You are not a bank but you decide to lend someone money….. There are a lot of families I see where they have lent a considerable amount of money to their adult working children with the expectation that it will be paid back, but there is nothing actual concrete to ensure it happens. The accountability …
Associations Company Joint Venture Partnership Personal Securities Property
27 May 2015
Should I start a company?
Why incorporate? Main advantages: Incorporation protects board members from most instances of personal liability by creating a separate legal entity. The company instead of the individual can enter contracts, hold assets and can sue or be sued. Basic principles of the entity and its operations are outlined and enforced. A variety of regulations and guidelines …
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Business Law Company Contact Debt Recovery Finance Joint Venture Partnership
6 August 2014
Debt recovery for businesses: Part 1 which court and when?
Part 1 of Debt Recovery Series by Maria Rigoli and Damian Ballan CHASING MONEY: THE LETTER OF DEMAND (LOD) A LOD is sent to a person or organisation who owes you money (the debtor) following your supply to them of goods and services. The LOD advises the debtor of the amount outstanding and threatens court …
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Contract Law Family Trusts Inheritance Joint Venture Prenups Property Refinancing Wills
27 May 2014
Wills and family agreements
WILLS AND FAMILY AGREEMENTS: WHAT CAN GO WRONG There are a significant number of generous parents these days who purchase properties for their adult children based on family “understandings” that are never recorded, only verbal. The agreement varies from family to family and can include arrangements anywhere from the parents legally owning the house, to …
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Associations Business Law Company Discretionary Trusts Family Trusts Joint Venture Partnership Self-Managed Super Funds Tax Unincorporated Associations Unit Trusts
30 April 2014
Starting or buying a new business – which structure?
Starting or Buying a New Business- Which Structure? WHAT IS THE BEST LEGAL STRUCTURE FOR A START UP BUSINESS? The importance of getting your structure right when buying or starting up a small business cannot be underestimated. For example, there are capital gains tax concessions which are available to all different structures, subject to qualifying …
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