Tag archive for legal

How to register a business in Australia

how to register a business in australia

Many people quickly become tiresome of being an underling, and change professions in mid-career to go out into business for themselves. The most common complaint about working for someone else and reason for a career change is this: People feel like they are working themselves …

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Importance of a Business Agreement if the Ownership is Shared

small business agreement

 An old saying goes: verbal contracts aren’t worth the paper they’re written on.
If an agreement, which is another word for contract, is important, it should be in writing. It’s that simple. As a matter of fact, even minor agreements should be in writing. The reason …

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What is the Right Form to Run Your Business? Sole Proprietor, Corporation, Partnership, LLC?

company structure

If you’re starting a business the first decision is how you’re going to conduct it. There are four major forms for doing business, and each has advantages and disadvantages. You should review these ideas with your attorney and accountant.
• Sole Proprietorship. This is the simplest …

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Selling a small business

selling a business australia

Selling your business can be the most significant financial deal you will ever make. It can also be stressful.
When is the best time to sell your business? Consider the following factors:
• Your health. If you have serious health issues, does this prevent you from running …

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The Business Planning Process

small business plan

 To start or run a business without a plan is like setting out on a voyage without plotting a course. Either can result in a catastrophe. Business planning will keep you afloat.
If you don’t have a business plan, you need something else in abundance: luck. …

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Are Legal Templates Safe to Use?

Templates for small business

Your lawyer generates lots of paper covered with lots of words. Just think of some of the documents your lawyer provides: shareholder agreement; vendor contracts; non-competition agreements. The list is endless, and so are your legal bills.
Suppose you ask fora shareholder agreement. This document can …

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10 Tips on Using Legal Templates

Lebal templates small business

As a small business owner you have a need for legal documents. Handshakes are fine, just hope that you don’t have to enforce a verbal contract. If you want something to be binding there should be a written instrument.
Printed fill-in-the blank legal forms have been …

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Sole Trader vs. Company? Which Structure is Right for You?

small business company structure

Simplicity, in this cluttered information age, is often seen as a virtue. But sometimes simplicity is overrated. If you are starting a business in Australia, you want to keep things simple because you have enough details to worry about.
One of the first decisions you will …

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Legal small business tips

legal small business

Nobody would argue that you should conduct your small business within the law, unless you are a criminal. You have no intention of committing fraud, deceitful practices or doing anything other than running an honest business. You have no intention of hiding income to avoid …

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How to choose a small business name

When you are in a situation where you are just on the verge of launching yourself, you may find that you are stymied when it comes to a business name. Everyone knows how important a business name is, but getting one that works for you …

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