Incorporation protects board members from most instances of personal liability by creating a separate legal entity. The company instead of the individual can enter contracts, hold assets and can sue or be sued.
Basic principles of the entity and its operations are...
Part 2 of Debt Recovery Series
Checking What Assets and Income the Debtor has before you enforce your judgement
SUMMONS FOR ORAL EXAMINATION (SOE)
The SOE is best utilized if you have no information about the debtor’s financial position.
If you obtained a judgement debt, on your...
Part 1 of Debt Recovery Series by Maria Rigoli and Damian Ballan
THE LETTER OF DEMAND (LOD)
A LOD is sent to a person or organisation who owes you money (the debtor) following your supply to them of goods and services. The LOD advises the...
The New Personal Properties Securities Act 2009 (PPSA) explained
How can you check ownership of goods for business sale?
What is PPSA?
The PPSA is legislation which changes the way security interests in personal property are dealt with across Australia.
The PPSA rewrites the law on traditional securities...
Starting or Buying a New Business- Which Structure?
WHAT IS THE BEST LEGAL STRUCTURE FOR A START UP BUSINESS?
The importance of getting your structure right when buying or starting up a small business cannot be underestimated. For example, there are capital gains tax concessions which are...