the other party about what the future will hold. Then when that promise doesn’t hold or ring true, you could find yourself out of pocket.
Hey founder, are you being left behind?
Founding a company is a lot easier than retaining control of it. Part of your journey will necessarily involve other people. First, it may be a co-founder. Then family and friend investors, and ultimately professional investors. During this evolution, the chances of you being left behind, and things getting out of control, increase exponentially. We’ll help you get back in control, with a binding entitlement to what you’re worth.
Modern employment awards – are you a risky business?
Picture this:
You are a small business owner.
After getting through the first five years of trade, you are starting to see returns on the time, emotion and finances that you have invested into the business.
Then a document comes in the mail and your fortune turns on its head. You are faced with a claim by a former employee and you realise your business is faced with an unexpected liability worth thousands of dollars. All due to a clause nested in a Modern Award that you had simply overlooked or misunderstood.
Here’s how to avoid becoming that business.
Supportive and empathetic, providing timely advice and guidance
Andreyev Lawyers – supportive and empathetic. This was a difficult process but Andreyev Lawyers provided timely advice and guidance and I was confident that they were doing their upmost.
When should directors be personally liable for tax debts?
As a general rule, a company provides its shareholders with ‘limited liability’. This means that the extent of resources a shareholder risks when they invest in an enterprise is limited to the amount of capital they put into the company (or agree to put in). If the company runs out of resources, or gets hit with a nasty surprise, the capital may all be lost, but the shareholders are not obliged to put anything additional in. They have just ‘done their doe’.
The limitation of liability for shareholders has not really changed much over the centuries that limited liability companies have been around. What has changed, is the role and responsibility of directors.
Does your company need a Constitution?
Here are some reasons why you should think about a Constitution for your company, rather than simply adopting the ‘replaceable rules’ in the Corporations Act.
Crime never pays, but you might have to.
As a business owner, you trust your employees to be honest. It’s therefore every employer’s worst fear to find out that an employee has been stealing from you. But what if then, that employee sues you, and your lawyer tells you that employee has a case?
How to effectively limit your liability
Limitation of liability clauses are a great way for parties to a contract to limit, manage or allocate risk between them.
If you see the word ‘indemnity’ in a contract – SEEK LEGAL ADVICE IMMEDIATELY
Indemnities are often treated like a ‘standard’ or ‘boilerplate’ contract clause, when they are anything but. If they are ignored or overlooked, you could be in trouble when something goes wrong. However, when used properly, indemnity clauses can help you to manage your risk when entering into an agreement.
Call 1300 654 590 and speak with a lawyer today
You’ll be put straight through to a great lawyer who will guide you to the right solution.