Business Structures

When considering the purchase of a business, you should involve a lawyer in the process to achieve better outcomes. While it may not be a legal requirement, having a lawyer can provide valuable guidance, protect your interests, and ensure a smooth transaction. Here are some reasons why involving a lawyer is beneficial: – Don’t hesitate […]

When you are a sole trader, the next step for expanding your business and increasing profits might be to partner with two or more people to make a profit. What are the advantages and disadvantages of being in a business partnership? What terms should you think about including in a Partnership Agreement? When you become

The latest amendments to the Corporations Act extend Crowd-Sourced Funding Rights to private companies as well as unlisted public companies. The Amending Act removes the need for a proprietary company to convert to an unlisted private public company before seeking crowd-sourced funding. This means a private company which has more than one director can keep

Suppose you’re starting a new small business, changing the ‘business structure’ (like incorporating it), raising capital (equity), or even trying to take over or defend against one. In that case, you can tax-deduct the professional (legal, accounting etc.) expenses associated with the process. These expenses cannot include asset depreciation or are deductible anywhere else in

A big challenge that innovative startups face is attracting capital investment when what they are doing is so new that it also is, by definition, a gamble. At the start, you may qualify for an NSW State Government Grant.1 But your startup business structure is essential for private investors to become involved in the longer-term