Choosing a business structure is essential when you start a business. Your business structure will affect your legal obligations, taxes and liabilities, as well as how you operate, so it is crucial to choose the right one for your business. Understanding Victoria’s four types of business structures and their advantages and disadvantages is key [...]
A shareholders’ agreement governs the relationship between the owners or shareholders of the company. The agreement deals with the funding, management, structure and direction of the company. In it, the shareholders agree on how they will deal with any issues or disputes which may arise during the life of the company. For this reason, it [...]
Often when client’s first approach us about their Will they are overwhelmed with the decisions they have to make. From simple affairs to complex estates, WJM’s Wills and Estates team turns jargon-laden legalese into everyday language for our clients providing practical yet compassionate legal counsel to help you make decisions about how to distribute your [...]
Burning the midnight oil (or listening to them) while reading legal documents is not for everyone. We thought we would impart some common legal tips that we believe should be adhered to. Never sign anything without getting a copy Or not have a lawyer review the contract, for that matter! Before signing any contract, [...]
Insolvency is a state of financial distress in which a business is unable to pay its debts to creditors when they are due. Signs your company may be in financial distress: Overdue tax debts Poor cashflow Ongoing losses (unable to pay day-to-day costs or debts) Issues obtaining finance Unpaid creditors Liabilities are greater than [...]
