Small Business Law Blog

Exciting ideas often flourish when two or more innovative minds unite to transform their vision into a real-life business. What begins as a dynamic and creative partnership can evolve into something truly remarkable as the ‘great idea’ blossoms into a successful business.  However, to ensure that a partnership remains strong and productive, it’s important to […]

Selling a business involves more than just adding up assets and liabilities. One of the most critical aspects in determining the final sale price is the ‘business goodwill’. In this guide, we will walk you through the concept of goodwill, why it matters, and how to calculate it.  You’ll also learn about methods to assess […]

Yes, as a director of a company in Australia, you are exposed to various personal risks. Under Australian law, specifically the Corporations Act 2001 (Cth) (Corporations Act), you have specific duties and obligations, including when your company is facing financial difficulties. Failing to comply with these duties can lead to a number of legal and […]

Having a well-drafted contract is a crucial part of the business sales process, specifically if your interests are compromised. To ensure a smooth and safe sale transaction, it’s important to understand the main aspects that a business sale contract should cover.  In this blog, we’ll explore the essential elements that should be included in a […]

Among the long list of to-dos that go into selling your Sydney business, coming up with a sale price is arguably the most critical step. It can be a complicated process but coming up with a sale price is often based on a simple calculation: The value of your physical (tangible) assets + the value […]

Selling a business WELL requires careful planning, meticulous execution, and a deep understanding of the market. These are all things a business broker can help you with. However, it’s not uncommon to wonder if getting a business broker is worth the hassle. In this article, we’ll highlight the top three pros of having a business […]

Walking away from a business as the owner isn’t as simple as handing in your resignation letter. If you’ve already started looking into the process, you may have discovered that selling a business can be incredibly complex. However, if it is your first rodeo, remember that it isn’t ours. As Sydney business lawyers, we aim […]

They’re young, they’re up and coming, and they’re providing an irresistibly good product or service. They’re Sydney Startups. If this is you and you want your business to grow old with grace and great revenue, you need a certain someone on board. This certain someone will guide you through everything you need for success, including […]

Your business could be missing a vital piece of armour. Our experienced Sydney business lawyers are ready to spill all they know about your first line of defence – expertly drafted terms and conditions. Why do you need to protect your business? Regardless of how you built your business, it goes without saying that you’ve […]

Exciting ideas often flourish when two or more innovative minds unite to transform their vision into a real-life business. What begins as a dynamic and creative partnership can evolve into something truly remarkable as the ‘great idea’ blossoms into a successful business.  However, to ensure that a partnership remains strong and productive, it’s important to […]

They’re young, they’re up and coming, and they’re providing an irresistibly good product or service. They’re Sydney Startups. If this is you and you want your business to grow old with grace and great revenue, you need a certain someone on board. This certain someone will guide you through everything you need for success, including […]

Your business could be missing a vital piece of armour. Our experienced Sydney business lawyers are ready to spill all they know about your first line of defence – expertly drafted terms and conditions. Why do you need to protect your business? Regardless of how you built your business, it goes without saying that you’ve […]

The stats against Startups aren’t for the faint-hearted. Whether you’ve got the edge in a highly competitive industry, you’re solving a problem that you’re passionate about, escaping the 9-5, or simply chasing more spending money, getting your Startup up and running is no easy feat. This is why we’ve compiled a list of four essential […]

Risk is a persistent little pest, a cunning nuisance that only grows as your business does, nibbling away at your wildest goals. Unfortunately, the only way to rid yourself of risk is to confront it with a call to arms. If conflict isn’t your cup of tea, we’ve got your back with tailored legal advice […]

It’s no surprise that operating a business comes with a mountain of difficult decisions. So when it comes to the nitty-gritty aspects of your Sydney business, engaging a well-versed lawyer is always your best bet. Not only can they ensure that you’re legally protected, but they can help you make informed decisions aligned to your […]

What is The Business ‘Prenup’ and do you need one when going into business with a best mate? Choosing the right business partner can be like trying to choose your ideal life partner. You will feel that initial sense of excitement and anticipation as you navigate what the future looks like together. We recently wrote […]

Going into business with a business partner can easily be compared to getting married. Both relationships require a great level of commitment, respect, honesty, decision-making and passion. Truth be told, a business partnership is actually harder to maintain than a marriage, and statistics show a much greater percentage of failed business partnerships than divorces. Picking […]

The philosophy and framework needed to build a home is much the same as that required to build a business. Both processes, whilst uniquely different, require well thought out and strong foundations to support the impending growth. The first step in the process is developing a vision of the business you hope to build. The […]

Selling a business involves more than just adding up assets and liabilities. One of the most critical aspects in determining the final sale price is the ‘business goodwill’. In this guide, we will walk you through the concept of goodwill, why it matters, and how to calculate it.  You’ll also learn about methods to assess […]

Having a well-drafted contract is a crucial part of the business sales process, specifically if your interests are compromised. To ensure a smooth and safe sale transaction, it’s important to understand the main aspects that a business sale contract should cover.  In this blog, we’ll explore the essential elements that should be included in a […]

Among the long list of to-dos that go into selling your Sydney business, coming up with a sale price is arguably the most critical step. It can be a complicated process but coming up with a sale price is often based on a simple calculation: The value of your physical (tangible) assets + the value […]

Selling a business WELL requires careful planning, meticulous execution, and a deep understanding of the market. These are all things a business broker can help you with. However, it’s not uncommon to wonder if getting a business broker is worth the hassle. In this article, we’ll highlight the top three pros of having a business […]

Walking away from a business as the owner isn’t as simple as handing in your resignation letter. If you’ve already started looking into the process, you may have discovered that selling a business can be incredibly complex. However, if it is your first rodeo, remember that it isn’t ours. As Sydney business lawyers, we aim […]

So… you want to buy a business. Buying a business is not for the faint hearted. It requires a lot of planning, patience and due diligence. It also requires a significant investment of time and money, as well as an appetite for some level of risk tasking. When considering purchasing a business, it is no […]

From lockdown to slowdown, and then back up again the business cycles flow. Business is just like the four seasons and in order to reap the harvest in the spring we need to be able to endure the winter. For most business owners this means injecting more of their own capital into the business to […]

Starting a business is often very exciting and challenging at the same time. It involves a lot of costs and expenses that may exceed your revenues. Depending on the size, the up-front costs and the type of business you want to launch, you will probably have to consider raising capital in order to fulfil the […]

If you own an e-commerce business, it’s important to be aware of the legal aspects involved. Having a good understanding of e-commerce law can help you avoid potential issues and ensure your business runs smoothly. By addressing common legal challenges in e-commerce, you can protect your business, build customer trust, and strengthen your brand’s reputation. […]

What you need to know about post-employment restraints in NSW Post-employment restraint clauses are a common feature in most employment contracts. These clauses operate to prevent an employee from taking certain action which would adversely affect their employer following the termination of their employment. Such action may include: Restraint clauses are becoming increasingly valuable for […]

Discover strategies for reducing your workforce during turbulent times. Explore considerations such as employment contracts, redundancy, and stand-down laws to navigate headcount reduction effectively.

Learn when it’s the best time to negotiate business contracts. Economic conditions play a significant role in bargaining power, influencing your ability to secure favorable terms with suppliers. Explore key considerations for contract termination.

Learn valuable tips to ensure business continuity for small and medium-sized businesses. From key man insurance to shareholders agreements and power of attorney, discover essential strategies to mitigate risks associated with key employees.

In challenging economic times, businesses must review trading terms to avoid working for free. H+A Legal discusses strategies like upfront payment and progress payment arrangements for ensuring timely payments.