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Business Succession and Sale – Business Lawyers SydneyPrint This Post

BUSINESS SUCCESSION AND SALE How to work towards a profitable exit The peculiarities of our laws present major challenges to owners of small to medium sized businesses (SMEs) wanting to sell them. Can profitable exits be engineered? We have helped many of our clients carry out a profitable business exit. Here are some of the … Continue reading Business Succession and Sale – Business Lawyers Sydney

The Impact of Section 62 of the PPSAPrint This Post

The Impact of Section 62 of the PPSA This section gives priority to a purchase money security interest over other security interests. But does it? Consider this real life example: On 1 January 2016, Acme, an equipment hire company enters into a contract of hire to Beta. The equipment is not inventory. Consistent with section … Continue reading The Impact of Section 62 of the PPSA

Avoid problems with s64 of the PPSAPrint This Post

Avoid problems with s64 of the PPSA Retention of title clauses (ROT clauses) are common in many contracts governing the sale of goods- whether online or otherwise. However business owners frequently misunderstand how they can be affected by the Personal Property Securities Act. Whilst they appreciate that their ROT clauses creates a “purchase money security … Continue reading Avoid problems with s64 of the PPSA

How to avoid having to make an application to extend registration time under the PPSAPrint This Post

How to avoid having to make an application to extend registration time under the PPSA Re Carpenter International Pty Ltd [2016] VSC 118 case deals with the s588 Corporations Act timing rules and s267 of the PPSA. In this case, Carpenter bought live cattle from farmers through an agent, and exported them overseas. Administrators were … Continue reading How to avoid having to make an application to extend registration time under the PPSA

Employee Surveillance: what can you do?Print This Post

Employee Surveillance: what can you do? In New South Wales, workplace surveillance is regulated by the Workplace Surveillance Act 2005 (NSW) as well as the Surveillance Devices Act 2007 (NSW). These acts govern the monitoring of employees in relation to cameras, GPS tracking, listening devices and computers. Monitoring employees can be very useful in helping … Continue reading Employee Surveillance: what can you do?

GST and the sale of a going concern – Business LawyersPrint This Post

GST and the sale of a going concern In the course of giving business advice we come across many different situations. Leigh Adams Business Lawyers is well aware of the importance of taking GST into account. John, a businessman, has had 3 bad experiences with GST. Here is how we solved his problems and saved … Continue reading GST and the sale of a going concern – Business Lawyers

How to get the best tax outcomes on the sale of a businessPrint This Post

Leigh Adams Business Lawyers help energetic business owners in the sale and purchase of their businesses and in the sale of shares they own in their trading company. Taxes which are relevant to the selling and buying of a business or shares in a company include capital gains tax, income tax, stamp duty and GST. … Continue reading How to get the best tax outcomes on the sale of a business

What to do with objections to discharge from BankruptcyPrint This Post

Leigh Adams Bankruptcy Lawyers at North Sydney assist many entrepreneurs and small business proprietors in getting out of bankruptcy. If you are struggling to know how to manage an opinionated and difficult bankruptcy trustee who has just objected to your discharge from bankruptcy, then read on. Our principal Leigh Adams is an Accredited Specialist in … Continue reading What to do with objections to discharge from Bankruptcy

Small Business and Unfair Contract TermsPrint This Post

Unfair Terms in your Hire Agreement Every business is different and every hire agreement is different.  What’s the problem? What businesses really have to be very wary about from 12 November 2016, is that businesses using unfair terms in their hiring contracts could be exposed to liability under the Treasury Legislation Amendment (Small Business and … Continue reading Small Business and Unfair Contract Terms

How to use the Personal Property Securities Act when leasing equipmentPrint This Post

How to use the Personal Property Securities Act when leasing equipment This story is an example of how you can lose your business without even trying. It’s the “unknown unknowns” that often trip up even the most diligent of small business proprietors. Leigh Adams Business Lawyers recently helped one of their clients on the brink of … Continue reading How to use the Personal Property Securities Act when leasing equipment