OpenLegal Articles
Where Do I Find My Tax File Number?
What is a Tax File Number? Your Tax file number (also known as a TFN) is a 9-digit number, issued by the Australian Taxation office (ATO) for tax and superannuationRead More
What is a caveat? When do I need one?
A caveat is a type of statutory injunction used to protect an interest in land or property. It basically acts as a “freeze” on the property and prevents anyone elseRead More
What is next of kin?
In Australia, a next of kin is broadly defined as the closest living blood relative or someone who has a close relationship with the deceased. They are usually the firstRead More
Legal Obligations With NFT Ownership
Non-Fungible-Token’s (NFT) are digital collectables representing items including art, videos, and even real estate. The data on the individual token is what makes the token unique and therefore non-fungible. ThisRead More
How do I purchase a business?
Purchasing a business is never not a big deal. There are a lot of considerations: accounting, legal, personal, financial, risk profiling and more. In terms of the legals, there areRead More
Due Diligence on a Business Purchase
Due diligence is the process of gathering as much information about a business as possible. As a result, obtaining the certain key documents will assist in the process of dueRead More
Insolvency Law Summary 2021
Since 1 January 2021 changes to the Insolvency laws have come into effect in order to protect the interests of small businesses. These changes come in the form of streamlinedRead More
