When commencing a business venture, it is necessary to consider the most appropriate type of business structure to put in place. Different business structures have different benefits and disadvantages. This article looks at the sole trader business structure –...
A shareholder agreement is a private contract between the shareholders of a private company and the company itself, and between each of the shareholders of the company to each other. The agreement governs the shareholders’ respective rights, responsibilities,...
One of the attractions of incorporating a company for many people commencing a business is that it can limit the personal liability of its directors to creditors. That is, the company, which has its own legal identity, may owe money to others while the directors...
Starting a business can be exciting, but also overwhelming and challenging if you have not properly prepared for your new venture! This guide will take you through some essential considerations of starting a business. Business plan Business plans are vital if you want...
The COVID-19 pandemic not only brought with it changes to how we live our lives, but it also pushed and ultimately fast tracked the validity of some increasingly common business processes. One of those innovations related to the way in which documents may be executed...
A guarantee is a binding promise from one person (the guarantor), to be answerable for the debt or obligations of another (the debtor or borrower), if that other person defaults. Guarantees become enforceable against the guarantor by the person to whom the guarantee...
