Campbelltown Legal Chambers
Solicitors in Campbelltown

Meaningful costs can be saved by developing effective asset concern strategies earlier the asset or business is acquired. There are many structures available that yield a balance between tax effectiveness and asset concern in respect of the lengthy come of a trustee lower the Bankruptcy Act or a liquidator under the Corporations Act 2001, both of which restrain detailed provisions to set aside transactions which have been entered into for the purposes of putting assets beyond the come of creditors. Better to trade in the name of a company than in the name of an individual or group of individuals limited liability of a company. For example, if you own a valuable patent or plant and equipment which are going to be worn to conduct the business you maintain ownership of the precious asset and enter into a license agreement with another entity to conduct the business and receive the risks. In obtaining advice as regards the best structure for your business, asset protection must be a consideration. Many good structures are purely ambitious by tax effectiveness and, whilst none of us wishes to shrivel when conducting business, there are always risks, some of which cannot be anticipated or insured against which might result in you losing everything. Plan, gain advice and have the superior management strategies you can no matter how good the structure is, nothing beats good management of debtors and creditors and the keeping of books of account to measure your win or note the earliest feasible warning of a downturn in the profitability of a business. If you are apprehensive get advice sooner rather than later. We can create a structure for the conduct of maximum businesses within 24 hours. The structure need not be complex to be tax effective and produce important asset concern for its participants and the precious assets contributed to the business by those participants. The buyer will be dictated by the type of business structure you adopt and is a decision based on a mix of tax effectiveness and asset protection. Getting these questions untrue can cost an unaware buyer precious active capital. Earlier the price is paid and the business is handed over to you, decisions have to be made about which employees are to be reemployed, how the purchase price will be funded and taking those steps necessary to ensure you get the profit of the business. Buying a business is a intricate task for which you must receive expert advice. The cost of good advice will pay for itself many times over. Litigation can be an expensive and stressful process if you do not receive expert advice throughout all stages of the contradict and apply tactical strategies throughout the process founded on a solid understanding of the legal issues and a results aspiring outlook. At Barclay Beirne Lawyers we will go the extra mile to help you in every respect to keep your assets and enforce your rights. That is achieved by taking advice before you commence business and ensure that you have an enforceable agreement on reasonable terms with provisions of what happens when the relationship between business participants breaks down. Although issues may appear to be legally complicated the sincere difficulty is a personal one convening and mediating a contradict at the earliest point in time where the parties can agree to disagree’ and part company on reasonable terms. Some result in significant personal liability for the Company’s conduct or the Company’s debts. Although we engage in a different range of businesses with different professional or general compliance standards, there are a number of normal threads that will render a Director or person acting as a director personally liable, e.g. Competition and Consumer Act offense with pecuniary liabilities and personal courteous liability where an individual concerned is in breach of the Act. The BASIC can also seek criminal compensation pecuniary penalty orders for the conduct. Corporations Act 2001 Unsuccessful to ke