Resources
Exit Strategies
It is inevitable that if you are running a business then one day you will leave it. Whether you exit by selling up, retiring or otherwise, it is important that you plan for that day in advance so as to maximise your return on that investment. A good succession plan...
Workplace Basics: Workplace investigation checklist
Six essential stages of a workplace investigation Although the subject matter of a workplace investigation can often differ, the key stages of a reliable workplace investigation are usually the same. To help employers we have set these out below. Understand and...
What makes a good franchise business?
Australia’s enthusiasm for franchises continues to grow making a franchised business strategy one which is attractive to many businesses looking expand through this form of investment. It is a proven global model, which when set up correctly, can generate good profits...
Commercial Basics: Partnerships
Business partnerships are common business structures in Australia. Partnerships are where 2 or more individuals, corporate or other entities, agree to carry on business together with a view to profit. To be successful, all of the partners in the partnership must have...
Workplace Basics: Superannuation
The Australian Taxation Office (ATO) defines superannuation as “A system where money is placed in a fund to provide for a person’s retirement.” All employers are required to make regular payments into a superannuation fund chosen by the employee. The employer must...
Preparing to sell your business
Packaging your business for sale can be a daunting task. To assist potential sellers, we have prepared a checklist which will hopefully assist. By considering the issues below a business owner should be able to present their business at its full potential and...
Commercial Basics: Intellectual Property Cribsheet
Copyright Copyright covers textual material (literary works), films, sound recordings, broadcasts, computer programs, compilations, artistic, dramatic and musical works. Term – the life of its creator + 70 years. Patents Inventions - devices, methods, processes To...
Workplace Basics: Performance Management Checklist
8 key steps to managing poor performance in the workplace: Set out clearly at the commencement of the employment the performance standards expected – it is important that employees are aware of what is expected of them; Identify examples of under performance with...
Commercial Basics: Confidentiality Agreements
An important element in a business sale is the preparation of appropriate confidentiality agreement. Confidentiality agreements are sometimes referred to as non-disclosure agreements. Often the seller is selling the business to a purchaser who either operates in the...
How to minimise the risk of litigation
Contrary to some public perception, good law firms do not want to see their clients faced with costly litigation! Litigation should be a last resort in a business dispute and businesses should do all they can to minimise the risk of matters escalating to the extent...