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Legal Considerations
Browse Resources for Legal Considerations
Partners are joint owners of a business. They have the same goals and are equally responsible for the decisions made on behalf of the business. Here we answer other questions asked about the partnership structure of business....More
This factsheet outlines important considerations when buying a business. Topics covered include getting expert advice, issues that lawyers can provide assistance on and questions to ask the seller of the business. For your convenience, we’ve included links to relevant business services and suppliers in our business directory who can help you get your business up and running....More
In many ways a company is similar to a sole trader or partnership, except that it exists as a separate legal entity from the owners. Here we discuss various company structures of business and their advantages and disadvantages....More
In a sole trader structure of business, the business decisions are being made by one person. Of course, it doesn't necessarily mean that the business has only one worker. The sole trader can employ others to do any or all of the work in the business. Here we discuss the advantages and disadvantages of the sole trader business structure....More
A discussion on the basic definition of the trust structure of business and its advantages and disadvantages. For your convenience, we’ve included links to relevant business services and suppliers in our business directory who can help you along the way....More
A Unit Trust is not a separate legal entity in the same way as an individual or a company, rather it is a relationship which exists whereby a Trustee is compelled to hold property for the benefit of Beneficiaries or Unitholders. Here we outline the Unit Trust structure of business with topics including the duties of Trustees, how income is distributed, Capital Gains Tax and how to wind up a Unit Trust....More
A Discretionary Trust is not a separate legal entity in the same way as an individual or a company, rather it is a relationship which exists whereby a Trustee is compelled to hold property for the benefit of Beneficiaries. Here we outline the duties of the Trustee, how income and capital is distributed and other issues to consider when entering into the Discretionary Trust structure of business....More
More information on due diligence when purchasing a business....More
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