Buying a Business

Business Structure

Owning a business can be exciting, but the process of purchasing a business can be daunting, especially for first-timers. It is very important for a purchaser of a business to understand what they are buying before committing to the purchase. Before you purchase the business, you (often with the help of professionals) will perform due …

Read more →

Employee or Contractor?

Businesses which engage contractors should be aware of unwittingly getting caught by the Australian Taxation Office (ATO). If an independent contracting arrangement is found to be an employment relationship under the ATO’s rules, the business will be liable to pay superannuation and PAYG withholding tax to the ATO (note that there are other instances where …

Read more →

Section 32 Vendor Statement

A Section 32 Vendor Statement (Vendor Statement) is a legal document containing information about a property which the Sale of Land Act 1962 (Act) requires a vendor to disclose to an intended purchaser before signing a Contract of Sale. The disclosures include financial matters (such as rates and other outgoings), insurance, encumbrances, notices, building permits …

Read more →

Director Identification Number

From 1 November 2021, all directors of a company registered in Australia must apply and obtain a Director Identification Number (DIN). DIN is a unique 15-digit identifier issued to a director. Each director will only need to apply for the DIN once, even if they change their name. The DIN will be used by the …

Read more →

COVID-19 – Leasing – February Update

We refer to our previous articles regarding rent relief. The Commercial Tenancy Relief Scheme Regulations 2022 (the “New Regulations”) were passed on 1 February 2022 (which are backdated to be effective from 16 January 2022). In summary, the New Regulations are largely similar to the previous regulations. The main changes brought about by the New …

Read more →

Conveyancing Services

If you are walking into a property transaction, be it selling big or buying small, it is extremely important that your transaction is completed timely and smoothly. No matter the size of the transaction, you should always ensure that it is carefully assessed before you pick up the pen and sign the contract. At Scott …

Read more →

Succession planning for your business

Succession planning

Transitioning a business from one generation to the next is one of the more difficult things confronting a family business. There are not only the financial, legal and practical matters to consider but also the emotional issues that make the discussions much more difficult. The 3 elements to successful transition are: Transitioning the management of …

Read more →

COVID-19 – Employment law

Chef holding white tea cup

There has been a lot of information to take in lately with all the news, restrictions and incentives. It’s fair to say that there has been panic, confusion and misinformation. It has been hard to keep up with all the announcements! This has been another challenge for affected businesses. Legislation has now been passed by …

Read more →

Valuing a Business

Valuing a Business

Knowing how much to sell your business for or how much to pay to purchase a business is tricky. What’s it worth? Simply put, a business is worth what you can sell it for, or what somebody is willing to pay for it. Ultimately, the market will dictate the price. Factors include: Location Nature of …

Read more →

Why structuring your business determines success

Business Structure

Setting up your business structure can have an impact on your business’s success. With the best structure in place early you can save a lot of money, hassle and stress. Get Some Help The best thing you can do to structure your business right in the first place is get a suitable professional involved. Consulting …

Read more →

Make an enquiry

Send us a message and we’ll contact you to discuss your options.