Briefly Legal by Frank Legal

Business and Corporate: Two ways to buy a business

Posted by Andrew Graham on Sep 27, 2016 9:57:27 PM

Buying an existing business can help you avoid the hard work and intense stress needed to establish one. There are two ways to buy a business: 

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Topics: Business Basics, Business and Corporate

Business and Corporate: You have legal obligations as an officer of your company

Posted by Andrew Graham on Sep 22, 2016 6:16:55 PM

Company officers are the directors and secretaries of the company. As an officer of the company, you have a number of obligations imposed under the Corporations Act. We have listed a few below.

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Topics: Business and Corporate, Legal Obligations

Litigation: What exactly is ‘maintenance, education and advancement in life’ in a Family Provision Claim?

Posted by Robert Webb on Sep 22, 2016 4:26:51 PM

When the Court makes an order in a family provision claim it does so by considering the ‘maintenance, education or advancement in life’ of the applicant bringing the claim. These terms have been found to mean:

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Topics: Estate Disputes, Litigation

Litigation: Legal Costs for a Family Provision Claim

Posted by Robert Webb on Sep 22, 2016 4:20:19 PM

Generally legal costs lie within the discretion of the Court. This means that when the Court delivers Judgment, it can stipulate who has to pay what in accordance with established principles.

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Topics: Estate Disputes, Litigation

Family Law: Gifts vs Loans

Posted by James Frank on Sep 22, 2016 9:10:57 AM

It is quite common in a relationship for the people around the two parties (family, friends, business partners etc.) to contribute financially to the either the individual parties or to the relationship as a whole.

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Topics: Family Law Property Settlement, Family Law, Family Law and Finance

Business and Corporate: Useful tips on starting a company

Posted by Andrew Graham on Sep 22, 2016 9:08:25 AM

A company structure can be a great way to own assets, including your business. 

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Topics: Business Basics, Business and Corporate

Business and Corporate: I never signed that! – The ability to ‘bind’ a partner

Posted by Andrew Graham on Sep 20, 2016 4:03:23 PM

The ability of a partner to ‘bind’ the other partner(s) is extremely important if you are currently in, or are thinking about entering into a partnership agreement.  This means you will be taken to have entered into contracts or legal agreements that your partner enters into. Even if you didn’t know about them! Your assets could be at the mercy of the other partner’s liability.

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Topics: Business Basics, Business and Corporate

Business and Corporate: Things you must consider before entering into a Franchise Agreement

Posted by Andrew Graham on Sep 20, 2016 9:51:00 AM

Franchising is a particular relationship in which the franchisor (the owner of the business providing the product or service) allows others (franchisees) the right to use the franchisor’s names, systems and processes to sell goods or services.   

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Topics: Business Basics, Business and Corporate

Business and Corporate: A company structure offers legal protection & tax minimisation

Posted by Andrew Graham on Sep 20, 2016 8:42:05 AM

A company is a common form of business structure. Under law it is considered a separate legal entity, entitled to sue and be sued, enter into contracts and own property. This offers a level of legal protection not available to other business structures.

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Topics: Business Basics, Business and Corporate

Family Law: Family Law and Cheating Tax – It’s a No Go

Posted by James Frank on Sep 19, 2016 1:44:45 PM

In Family Law, the Court has the power to order the transfer of property between separated parties by way of consent orders. In such circumstances, the parties may be exempted from the stamp duty which is normally required upon the transfer of property. This also applies to binding financial agreements (Read more in our article “Signed, Sealed, Delivered and Stamp Duty”).

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Topics: Family Law, Family Law and Finance

The Briefly Legal Blog

By Frank Legal

The Briefly Legal Blog is a place where we publish information, articles and posts that we think are of interest and helpful to our clients, referrers and our community. 

We believe that education empowers and The Briefly Legal Blog's aim is just that, to provide relevant, considered and timely information so that our readers can be educated and thus empowered. 

If you have any questions then please give us a call on 02 9688 6023, email us at info@franklegal.com.au or leave us a comment! 

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