A Subscription Agreement is a legal document that establishes the terms and conditions between a company and its investor(s) when an investor subscribes for shares in the company. This agreement typically includes essential details such as the number of shares to be purchased, price per share,
Buy-Sell Agreements: Safeguarding Shareholder Interests
A Buy-Sell Agreement, also known as a Shareholders Agreement, is a legal document in Australia outlining the terms and conditions for selling shares in a company. It offers several benefits for companies and shareholders:1. Shareholder interests protectionBuy-Sell Agreements safeguard shareholder
Put and Call Options: A Versatile Financial Tool in Australia
Put and Call Options in Australia are contracts between two parties, granting the option holder the right, but not the obligation, to buy (call option) or sell (put option) a specified asset at a predetermined price within a set time frame. Put Options allow the holder to sell the asset at a
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,
Mastering Currency Risk Mitigation Strategies for Australian Businesses
Currency risk is a significant concern for Australian businesses trading internationally. Fluctuations in exchange rates can substantially affect profitability and cash flow. To help manage this risk, several currency risk mitigation strategies are available for Australian businesses,
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
The Importance Of A Shareholder Agreement For Your Business
As a business owner, protecting your company and its shareholders is essential to ensuring its long-term success. One of the most critical steps you can take is implementing a shareholder agreement. This legal document outlines the rights, responsibilities, and obligations of the shareholders within
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
I’m only a startup, should I be worried about my obligations under the Privacy Act?
Good question! Firstly, realise you’re a potential target because you are a start up! Despite your relatively small organisation size, it is important to create a foundation of strong data protection and security practices. An information-centric approach for small businesses could be key to