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 …
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 …
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 …
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 …
Many times we are asked by our clients, what is the point of having Terms & Conditions for their business? Is it really necessary? To put it simply, this is where you can put all the fine details about provision of your goods or services, create a legally binding document in the case of a …
Read more →7 reasons why Terms and Conditions are important to your business
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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Scott Legal is a well trusted legal company based in Hoppers Crossing, Victoria. Scott Legal was set up with the desire to bring great legal advice to people who understand the need for professional legal knowledge.
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