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...
The division of assets after a couple has separated can be finalised by way of financial agreement, consent orders or proceedings in the Federal Circuit and Family Court of Australia. The Family Law Act 1975 (Cth) requires parties to make genuine efforts to resolve...
While many people are unlikely to nominate estate planning aka “Thinking about what will happen to my assets when I die” as being on their “most wanted things to do” list, in reality, this is something that should be on all of our “must do” lists. Proactively planning...
All jurisdictions in Australia provide statutory rights for certain eligible persons to contest the terms of a Will if they can show that they have been left without “adequate provision” by the willmaker. These claims are commonly referred to as family provision...
There can be significant differences in the taxation consequences of certain family law related orders or settlements and deciding who keeps what. Unique opportunities in the family law environment can enable a couple to lawfully restructure their business and...
A company constitution is usually drafted in a standard format and may not provide adequate protection for shareholders in the event of a dispute between them or where issues arise not sufficiently covered in the constitution. A shareholder agreement, properly...
Separating couples involved in a family law property settlement are often under emotional and financial pressure. When one or both parties are involved in a business, this can add additional stress and complexity to the division of property. A business interest,...
A valid Will determines how your estate is dealt with after you die. Your Will can appoint an appropriate family member or trusted friend or a professional person or trustee company to administer your estate (your executor), nominate guardians for young children,...
