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Selling Your business? Follow my sure-fire first steps -PART TWO

Providing assistance to the purchaser. Most purchasers will need some help transitioning into the business.  Think about your availability and what help you are prepared to give the purchaser both before and after settlement. Contracts, Licences and Permits. You will need to identify all of the third-party contracts you use in the business.  You will…

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Selling Your business? Follow my sure-fire first steps -PART ONE

Before you start talking to potential purchasers, you need to have a plan in place to help with negotiations and drafting a contract. 1.Your business structure There are a number of structures that can be used to run a business, and how you sell the business depends upon your structure.  You need to understand what…

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Business Partnerships…what you need to know

So you’re thinking of going into business with someone, how exciting!  You know how profits should be split, and you know you need documents sorted, but what else is there?  Here are the top 10 things that should be included in any partnership agreement, in addition to your profit split. 1.  Outgoings and losses In…

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What to do when someone steals your copyright

The wonderful world wide web poses many problems for creatives, when people use your work without your consent.  Engaging a lawyer can also be expensive.  Here the tips I give to creatives who suspect that their copyright has been stolen. 1.  Check yourself Before you shoot of an angry message to the suspect, I recommend…

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Is your referral arrangement legal?

I am seeing more business collaborations than even before.  Businesses with a niche are coming together and forming collaboratively offerings e.g. yoga and travel, budgeting and healthy eating, legal and technology.  Business owners are coming together in a variety of ways, through formal or informal partnerships, referral arrangements and profit sharing. I hate to burst…

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“I don’t want to be responsible for …”

I often hear these words from clients, and potential clients when talking about business models and terms and conditions and using disclaimers.  It is understandable to want to protect your legal exposure and avoid ‘being sued’.  But here’s something you should know.  YOU CAN’T STOP SOMEONE FROM SUING YOU.  What?  Isn’t that what you pay…

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Start-up advice

Thinking about starting your own business but not sure where to start?  I am here to help! Having worked with a lot of start-ups in a variety of businesses, I have developed the following framework based on what I have seen go wrong for others. Budget right! The best things in life are free right? …

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Tick tock…. When are you going to approve my work?

What to do when your client is dragging their heels and hasn’t approved your work This is a common problem for business owners in creative industries.  The frustration arises when you aren’t paid for the work you’ve done.  I hear you – it also happens to me.  But you can put legal protections in place…

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New Gift Card laws in Australia

If you issue gift cards in your business you will need to comply with new national laws.  The laws are part of the Australian Consumer Law and apply to every business in Australia.  The new laws apply to all gift cards supplied on or after 1 November 2019. What is a gift card? A gift…

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