Attention accountants. Don’t get blamed by your client when a DPN goes to the wrong address
The ATO’s ‘debt holiday’ is well and truly over, and it has moved past the warning phase and has been issuing a steady stream of director penalty notices (DPNs). As an accountant, there is a fair chance you act as the registered office for your client’s company. However, you know that you can’t be responsible […]
What is a ‘share class’?
You must understand the full implications of the share structure you adopt in your companies. How you set your companies up will have a material impact on the commercial control, commercial return, tax, asset protection and estate planning outcomes you achieve.
Do you have a new doctor joining your medical practice?
There are several ways a doctor can join your medical practice. As the owner of the practice, it is important for you to understand the key differences between each arrangement, and ensure you have the right agreements in place. Independent Practitioner (or ‘Associate’) Doctors who use your staff and facilities in exchange for paying you […]
Estate planning for sole directors of private companies
If you are the sole shareholder and director of a private company, have you thought about what will happen to your business if you lose capacity or die? Failure to plan for this eventuality can affect the financial viability of your assets and leave your family vulnerable – so it is something you need to turn your mind to. Fortunately, there are several solutions that are easy to implement and lots of advice about these issues is available.
Successful founders looking to scale need a great lawyer.
Natalie Massenet: I would definitely say get a lawyer. That’s the one thing. A lot would be different just with that one act.
The decentralised web (DWeb) – Blockchain, Smart Contracts, DAOs and NFTs
Lawyers are generally pretty conservative people. It’s our role within society to apply a skeptical view to new things, pay respect to historical precedent, and generally defend the more conservative and established institutions and social norms, i.e. to drag the chain a bit. For this reason, we have not paid too much attention to the […]
Director Identification Numbers
In June 2020, legislation was passed to enable the rollout of Director Identification Numbers (DINs) for company directors. The Australian Business Registry Services (ABRS) is ready to start registering directors from November 2021.
How much notice do you need to give to call a directors/Board meeting?
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.27.2″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] The Corporations Act 2001 (Cth) does not specify a minimum notice period for the calling of a valid directors/Board meeting. All that is required under the Corporations Act is that each […]
Do directors need notice of proposed director/Board resolutions?
The short answer is, no. The Corporations Act 2001 (Cth) does not require directors to be given prior notice of any matters to be discussed at a directors/Board meeting, or any resolutions to be put to the directors/Board at the meeting. Your Company’s Constitution may include specific provisions that require advanced notice of what will […]
ADLV Law chats with Tax Talks about Unfair contract terms
Business owners should be aware of changes to Australian Consumer Law that have focused on Unfair Contract Terms. What is an unfair contract term? And what can you do to ensure your business complies? In an episode of Tax Talks, ADLV Law will walk you through the history of Australian Consumer Law unfair contract term […]