Convertible Notes are debt instruments in Australia that allow the holder to convert the debt into company equity at a predetermined price. These notes are popular among startups for raising capital without issuing shares. The operation of a Convertible Note in Australia consists of the following
Unlocking the Potential of SAFE Notes for Australian Startups
A SAFE (Simple Agreement for Future Equity) Note is a type of investment agreement in Australia that enables a company to raise capital in exchange for a promise of future equity. Unlike convertible notes, which are debt instruments with fixed interest rates and maturity dates, SAFE Notes are simple
Demystifying INCOTERMS: A Guide for Australian Businesses Engaging in International TradeEdit name
INCOTERMS (International Commercial Terms) are a set of internationally recognized standards used in international trade and commerce to define the responsibilities and obligations of buyers and sellers when delivering goods. The International Chamber of Commerce (ICC) publishes these terms,
Protecting Your Stake: The Importance of Pre-emptive Rights for Shareholders
Pre-emptive rights, often referred to as pre-emption rights, safeguard the interests of current shareholders when a company issues new shares. These rights enable shareholders to maintain their proportionate ownership by granting them the option to purchase additional shares before the public or
Customized Company Constitution: A Must-Have for Every Startup Business
A company constitution is a vital legal document outlining the rules, governance, and management structures of a business. For startups, having a customized company constitution is crucial to ensure smooth operations and prevent disputes among shareholders. At Bolter, we emphasize the
Director ID number requirements now in place
The recently launched director ID scheme aims to increase the accountability of directors and address illegal phoenix activity or where a new company, for little to no value, continues the business of an existing company that has been liquidated to avoid outstanding debts. Director ID’s will be made
What is a Company Secretary?
A company secretary is a senior official in a company. The company secretary directly helps and supports the Company’s board and directors and has a general obligation to assist a company to comply with its legal obligations. A company secretary’s responsibilities are contained within the
Do I Need A Company Seal?
A company is a ‘separate’ entity, so a company seal acts as the signature of a company and can be used to validly execute certain documents. In this article, we will discuss what is a company seal, the requirements for using a company seal and whether a company seal is mandatory. What is a
Company Directors Beware: Increased liability for unpaid tax
In April 2020, company directors were made personally liable for their company’s unpaid GST, wine equalisation tax and luxury car tax. This liability has been added to director's previous personal liability for the pay as you go (PAYG) withholding tax and the superannuation guarantee
Incorporated Associations: Transition into a company structure
Do you run an incorporated association and are looking to restructure into a company structure? Let us explore what you need to consider and do to make that happen. Restructuring any not-for-profit organisation depends upon the organisation type, whether it is an incorporation and what
Do I need a trust?
A trust is a legal structure used to run a business. While trusts may seem complicated at first, a trust can save a business money by providing significant tax benefits. A trust imposes a legal obligation on a trustee. A trustee is a person administering the trust, to carry out the business. A
What is a Partnership?
A partnership is a business structure in which the business is owned and operated by two or more business partners. In a partnership, management of the business is shared. Unlike as a sole trader, all partners are responsible for the debts and losses of the business. This means one partner can be