Small Business Resources
What is the Difference in Liability Between a Director and a Sole Trader?
When deciding whether to operate as a sole trader or a company is it important to understand the liabilities of each. There are key differences between the personal liability ofRead More
What is an Insolvency Notice?
When a company becomes insolvent they must lodge an insolvency notice with ASIC. The Corporations Act 2001 (Cth) requires these notices to be published and made accessible to the public.Read More
What is Consequential Loss?
When a party breaches a contract, they may find themselves liable for any losses caused. Parties are encouraged to be specific when defining the consequential losses they intend to excludeRead More
What Happens to Shares when a Shareholder dies?
When a person dies, their estate includes their assets such as shares. What happens to these is usually decided by the will of the deceased. It can be more complicatedRead More
What is a Private Company?
A private company is a company registered under the Corporations Act 2001. It exists as an entity separate from the owners and is privately owned. To be considered a privateRead More
What is the Difference Between Ordinary Shares and Preference Shares?
Selling shares is an effective way to raise capital. Businesses interested in doing so must consider whether they want to issue ordinary shares or preference shares. There are many differencesRead More
Reactivating a cancelled ABN
You may have cancelled your Australian Business Number (ABN) because you decided to stop trading, or because you sold your business, or for a range of other reasons. Australian lawRead More
