If you want to avoid your business or employer getting slugged millions of dollars in fines and potentially even more costly brand damage through bad publicity, you must understand Australia’s misleading and deceptive conduct laws. Let’s start by looking at an...
Is your mortgage covered? What would you do if you couldn’t do the job you’ve trained for anymore. You may be able to work, but possibly not the work you originally intended. If you are a bookkeeper or BAS Agent you might not be able to travel to clients sites,...
Do you know the difference between a joint venture and a business partnership? WE HAVE WRITTEN BEFORE about what makes joint ventures successful. Indeed, joint ventures are an appealing way to start a business because they enable two or more parties to create a...
Want to get paid? Have a contract in place! THERE ARE PLENTY of risks to operating your own business, but the largest ongoing one is making certain that your customers pay you, and do so on time. This is known as debt or credit management. Each state has their own set...
Friendship risked if you don’t communicate partnership agreement risks With the exception of starting a business as a sole trader, business partnerships are the next most common type of business structure. They’re also one of the riskiest business structures and...
When you’re starting a new business, it’s important that you have a good grasp of the law to ensure you don’t find yourself in hot water later on down the track. We cover general and intellectual property law in our Small Business Management course, and we’ve also...
In the module of our Small Business Management and Start-Up course that covers establishing legal risk and management, we talk about choosing the right business structure for your business. Depending on your circumstances – and your business idea, of course – you may...
In our last post we talked about the various different kinds of legal agreements you may come across when you’re in business. It’s important that every business owner properly understands the legal contracts they’re entering into, which is why we cover general law in...
The legal aspect of any business, big or small, can be fairly daunting, but we cover this in our Small Business Management course. One part of the legal system of operating a business every business owner should be familiar with is contract law, or legal agreements....
In the Establish Legal and Risk Management module of our Small Business Management course you’ll how to choose the right business structure, how to set up a Pty Ltd business and, among others things, how to obtain an ABN. We’ve written previously about the different...
Trust Structures In our four-part series on the four most common business structures used in Australia we’ve covered sole traders, partnerships and companies, and now in our final post for the series, we cover trusts. In our Small Business Management...
We’ve previously discussed sole traders and partnerships in our four part series on the most commonly used business structures in Australia — 1) sole trader, 2) partnerships, companies and 3) trusts— to help you decide what business structure is right for you....
