A discretionary trust can be a versatile and powerful tool as it offers individuals and businesses a range of benefits. As a legal structure, it allows for the strategic management and distribution of assets and
In Australia, entrepreneurs have a range of options available to them when looking to start and structure their business ventures. Each different has its own advantages and disadvantages or considerations but allows for flexibility when
If you are starting a new business venture in partnership with someone else, it is highly advisable to put in place a Shareholders/Partnership Agreement. We regularly receive enquiries from people who have not done so,
A Buy/Sell Agreement is a valuable piece of your business succession plan. For those who run a business with co-owners, you should always consider a Buy/Sell Agreement as it puts measures in place to enable
As previously discussed in our article Director Identification Numbers – What Do You Need To Know?, all company directors must obtain a Director Identification Number (DIN). A DIN is a unique identifier allocated to all
Starting your own business is one of the most satisfying things that you can do, and seeing it flourish and grow is an incredibly fulfilling experience. Some people kick off their business as a sole trader
Whether you are looking to establish a new business enterprise in Australia or expand an existing business, there are many things to consider. In addition to thinking about your sources of capital, reaching agreement with suppliers, trading terms with customers, leasing premises, products and marketing,
Becoming a company director comes with many benefits – power, connections, and good compensation befitting the role. However, the position comes with responsibilities, and when things go wrong, a company director can be personally liable
On 5 October 2021, new legislation was introduced by the federal government, partly as a way of identifying directors engaging in unlawful activity such as illegal ‘phoenixing’ and tracking directors who act across multiple companies
