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 …

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COVID-19 – Employment law

Chef holding white tea cup

Current as at 18 April 2020 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. …

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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 …

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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 …

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Protecting your brand – Trademarks

Trademark your brand

Your business’s brand is integral to the goodwill in your business – possibly the most valuable asset of your business. To protect your brand (or to make sure you are not unintentionally using somebody’s else already established brand), whether you are just starting your business or you have been in business for a while, you …

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Why shareholders need a formal agreement

Shareholders Agreement

Whilst it is now a legal requirement to have a formal agreement between shareholders or partners, but it is a smart decision to set one up. As a company or partnership if you have more than one shareholder/partner you should definitely have an agreement in place. What your shareholders will love What any smart investor …

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Purchasing a business

Purchasing a Business

When you purchase a business, you generally purchase the business name, goodwill (including customer base), intellectual property, equipment of the business, contracts relating to the business (such as any leases), as well as the debts of the business. There are certain legal requirements of vendors when selling a business, such as the requirement to receive …

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