Small Business & The Law.
WHY YOU MUST COMPLY
The law (ASIC) enforces that a small business must comply under the laws whether you are a small business, business name or a registered company in Australia. As the business owner, you are responsible to comply with the law. There are general legal obligations if you operate as a registered company. Company officers (such as directors and company secretaries) are responsible for complying with their personal obligations and ensuring that the company meets the legal obligations. There can be certain additional legal obligations in certain industries and is important to check with your Commercial Law Expert. If you fail to comply with the laws that apply to your business, the Law (ASIC) may take action against you, the company and/or the company officers. This may include issuing a warning letter, obtaining a court order and/or taking civil or criminal action. Upon this it is important to contact your Commercial Law Expert for immediate action. Do not delay on acting on this issue. If you are unsure about these laws that apply to your company or industry it is important to contact your Commercial Law Expert to get the right information to avoid any penalties. Author: Kalde Legal
This book is for anyone who wants to know how to buy or sell a business. It is not legal advice. It is a general overview of the legal process of buying and selling businesses and explains what’s involved.
In this book I make reference to a practice guide. This is a reference to the Practice Guide for Sale of Business in New South Wales, which I have also written and continue to keep up to date. This book follows the basic structure of the guide. The practice guide goes into each topic in more detail and includes documents ready to download and use. It is written for practising lawyers to use in their work with clients. As well as more detailed coverage, it includes links to legislation and documents. The documents are a collection of legal documents and letters ready to download and use in word. The practice guide has proven to be a bestseller and very popular among lawyers in New South Wales and across Australia. Checklists in printable form are provided as well as precedent documents. This book is intended as a more condensed guide that distills the essential parts of the practice guide, but without all the links which end up being distracting when trying to read in Kindle format. This book explains the procedure for sale of a business, and gives you the information to enable you to run the transaction. We look at the process both from the seller’s and purchaser’s perspective. There is a chapter devoted to each depending on which party you act for. We also go into detail with respect to several important aspects of sale of business such as the contract itself, issues specific to franchises, leasing issues and some others. The author Eric Kalde is the author of over 30 practice guides published through the leading Australian legal publishers Documents Online and Precedents Online. The practice guides contain detailed commentary explaining the relevant area of law and documents ready to download and use immediately. They are available by annual subscription and are kept up to date with the law. They have been written for the legal profession and assume the reader has had legal training