In Australia, there are many different ways you may structure your business ownership. We discuss below some of the considerations when structuring your business ownership for asset protection. Common Structures in Australia Common structures for business ownership in Australia include: Sole Trader Partnership of Individuals Company Discretionary Trust Unit Trust Superannuation Fund Some of the […]
Your business trading terms and conditions set out the agreed terms between you and your customers or clients. You know that they are important, and something that you should have drafted (or at least reviewed) by a Lawyer, but you often put it on your list of things to do one day when you have […]
Our Lawyers Boorman Lawyers is operated by two Gold Coast Lawyers, Joshua Boorman and Tegan Boorman. Both studied for their law degree on the Gold Coast and spent the first 4 years of their career working for Gold Coast based law firms. In 2011, they relocated to Sydney to gain valuable experience on a larger […]
Sponsorships can take many forms. One of the common types of sponsorship is providing products, services or money to the sponsored party in exchange for exposure of the sponsor’s business. In order to avoid disputes, such arrangements should be documented in a legally enforceable sponsorship agreement. You should negotiate and agree the terms of your […]
Choosing a Lawyer can be a difficult task, especially if you’ve never had to do it before. If you have engaged a lawyer in the past, it may not even be possible to use the same one again for any number of reasons. We’ve taken some of the hard work out of it and summarised […]
If you have chosen a company as your most suitable form of structuring, and you have more than one shareholder, you should consider negotiating the terms of, and entering into, a Shareholders Agreement. Whilst there is no legal requirement to have a Shareholders Agreement, taking the time to do so can avoid shareholder disputes and […]
Do-it-yourself (DIY) will kits are readily available and offer quick and cheap solutions to anyone who is interested in writing their own will. They can however cause uncertainty if they are not clearly drafted by the will maker, which can be costly for your loved ones during times of Estate Administration. Here are some serious reasons […]
A change in your personal relationships (such as marriage or divorce) can have a significant impact on your life. Similarly, it is important to consider how these changes can also impact on your estate planning. Changes in relationship status Shown in the table below are some of the common changes in relationships that an individual […]
You have a great idea to start a new business. You have come up with what you believe to be the perfect business name and logo, and you want to get started on printing up your marketing material. Before you do, you should consider whether you have taken adequate steps to: protect the Intellectual Property […]
Once you have taken the first steps to engage a Lawyer to assist you in creating your legal Will, there are a number of issues you will need to consider. Some of the common issues include: 1. Who will you appoint to be your executor? Sometimes called your “personal representative”, your executor is the person […]
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