Starting up a business from scratch is no easy feat, especially if you decide to do it on your own. One of the key benefits to running a business as a sole trader is that you are taxed as an individual. …
Category: Corporate Law
Business solicitors and start-up businesses
Starting up a brand new business venture from scratch can sound a little daunting due to the amount of time, energy and stress that it takes to get it started. Even if a business owner has the money and resources ready …
An easy explanation of a deed of accession
Most companies have multiple shareholders, and the number of shareholders often expands as the company grows. To make life easier, companies usually require new shareholders to sign a deed of accession, also known as a ‘deed of adherence’, to legally bind …
Supply contract
Running a service or product based business at times can be stressful, especially if you constantly need the supply of goods in order for your business to operate. Having a fixed supplier that constantly delivers these goods saves a large amount …
Why do I need a deed of indemnity?
As the director of a company, it is important that you minimise the risks you are exposed to. A great way to protect yourself if anything goes wrong is a deed of indemnity. This Legal Kitz article will inform you of …
Do I need an ABN to sell on Etsy?
Whether you’re passionate about your own crafts and have the right will to share them to others, or if you want an extra stream of income on the side, selling on Etsy would probably spark interest upon you: but you may …
Starting your own Etsy store in Australia
Have you ever thought about setting up your own Etsy store? If you make homemade goods, craft supplies or jewellery, marketing them to a wide range of people can be difficult. If you have considered starting a new business venture but …
How to change from being a sole trader to a company
Being a sole trader makes the most sense when initially tackling the wide world of business, however, what happens when you decide being a sole trader no longer serves the purpose you originally set it out to be? Usually, the answer …
Is cash in hand illegal?
Cash in hand refers to paying your employee directly with cash, as opposed to via both parties banking institutions. Although it may be considered a dodgy practice, paying your employees cash in hand is not actually illegal. This blog post will …
What is Family Discretionary Trust?
A family discretionary trust is set up to allow a person or a group to choose who can benefit from the trust and the amount the beneficiaries will receive. The amount of money that beneficiaries receive in a discretionary trust is …