“If you liked me as a vendor, you’ll love me as a competitor!” The importance of non-compete obligations in a sale of business contract

A standard inclusion in many sale of business contracts (or share sale agreements) is the promise of the vendor not to compete with the business post sale. Whilst, generally speaking, non-compete or restraint of trade obligations in employment contracts can be notoriously difficult to enforce, in the context of a sale of business there is [...]

2022-07-18T06:33:28+00:00July 18th, 2022|Business Advice|Comments Off on “If you liked me as a vendor, you’ll love me as a competitor!” The importance of non-compete obligations in a sale of business contract

A matter of trust: Is your business trading through an outdated family trust?

As business owners prepare for the new financial year, this time often heralds reflection on (and assessment of) current business structures. It is also a time where we, as lawyers, are called upon to advise clients in respect of out-dated family trust structures which their business has either outgrown or which require amendment due to [...]

2022-06-16T03:52:06+00:00June 16th, 2022|Business Advice, Tax|Comments Off on A matter of trust: Is your business trading through an outdated family trust?

ATO Recommencing Directors Penalty Notices – Company Directors TAKE NOTE!

During the COVID-19 pandemic, the ATO offered administrative relief to businesses who were experiencing financial difficulty. However, Directors were not absolved from their personal liability under the director penalty regime. Now that lockdowns have ended and we are resuming something that resembles a ‘normal life’, the ATO has recommenced its quest to recoup unpaid taxes, [...]

2022-04-20T05:52:13+00:00April 20th, 2022|Business Advice, Corporate Advisory, Tax|Comments Off on ATO Recommencing Directors Penalty Notices – Company Directors TAKE NOTE!

Everything you need to know about PPSR

The PPSR is a national register of claims to security interests in personal property.  It is vital to know your rights and obligations in relation to PPSR registrations to ensure your interests are registered against personal property you hold interests in, as well as being aware when others can (and can’t) register their interests in [...]

2022-03-29T22:02:56+00:00March 28th, 2022|Business Advice, Corporate Advisory|Comments Off on Everything you need to know about PPSR
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