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 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...
WILLS AND FAMILY AGREEMENTS: WHAT CAN GO WRONG
There are a significant number of generous parents these days who purchase properties for their adult children based on family "understandings" that are never recorded, only verbal.
The agreement varies from family to family and can include arrangements anywhere...
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...