Personal liability for company directors

A company is an association incorporated under the Corporations Act 2001 (Cth) (the ‘Act’). The effect of incorporation gives the company a separate entity, distinct from its directors and shareholders. It can enter into contracts, sue and be sued in its own right....

Retail Leasing disclosure obligations

When leasing commercial property, it is important for tenants and landlords to understand the relationship they are entering and the rights and obligations they have.In New South Wales, retail leases are regulated by the Retail Leases Act 1994 (NSW) (the ‘Act’). A...

Debt collection basics for business

If you are owed money for goods or services, the first step in attempting to recover it is generally to send a letter of demand to the other party setting out the amount of money outstanding, and giving them a defined time within which to settle the matter by paying...

Why you should have your domestic building contract reviewed

Whether you are renovating an existing home or building from scratch, most domestic building contracts involve considerable sums of money. In fact, entering a building contract may be one of the most significant financial transactions you undertake.Despite the...

Business Structures: Partnerships – the pros and cons

When commencing a business venture, it is necessary to consider the most appropriate type of business structure to put in place. In Australia, there are 4 common business structures – sole trader, partnership, trust and company. Different business structures have...

Accessing digital assets – estate planning essentials

The recent death (or purported death) of Gerald Cotton, former Chief Executive Officer of Canadian cryptocurrency exchange company, Quadriga CX, emphasises the importance of planning your electronic after-life.Mr Cotton’s death in India at the age of 30, has not only...