BUSINESS TRANSACTIONS

Whether it be a start-up business or a well established enterprise, we can provide a range of services, from the formation of the initial business structure; issues that arise during the course of running the business and the subsequent sale of business assets or the actual company itself.

Other issues can be the simple task of registering a business name to employment matters such as unfair dismissal and workers compensation.

Business structure
This decision should not be made lightly. Complex legal and accounting issues can be involved. There are several considerations to be made when setting up a small business.

How important is my lease?
The location of a business is often vital to its success. Therefore, it is important to have a binding lease to ensure you have guaranteed occupancy of the business premises. Read our article about going into a small business for additional information.

Franchising
Many business proprietors consider franchising to be an easy and exciting means of establishing a business. It allows an individual, partnership or company to operate an independent business under the umbrella of an already established business or business name.

Prospective purchasers of a franchise should investigate the reputation, track record and financial stability of the franchiser. Before entering into such an arrangement, you should find out what advertising budget and back-up services are offered by the franchiser.

Independent legal advice should be obtained in relation to the franchise agreement. Your future income and security depend on it.

Insurances
By law, the only compulsory business insurance is workers compensation. The rest is up to you. However, a prudent proprietor should be covered for obvious risks such as public liability, personal disability, fire, burglary and loss of profits. You should take this opportunity to consult your insurance broker or insurer as to the type of cover that might be appropriate for your business.

Financing
The financing requirements of acquiring or setting up a business, and the subsequent purchases of assets, inventory etc should be carefully considered. The taxation implications of alternative types of financing are important. Consult Kerrisons preferred mortgage supplier by following the links in the right hand column for more information.

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Contact Kerrisons if you'd like to know more about the services we can offer you in relation to business matters: Phone 02 4655 7066 or email us today.