Business Operators & Entrepreneurs:

Starting and establishing your own business may be an immensely rewarding experience both financially and personally.  There is a smorgasbord of legal issues that require attention, strategy and proper management.  An experienced Commercial or Business Lawyer may be able to able to carefully and thoroughly examine your circumstances, goals and expectations and provide legal advice accordingly. 

Establishing the correct legal entity is fundamentally important for any business.  This may be a sole trader, partnership, company with limited or unlimited liability or a discretionary trust or some other trust structure. This is necessary and fundamental for the administration and management of the business, how profits and expenses are dealt with and the rights and obligations of principals and stakeholders within the business.  An optimal structure will provide tax minimisation, ease of compliance and management as well as protection of assets and liability.

Directors, entrepreneurs or executives of a business are subject to duties and obligations dervied from statute, common law and regulatory bodies.  It may be necessary to obtain proper legal advice in this regard to mitigate and account for any liability or risks that may be applicable.  A private clients lawyer would be able to advise, as to any factual matrix that you face, about the applicable duties and liabilities.

In addition, there are taxation law needs to be addressed in terms of compliance and strategies to legally minimise tax and/or devise tax effective structures and courses of action.  Taxation law is diverse and complex and includes dealing with Capital Gains Tax, Goods and Services Tax, Income tax, company tax, fringe benefits tax and payroll tax.  Proper legal advice from an experienced Private Client Services Lawyer may be fundamentally important and create enormous value to any business.

In establishing a business, there are various procedural requirements in terms of registration, reporting, drafting appropriate founding documents or an agreement or a constitution and memorandum of association, formal requirements for meetings and resolutions for directors and shareholders or other stakeholders. It is important that these matters be brought to your attention and that you obtain proper advice as it is necessary for the management, administration and growth of any business.  Failure to comply with such procedural requirements may seriously prejudice the rights of any stakeholder, such as directors, executives, shareholders and third parties.  It is important that a Private Client Lawyer is able to thoroughly consider and understand your commercial situation and arrangements so as to properly advise you as to your strategy at any one point in time or over time.  

If you need further legal advice on your matter, you may book an appointment with us by calling 02 9233 4048 or sending an email to info@navado.com. 

This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Tax or Accounting Advice. It does not take into account your objectives, financial situation or needs or your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.