Your intellectual property (also referred to as ‘IP’) will play an essential role in your business's success. Most startups have a large portion of their value embedded in their IP - the new ideas, the new inventions and the new ways of doing things. Simply creating IP does not actually mean that
What is a Lease?
A lease is a legally binding document between a tenant (known as the lessee) and a landlord (known as the lessor). A lease allows a tenant to occupy an area - like a whole building - or a part of an area - - like a shop front in a shopping centre – which are usually known as the premises. It is
How do I collect unpaid invoices?
Would you be struggling if your clients didn’t’ pay you all the money you are owed? Unpaid invoices are more than a slight inconvenience, especially when funds are tight and there isn’t much wriggle room to accommodate late debtors. Not being paid can put unnecessary stress on you and your
Employment Contracts: The Fundamentals
An employment contract is a legal agreement between an employer and an employee. It sets out the terms and conditions of the employee’s employment. Although contracts can be verbal, they are best to be placed into writing as without a written or signed document, it can be difficult to resolve
Tax Tips for Startups
Tax. It can be a stressful time, particularly at the end of the financial year. Unless you are a tax accountant, sorting out your taxes can seem like a monumental and overwhelming task. As most startup owners are not tax experts, there is a significant risk of making a mistake when first starting
Do I need a Company?
Often, one of the last things that a person thinks about when kicking off their business is how they will legally operate – for example, either as a sole trader or through a company. Business structures can take a variety of forms. The most common types of business are companies, body corporates
Tips for protecting your IP
Intellectual property (also known as IP) theft has sadly become quite common, particularly in other jurisdictions where the IP laws are completely different to what is seen in Australia. Initially, you may be really eager to spread the word about your brilliant idea or invention. However, without
Buying an existing business
Deciding to buy a business is not an easy decision to make, with many ifs, buts and maybes. But, Team Bolter has your back. When considering whether buying a business is right for you, there are a few things to consider. Below are our tips to help you prepare: Finding the right business for you.
Cyber attack in your business: legal obligation, options and liability
Cyber attacks are on the rise in Australia, particularly those which target businesses - often with quite sophisticated methods. In this blog article, we set out what a business must and can do legally if its cyber security is compromised. Mandatory data breach notification If you are unlucky
Hiring your first employee
Hiring a new employee is a pretty significant (and daunting) business decision. Aside from the thrill of being able to delegate work to someone else and freeing up your time, it is important that you know your obligations as a boss and employer and the risks that come as a result of hiring a new
The importance of business structuring
The legal structure of a business can take a variety of forms. Deciding the appropriate business structure takes some thought and consideration as it is a decision that can impact you personally. The most common types of legal structures are companies, companies with trusts, incorporated
Funding Options for startups / how do I raise capital?
No matter the idea, getting the initial capital needed is pivotal. Generally, your business capital comes from your own hip pocket. But, in some circumstances this might not be achievable. This means that to establish and grow a business, you will need a little - or a lot - of cash to execute your