A company constitution is usually drafted in a standard format and does not provide protection for shareholders in the event of a dispute between them or where issues arise not covered by the constitution. A shareholder agreement, which properly outlines the steps to...Read More
So, you have found a business and you have your heart set on buying it. Or maybe you work for a business that looks like it is being sold. Congratulations that’s great news! However, before you rush off to hand over the purchase price or greet the new owner of the...Read More
There are 4 main types of business structures for doing business in Australia, each with their own advantages and disadvantages. A person can carry on business as a sole trader, partnership, trust and company. The choice of business structure is an important decision...Read More
It’s not uncommon for one family member to loan money to another family member without preparing a written agreement and with the intention that it will be repaid when the person loaning the money asks for it. Such a loan is termed an on demand loan, that is, the loan...Read More
When registering a security interest on the Personal Property Securities Register (the PPSR) it is important to take great care when identifying the grantor (the person who has the interest in the personal property to which a security interest is attached). Errors...Read More
New laws require strata schemes to review their by-laws by 30 November 2017. This means that each of the 75,000 strata schemes in NSW that existed before the new laws came into effect on 30 November 2016 must undertake this review. The laws do not specify what the...Read More
