How much notice do you need to give to call a directors/Board meeting?
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.27.2″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] 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 […]
Do directors need notice of proposed director/Board resolutions?
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 Constitution may include specific provisions that require advanced notice of what will […]
ADLV Law chats with Tax Talks about Unfair contract terms
Business owners should be aware of changes to Australian Consumer Law that have focused on Unfair Contract Terms. What is an unfair contract term? And what can you do to ensure your business complies? In an episode of Tax Talks, ADLV Law will walk you through the history of Australian Consumer Law unfair contract term […]
When the Partnership Bubble Bursts: What happens if I want to continue operating the business post-dissolution?
Much like a divorce, the dissolution of a business partnership can be unexpected and difficult to manage. We have written before about what happens when someone leaves a partnership. This article goes into a bit more depth about what happens if you wish to continue operating the business after your business partner leaves.
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 start to sell your business. 1. Do I […]
Did they cross the line? Dealing with workplace bullying
What one person sees as bullying, another sees as office banter. This is our guide to identifying bullying and dealing with a workplace bully. What is workplace bullying? Fair Work Australia defines workplace bullying as repeated and unreasonable behaviour directed at a worker or worker group that creates a risk to health and safety. Below […]
What is a director’s role in a members’ voluntary liquidation?
If you are a director and member of a company and ready to shut down your solvent business through a members’ voluntary liquidation, you may be wondering how the process looks. In particular, you may be wondering what your role will be as the liquidation progresses.
Read more below to see how you may stay involved with the company throughout the liquidation process and how your role might change if you opt out.
Is “Private and Confidential” legally enforceable?
So you want send a message to someone, but you don’t want anyone else to read it, and you also don’t want the recipient to tell anyone else what you have said. Is writing ‘Private and Confidential’ on the correspondence, enough?
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 life. Unfortunately, it’s almost impossible to enter meaningful discussions […]