Heads of Agreement – key terms and considerations

A “Heads of Agreement” is one of those legal terms that you may come across for the first time and find yourself doing a quick Google search of. To make things more confusing, the term is sometimes used interchangeably with terms such as “Letters of Intent” or...

Buying a business? Some handy hints…

So you have found a business and you have your heart set on buying it. Congratulations, that’s great news! However, before you rush off to purchase the business you need to be aware of some important steps to consider. Step 1 – Is this business right for you? Not...

Choosing a Business Structure

There are 4 main types of business structures in Australia, each with its own advantages and disadvantages. A person can carry on business as a sole trader, partnership, trust or company. The choice of business structure is an important decision to make at the start...

Buying a Franchise – Things you should know

Buying or starting a business can be overwhelming. There is a lot to consider such as the most suitable structure for your business, the financial and taxation implications and ensuring from the start that you are placed in the best position for future growth and...

What is an Agreement to Lease?

When renting commercial property it is important for both landlords and tenants to understand the relationship they are entering into and the rights and obligations that they each have. The document that governs this relationship is usually a Commercial Lease. A...

Do-It-Yourself Business Contracts – Should You Do It?

Contracts are fundamental to the operations of a business and set out the reciprocal promises made between parties to a commercial transaction. It is virtually impossible to do business without some type of a business contract. Over time, your business needs are...