Buying a Business vs a Company
A number of my clients who come to me wanting to sell their company do not realise that there is a big difference between selling their company and selling their business. Did you know that there’s...
Plan your exit strategy early
By now you would have heard that Woolworths is planning to axe struggling retailer Masters. Woolworths ended up repudiating its lease and payment agreements in regards to a Bendigo development s...
Save time this year on legal matters…
It’s already halfway through January and before we know it, we will be into February as the days and months escape our calendars. I thought a great start to the year would be to set out four key lega...
How to delegate decision making within your business
I often have clients asking me how they can streamline their legal and contracting processes. For smaller business owners, I know that it can be incredibly difficult to relinquish the temptation and c...
QuickTip: Selling Your Business – review your supplier contracts
08. Review your client and supplier contracts: ensure that you don't miss any non-assignment or consent clauses. For more details, see our full blog post on Sale of Business. Keep up to date with al...
QuickTip: Selling Your Business – Read your lease agreement!
07. Ensure that you read your lease agreement to make sure that you are complying with the process for assignment. It may require you to get your landlord's consent. For more details,...
QuickTip: Selling Your Business – Consider Employee Entitlements
06. When selling your business: consider employee entitlements before setting your purchase price (or risk being out of pocket!) For more details, see our full blog post on Sale of Business. Ke...
3 Costly Mistakes when Selling Your Business
So, you are ready to take the huge step of selling your business - but did you know that it isn't always as easy as simply signing off on a sale contract? Many first-time sellers overlook a few impor...
Succession Planning: Protection with a Buy Sell Agreement
Whether you own a business or a house, it’s important to protect and appropriately prepare for your succession. For businesses, a buy/sell agreement is essential for a smooth transition of ownership i...
Futureproof your business: Minimising risks
As business owners, it is no secret that our hearts and souls go into our businesses. It’s more than a full-time job to take care of every aspect of a business – we really need to wear very many hats:...