Launching a startup is an exciting journey, and one of the crucial early steps is the incorporation of your company in Australia, assuming that is the legal structure you select. A smooth and efficient incorporation process sets the foundation for your business. In this article, we'll guide you
When you should use a Confidentiality Deed
If you are an owner of a small business, company or startup, you may have some valuable ideas, products, or services that you want to protect from being copied or stolen by your competitors. One way to do that is to use a confidentiality deed, also known as a non-disclosure agreement (NDA) - though
Are you a minority shareholder suffering “oppressive conduct”?
Under Australia’s Corporations Act 2001, minority shareholders (including employee shareholders) can make a claim for oppressive conduct by majority shareholders in a company. Oppressive conduct is conduct that is contrary to the interests of shareholders as a whole or is oppressive, unfairly
Do Terms and Conditions Really Matter: Yes they do!
If you run a small business or a start-up company, you might wonder if you need a Terms and Conditions (T&C) document for your website or app. The answer is yes, you do!A T&C document is a legal agreement between you and your users that sets out the rules and expectations for using your
Navigating Employment Agreements
Employment agreements are a crucial aspect of the employer-employee relationship. These legally binding documents provide clarity, define expectations, and establish the foundation for a harmonious and productive working relationship. The minimum requirements for an employment agreement are
Convertible Notes: A Flexible Financing Tool for Australian Startups
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