Victoria has introduced a new tax system for commercial and industrial properties that could potentially impact your new business. Starting from 1 July 2024, the traditional stamp duty on these properties is being replaced by an annual Commercial and Industrial Property Tax (CIPT). Here’s a simple breakdown of what this could mean if you own [...]
Small businesses are the backbone of our economy, creating local jobs and driving innovation. However, small business owners may feel challenged at times by some of the legal aspects of running a business. Engaging the services of a knowledgeable business lawyer can provide essential support and peace of mind in various aspects of business operations. [...]
As an experienced and trusted Geelong-based law firm specialising in Dispute Resolution and Litigation, we understand the complexities that come with resolving legal conflicts. While mediation is often praised for its potential to amicably settle disputes, there are instances where it simply does not suffice, leading parties down the path of litigation. The Value of [...]
Stepping up to something new? Stepping down towards retirement? Stepping out and taking time before starting your next chapter? Whatever the reason for selling your business, you want to get the sale itself right. Selling a business or company – whether a small business or a large franchise – can be a complex and potentially [...]
Thorn in the side. Spanner in the works. Fly in the ointment. No matter your idiom – a business dispute is always a nuisance and a distraction – not optimal for successful commerce. Navigating these disputes – from contractual disagreements to partnership conflicts – requires a strategic and pragmatic approach. In this blog, we will [...]
Whether you are a start-up founder or a seasoned entrepreneur, one of the most important legal documents you need especially when governing a business is a shareholder’s agreement. This legally binding contract is the guide for each party when it comes to their rights, responsibilities, and obligations as a shareholder, ensuring that everyone is on [...]
A good business lawyer can play a pivotal role in your business. Beyond tackling legal issues, a business lawyer can play a pivotal role in establishing your business structure, crafting contracts or terms & conditions, navigating commercial leases, and even facilitating a business sale. If you are wondering when you should engage the services of [...]
When it comes to sorting out a plan with an Estate lawyer in Geelong, most people often overlook including a business succession plan. People often believe that their business will automatically pass on to their family or executors of the estate in the event of their death or loss of agency. However, transferring a business's [...]
Will Punivalu, Principal at WJM shares his insights Many business owners find the prospect of selling their business daunting and unnecessarily stressful. As an experienced business lawyer who has dealt with selling businesses across Victoria, I’ve highlighted three important things to consider which will assist in simplifying the process. Preparation in selling your business [...]
