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10 Considerations for your Not for Profit Organisation
It is with interest that I read a recent publication by the Australian Institute of Directors titled, Good Governance Principles and Guidance for Not for Profit Organisations (“the AICD NFP…
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Do you know the difference between a company in administration, receivership and liquidation?
In today’s current economic climate it is important for everyone doing business to know the difference between a company in receivership, a company in administration and a company in liquidation.…
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SMSF Trustee – company or individual?
A common question clients ask me when setting up their Self Managed Superannuation Fund (‘SMSF’) is whether they should individually act as the trustee of their SMSF, or appoint a…
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Are you changing your SMSF trustee to a company?
If you are thinking about removing yourself as an individual trustee of your Self-Managed Superannuation (‘SMSF’) and appointing a company as your trustee, the process can be very simple. However,…
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Get me out of this property contract! Interesting times in property
No-one’s got any money. Sellers want too much. Why is my bank taking 21 days to give me an approval? Help me – I have signed an unconditional contract, but…
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Unconscionable conduct in Franchising
The Australian Competition and Consumer Commission (ACCC) recently released a “Business Snapshot” on unconscionable conduct to help businesses comply with their obligations under the Competition and Consumer Act. The ACCC’s paper has…
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What’s the difference between Franchising and Licensing?
I am often asked of the distinction between a “Franchise Agreement” and a “Licence Agreement” (Franchising and Licensing). What is a Franchise Agreement? The key distinction can be found in…
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Self Managed Superannuation funding for Business Wills
I recently read an article which highlighted the potential benefits for clients using their Self Managed Superannuation Fund (SMSF) to fund their buy/sell agreement (also commonly referred to as a Business Will). The…
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The Pie Face Franchise Dispute
Three franchisees of the fast-food chain Pie Face have threatened to launch legal action against the franchisor on grounds of being misled over costs and profits when they first purchased…
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Buying a Franchised Business
Franchised businesses differ from other businesses in a number of ways. They offer the ability to run your business using the franchisor’s “system” in a way that allows you to…
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Shareholders Agreements
A Shareholders Agreement (SA) is something that I strongly encourage all my clients who operate a business (either as a partnership or company) to have. When I first see a…
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Foreign Companies operating in Australia
I have recently had an enquiry from an international company in relation to its options with respect to establishing itself in Australia. Essentially, a foreign company wishing to establish itself in…
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