Due Diligence when Buying an Existing Business
March 19, 2024If you are thinking about a new venture, expanding an existing business or entering a new market, one option you might consider is to buy an established business. There are advantages and disadvantages when buying an existing business compared with...
[Read More...]Buying Property with Someone Else – Considerations for Property Co-owners
Buying a property with someone else is a great way to share the fun, stress, and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with...
[Read More...]Will Contests and Estate Disputes – an Overview
March 18, 2024In Australia, there are legal avenues available to individuals who wish to contest a will or challenge the distribution of an estate. Although regrettable, such disputes are often unavoidable and sometimes essential to ensure fair outcomes. Understanding these legal processes...
[Read More...]De facto relationships and Will contests
December 6, 2023All jurisdictions in Australia provide statutory rights for eligible persons to contest a Will if they can show that they have been left without adequate provision by the testator. In Queensland, an eligible person includes: a spouse of the deceased;...
[Read More...]What happens when ASIC deregisters a company?
A company may be deregistered either voluntarily, liquidated or struck off the register of companies by the Australian Securities Investments Commission (ASIC). ASIC may deregister a company if the company has ceased trading or has overdue fees and penalties. If...
[Read More...]How binding is a Binding Financial Agreement?
A financial agreement is a contract that deals with the division of a couple's assets after they separate, or in the event that they separate. They may be made before or during a marriage or de-facto relationship, or after it...
[Read More...]Why you should have a corporate trustee for your – Self-Managed Superannuation Fund
August 21, 2023A Self-Managed Superannuation Fund (SMSF) is a type of superannuation structure that allows members to control and manage their own funds. Unlike other superannuation funds, members have autonomy over the choice of investments they can make, subject to the relevant...
[Read More...]What is an encroachment?
An encroachment occurs when part of a building or fixture from one property intrudes onto adjoining land. The encroachment may simply overhang or be physically attached to the adjoining property. Examples include overhanging tree branches or awnings from a neighbour’s...
[Read More...]Income protection and TPD disputes – how the AFCA and your lawyer can help
If you are dealing with a major illness or injury and have had to stop working on a temporary or permanent basis, you may need to claim on your income protection or total and permanent disability (TPD) insurance. If dealing...
[Read More...]Business Structures: Partnerships – the pros and cons
January 12, 2023When 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...
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