Sale of Business Basics: Asset or Share Sale?

Often the first fundamental question a lawyer will ask when requested to prepare documentation for a sale of a business is: Are you conducting an Asset or a Share sale? Whilst for the most part this is a fairly straightforward consideration, oftentimes buyers and sellers will not fully understand the fundamental advantages and disadvantages of [...]

2025-03-24T01:55:23+00:00March 24th, 2025|Business Advice, Corporate Advisory, Sale of Business|Comments Off on Sale of Business Basics: Asset or Share Sale?

‘I’m baaaack’ – the ATO recommences debt recovery action with a vengeance!

In April this year, we published an article regarding the ATO recommencing the issuing of Director Penalty Notices (view article here). During the pandemic, the ATO had offered administrative relief to businesses who were experiencing financial difficulty. However, that relief was always going to come to an end… As at 30 June 2021, the tax [...]

2022-06-27T02:05:39+00:00June 27th, 2022|Corporate Advisory, Tax|Comments Off on ‘I’m baaaack’ – the ATO recommences debt recovery action with a vengeance!

Shareholders Agreements with new business partners: What are the key items to include?

A common mode of entering into a new business with co-investors/partners is through the establishment of a new proprietary limited company in which each party holds shares equivalent to their proportional ownership. But what rules govern the interaction between the new business partners and what rights do they have in the operation of the company [...]

2022-06-27T01:37:43+00:00June 27th, 2022|Business Partnerships, Contracts, Corporate Advisory|Comments Off on Shareholders Agreements with new business partners: What are the key items to include?

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!
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