Tag: Company

What is a Share Sales Agreement? A Share Sale or Sale of Shares Agreement is a legal contract that outlines the terms and conditions under which shares of a company are sold and transferred from one party (the Vendor) to another (the Purchaser). This agreement is essential in ensuring that all aspects of the sale […]

The right contracts protect you and your business when the unforeseen occurs. If Jodie had the right contract templates, she could have avoided so many issues that compromised her business and her livelihood. Imagine this… You step out of the house and glance up at the sky. There’s not a cloud in sight and all […]

If you own and operate a business with others, have you considered what might happen if one of your partners:– A Shareholder Buy Sell Agreement allows you to stipulate what would happen upon certain trigger events, allowing you to plan for the unexpected and safeguarding your companies future. is unable to work for a long […]

Conducting business with people who you don’t know very well can be risky, especially when large sums of money are involved. Sometimes it’s just not enough to rely on gut instinct or the say so of the parties involved. It is prudent to conduct targeted enquiries or due diligence about the party you are considering […]

Earlier this month I had a call from Steve.  He had been speaking with his friend (Jodie) whose business partner had died recently in a motor accident, leaving her and the business in a tricky situation. Jodie and her business partner, Claire, were building a successful fashion label. Claire looked after the finances and marketing, […]

As the owner of a private company, it’s normal – and completely legal – to borrow money from your business. However, thanks to Division 7A of the Tax Act, failing to properly record that loan could land you in some serious strife come tax time. Here’s how it works, and how to avoid its impact […]

What is a Shareholders Agreement? Shareholder Agreements are referred to as constitutional documents. That is, they constitute and document the relationship between the parties entering a business endeavour together. What part do finances play in a shareholders agreement? Before entering into a shareholders’ agreement, the parties should consult with their accountant or business adviser to […]

Earlier this month I had a call from Steve.  He had been speaking with his friend (Jodie) whose business partner had died recently in a motor accident, leaving her and the business in a tricky situation. Jodie and her business partner, Claire, were building a successful fashion label. Claire looked after the finances and marketing, […]

If you have decided to start a company (or you are currently operating a company) then it is imperative to address how the operation and internal governance of the company is to be conducted. This can be done via one or more ways including by use of:- the replaceable rules, found in the Corporations Act; […]