One of the most powerful tools a business has in recovering a debt is a Statutory Demand. This debt collection tools allows creditors to issue a Statutory Demand to a company that owes them money immediately after a debt greater than $2,000.00 becomes due, as long as the debt is not disputed.
6 Benefits of a Business Lawyer When Setting Up a Business:
Entrepreneurs have a range of considerations when endeavoring to get their business up and running, from devising a viable business plan to securing work space to settling on a company name. Not the least of their concerns is the complicated legal process involved with setting up a business, which can be an intimidating pursuit for leaders of budding companies.
Buying a Franchise - When is a Franchise Disclosure Document ‘Current’?
When deciding to purchase a Franchise the Franchisor is required to provide to the potential Franchisee a disclosure document, that among many other things details the current financial position of the franchisor. Under the Franchising Code of Conduct the franchisee is to be provided with a ‘current’ disclosure document, however the term ‘current’ is not defined in the Code. Generally a franchisor will update their Disclosure Document at the end of each financial year.
Does My Small Business Need A Lawyer?
What is a Joint Venture Agreement?
Company Law Advice - Corporate Governance & Compliance:
Small Business Tips – Terms of Trade and Protecting Your Business:
It is vital that you review your terms of trade regularly and ensure that the terms and conditions are sufficient to protect the rights of your business. Terms of trade are the lifeline of your business and govern your interaction with your customers, ensuring you get paid for your good or services.
Starting a Business: Entering into a Commercial Lease:
When starting a new business, or expanding your current business, one of the first things you will do is seek out an office or retail space to set up shop in. This will usually entail entering into a commercial lease for the premises. However there are a lot of considerations to be made before signing on that dotted line.
Small Business Tips – Unfair Terms in Standard Form Contracts:
In the Aftermath of the Carbon Tax - Passing on Price Savings:
The carbon tax in Australia is no more with the Federal Government passing the Clean Energy Legislation (Carbon Tax Repeal) Bill 2014. While the central purpose of this legislation was to remove the tax, it also introduced new powers to the Australian Competition and Consumer Commission (“ACCC”), which many business owners are not aware of.