Small Business Law Blog

Being a director in NSW is a rewarding role. It offers the chance to shape business strategies and contribute to long-term success. However, it also comes with director responsibilities and duties, and occasional challenges can arise, including the risk of personal liability. The good news is that with the right knowledge, preparation, and safeguards, you […]

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 can have many different outcomes, but working with a business broker can significantly boost your chances of success. A skilled broker can be a game-changer, helping you maximise the sale. Let’s explore how a business broker operates and why partnering with one could be the smartest move when it’s time to sell […]

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 […]

Yes, Sydney startups are fresh and innovative, offering something people can’t resist. But while starting a business is exciting, let’s be real—it comes with its fair share of challenges. As a startup, you’re diving into a competitive market, juggling countless tasks while also trying to navigate a complex legal landscape. That’s where a business lawyer […]