Partnerships – A Guide for Small Business

A partnership is a business structure involving more than 2 people who distribute income or losses between themselves. There are three main types of partnerships – (1) general partnership (2) limited partnership (3) incorporated limited partnership. Partnerships (2) and (3) can only be formed by registering the entity, while partnership type (1) can be implied [...]

2022-11-16T03:40:32+00:00November 16th, 2022|Business Partnerships|Comments Off on Partnerships – A Guide for Small Business

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?

A matter of trust: Is your business trading through an outdated family trust?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16th, 2022|Business Advice, Tax|Comments Off on A matter of trust: Is your business trading through an outdated family trust?

Start Strong, Choose the Right Business Structure for Your Startup

Thinking of starting a business? One of the first administrative steps is to decide upon your business structure. The business structure you choose will impact upon your startup costs, how much tax you pay, your personal liability, your control over the business and ongoing administrative expenses. Start on the right foot by seeking legal advice. [...]

2021-12-01T05:15:54+00:00December 5th, 2017|Business Advice, Business Partnerships|Comments Off on Start Strong, Choose the Right Business Structure for Your Startup
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