The Strategic Blueprint – Alex and Jordan’s Path to Choosing the Right Business Structure – Part 2

Factors in Deciding on a Business Structure Guided by their unique venture’s needs and ambitions, several key factors steer Alex and Jordan’s decision on an entity: Liability Protection With construction renowned as a high-risk industry rife with lawsuits and insurance claims, Alex and Jordan make liability protection a priority. As seasoned industry veterans they’ve witnessed continue reading

The Strategic Blueprint – Alex and Jordan’s Path to Choosing the Right Business Structure – Part 1

Introduction In the vibrant commercial landscape of Southeast Queensland, Alex, a seasoned construction expert in his late 50s, and Jordan, a tech-savvy innovator in her mid-30s, embark on an exhilarating venture. Their dream of revolutionizing the construction tech industry is compelling, but they face a daunting task: choosing the right legal structure for their business. continue reading

Building Innovations: A Legal Journey in Construction Tech

Welcome to our series that chronicles the entrepreneurial venture of Alex and Jordan, two seasoned professionals who are venturing into the burgeoning field of construction technology in Southeast Queensland. This series isn’t just a narrative about business growth; it’s a deep dive into the legal intricacies and challenges faced when pioneering in a tech-driven industry. continue reading

The Impact of Unfair Contract Legislation on the Certainty of Commerce

The Australian Government’s legislative reforms on Unfair Contract Terms (UCTs) are a significant development in the business landscape. This article explores the key changes, their implications, and the necessary precautions that businesses must take to ensure compliance. Unfair Contract Terms (UCT) Law: An Overview Australia’s UCT regime, embedded within the Australian Consumer Law (ACL) and continue reading

Balancing Consumer Protection with Freedom of Contract

Freedom of Contract is a fundamental concept that permits parties to negotiate their agreements freely. However, this freedom must be balanced with the necessity to protect consumers and small businesses from unfair practices. This article discusses the challenges faced in achieving this balance and proposes recommendations for improvement. What is Freedom of Contract? Freedom of continue reading

Valuing Minority Interests in Small Enterprises

Navigating the Nuances for a Comprehensive Enterprise Valuation In the dynamic world of small business, the concept of minority interests often remains shrouded in complexity. Despite holding less than a controlling stake, these interests are pivotal in understanding what a business is truly worth. Understanding Minority Interests At its core, a minority interest in a continue reading

When Builders Go Bust

The building and construction industry is facing increasing costs, and shortages of materials and trade supplies, leaving many building companies struggling to sustain their operations. Homeowners are often left in a disadvantaged position as a result. When builders go bust, it is important that homeowners take appropriate steps to ensure completion of the construction of continue reading

A Fugazi – ASIC’s Views on Cryptocurrency Investment

The Australian Securities and Investments Commission (ASIC) has taken the position that cryptocurrency investments are high-risk and speculative, and has warned consumers about the potential risks associated with investing in cryptocurrencies. ASIC has emphasized that cryptocurrencies are not legal tender and are not regulated in the same way as traditional currencies. This means that there continue reading

The Increasing Cost of Data Breaches

The new Commonwealth Bill seeking to force companies to put consumers’ interests first. In the aftermath of recent major data breaches causing unprecedented amounts of private information being stolen, the Commonwealth Government has tabled The Privacy Legislation Amendment (Enforcement and Other Measures) Bill 2022 (the Bill) to force companies to better protect their clients’ / continue reading

Company Directors, Please Take a Number

If you are a director of a company, you need to obtain your unique Director Identification Number by 30 November 2022. New laws came into effect on 1 November 2021, through reforms to Part 9.1A of the Corporations Act 2001 (Cth) (the Act), which make it mandatory for company directors to apply for individual identification continue reading

Show Me the Documents!

A Director’s Access to Company Books During Personal Litigation Being appointed as a director of a company is not something you choose to do lightly. Accepting a role as a director brings with it many statutory and fiduciary obligations which, if not complied with, can see the director personally liable for their actions and potentially continue reading

Pay Me Everything – Contractual Indemnities and Indemnity Costs

The recoverability of costs is a significant factor in legal proceedings. Most commercial agreements contain clauses seeking to indemnify an innocent party absolutely against any legal costs that might be incurred because of another party’s breach. Unfortunately, clauses of this type are regularly recycled from existing precedents, without any regard to the relevant authorities and continue reading

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