Business and Commercial

In business a frequent cause of disquiet and disruption are disputes around payment terms between an enterprise and its suppliers.

While a company or partnership structure carries with it a clear set of legal rights and obligations, the same is not necessarily the case for a joint venture.

While most business people have heard of trusts, it’s likely not as many really understand what they are or why you’d use one.

If your business has suffered financially during the pandemic, and you have business interruption insurance, you may be interested to follow the progress of a test case launched through the NSW Supreme Court system by the  Insurance Industry and Financial Services Ombudsman.

The recent Federal Court decision in Brett Cattle Company Pty Ltd v Minister for Agriculture [2020] FCA 732 (‘Brett Cattle’) has implications for future decisions by Federal government ministers in relation to not only the live cattle industry, but also other enterprises.

Commercial property is an asset class that can provide good returns if you buy at the right time, in the right place, and can install good tenants.

In short, this will depend on whether you plan ahead. You can decide in advance who can make decisions for you by preparing a legal document known as an Enduring Power of Attorney (“EPA”).

In short, this will depend on whether you plan ahead. You can decide in advance who can make decisions for you by preparing a legal document known as an Enduring Power of Attorney (“EPA”).

Going into business with close friends or associates as partners is, for many people, an ideal way to realise their entrepreneurial dreams. Like sole trading, a partnership business structure offers many advantages.