Basics of a power of attorney
What is a power of attorney? A power of attorney is a legal document that nominates and gives authority to another person to make personal/financial decisions on your behalf. Personal decisions such as your health care and welfare can be made by your Power of Attorney, as well as financial decisions such as the paying […]
Dying without a will (Victoria)
What happens if I die without a will in Victoria? If a person dies in Victoria without a valid will, they are said to have died intestate. This can cause a range of issues as you have no control over who benefits from your estate, no control over who administers your estate and disputes can […]
Dying without a will (QLD)
What happens if I die without a will in Queensland? In Queensland, if you pass away without a will in place, you are considered to have died intestate. Therefore, the next of kin (usually a spouse or de facto partner) is given the role of administering the deceased’s estate. This cannot occur until after the […]
Dying without a will (NSW)
What happens if I die without a will in New South Wales? If you die in New South Wales without a will, you are considered to have died intestate. Usually, a grant of Letters of Administration will then be applied for, and your estate will be passed on to eligible relatives as per the Succession […]
Basics of shareholder agreements
You are not legally required to have a shareholder’s agreement, but the chances of you encountering problems and disputes are very high if you don’t have one in place. Why do I need a shareholders agreement? A shareholder’s agreement is a binding contract that is negotiated by the shareholders of a company which controls their […]
Behind in superannuation payment
A good sign of problems in the business are that you are behind in your superannuation for staff, and it is one area that things can escalate quickly. Industry funds Where you have staff that are members of an industry fund, if payments are made late, the fund can commence recovery proceedings, either through court […]
Dealing with social media
Small business can often live and die by social media and the influence of customers and staff, what messaging is necessary though and how can you deal with the negative aspects of this. Failing to address social media concerns can be damaging to the business but equally fueling a problem by over engagement or justification […]
Succession planning for business
For many business owners, the objective is to pass a profitable and successful business through to the next generation, but this is not something that simply happens and the planning you undertake for a business sale should be similar to transferring a business within the family group. If you are a business owner, you may […]
Communicating with staff during a restructure
Staff are the most important part of your business and communicating with them during the period of a restructure can make or break the business. If there are going to be redundancies or terminations this should be something that is communicated early to allow staff to look for alternative options.
Rural motels and the decline of asset values
We have focused on late on the accommodation marketing in country towns and what is appearing to be a rapid decline in the value of these assets. Some of the core indicators that things are going bad are: Number of premises for sale Room rates are not increasing Failure or disappearing large chains Quality of […]
