5 things you need to know about ‘vendor finance’

5 things you need to know about 'vendor finance'

Whether you are buying or selling a business, the chances are that ‘vendor funding’ will play an important role in getting the deal done. This article discusses 5 issues that should be considered by a seller when using vendor finance in a business sale.

Before you get appointed, get prepared

Before you get appointed, get prepared

Who wants to be a director? Not an easy question to answer these days, with over 700 laws that can make you personally liable for various actions (or inactions) of your company. This article provides some handy safeguards to consider before you agree to become a director.

Will I ever realise the value in my business?

Will I ever realise the value in my business?

If you’re like me you pour your life and soul into building your business. But when did you last stop and ask yourself, ‘What for?’ If, like me, being in control of your financial destiny is important to you, then it’s important to make sure that the value of your business is protected if something unexpected happens.

What is a ‘Company Power of Attorney’?

Company Power of Attorney

Have you thought about what would happen to your company if you became incapacitated, or worse, if you died? Who would pay the bills, and enforce the company’s rights?

Who owns your customers?

Who owns your customers?

There will be times when an employee leaves your business and you find out later that several significant customers have followed them to their new employment or business. What can you, as a former employer, do in these situations?

What should be in a ‘Heads of Agreement’?

What should be in a 'Heads of Agreement'?

Businesses often enter into ‘heads of agreement’, ‘letters of intent’, or a ‘memorandum of understanding’ in the course of negotiating a deal, often without input from a lawyer. So which of these are binding, and which aren’t?