Who Is Liable – You, or Your Company?

For years, company directors were shielded under the blanket of limited liability for a company’s debts. While in principle, directors are protected by this blanket, in practice however company directors usually fall into a handful of liability traps.   Personal guarantee It is quite rare for a company to enter into an agreement or debtContinue reading “Who Is Liable – You, or Your Company?”

Introduction to Family Trusts: Part 1

A trust is a mechanism that is widely used for investment, business planning and the management of the financial affairs of families. A trust can also be effective in structuring family assets or businesses for protection against liability as well as to share income for tax benefits. ⠀ What must a trust contain?There are severalContinue reading “Introduction to Family Trusts: Part 1”

Franchising changes in 2021 – What you need to know

2020 has been a year in which we have seen the introduction of several new legislation together with amendments to existing ones. Towards the end of 2020, the Australian Government released an exposure draft where it proposes changes to the Franchising Code of Conduct. This comes in wake of the Fairness in Franchising Report andContinue reading “Franchising changes in 2021 – What you need to know”