Updated ASIC Fees
What are the New Fees? From 1st July 2023, ASIC will be updating its fees, and all those paying ASIC fees will need to comply with these new cost requirements. Most relevant are new company set-up costs, which have a range of new costs: An Australian (Pt 2A.1) company having share capital: 1 July 2022 […]
The Importance of Good Start-up Lawyers
Starting a new business is an exciting and challenging process. While entrepreneurs are focused on product development, building a team, and acquiring a customer base, there are a host of legal considerations that must be addressed. This is where having good startup lawyers comes in. Startup lawyers are essential for anyone looking to start a […]
The Importance of Having a Good Shareholders Agreement
Starting a new business can be an exciting and challenging endeavour, but it is also a journey that requires careful planning and preparation. If a corporate structure is being used, one of the most important steps in setting up the new business is having a well-drafted shareholders agreement in place. A shareholders agreement is a […]
Structuring Your Startup
Selecting the right business structure is one of the most crucial decisions to be made when starting a business. The choice of business structures can affect key aspects of your business such as tax, asset protection, setup costs, and personal liability. Although a business’ structure can be changed throughout its life, there can be complications […]
The Importance of Good Startup Lawyers
Starting a new business is an exciting and challenging process. While entrepreneurs are focused on product development, building a team, and acquiring a customer base, there are a host of legal considerations that must be addressed. This is where having good startup lawyers comes in. Startup lawyers are essential for anyone looking to start a […]
Top Ten Reasons for Registering Your Trademark
1. A registered trademark is a valuable asset for your business. The value of intellectual property such as trademarks often equals or even surpasses the value of physical assets for a company. 2. Trademark registration, brand recognition and goodwill are all factors which can work towards the purchasing power your business has. Intangible assets are […]
Should I Create a Company or a Unit Trust?
When starting a business, decisions need to be made regarding the most effective business structure. Such a decision must consider the goals, nature and circumstances of the individual business. The four most common structures are sole trader, partnership, company and trust. The last two business structures will be the focus of this article. The key […]
Is Limited Liability An ‘Ingenious Device’?
What Does ‘Limited Liability’ Mean? Limited liability (LL) presupposes that the debts of the company are separate from the debts of its investors and has been dubbed an ‘ingenious device’ by legal experts. This is because the company is a distinct legal personality, separate from its shareholders. The Ingenuity of Limited Liability The most compelling arguments for […]
Bondi Born Interview
We had the privilege of speaking to one of Australia’s trail blazers in the sustainable business space: Dale McCarthy, Founder of Bondi Born, Australia’s first luxury swimwear brand. Bondi Born is BCorp certified and Dale has built the business from the ground up, achieving incredible success both overseas and here in Australia. Upon founding Bondi […]
Director Identification Numbers
If you want to become a director or are already one, you will need a director ID. The Below Dot Points Will Outline Whether You Need to Apply for a Directors ID If you are an eligible officer of: a company, a registered Australian body or a registered foreign company under the Corporations Act 2001 (Corporations Act) […]