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
Commercialisation: The journey from an idea to the market
You’ve probably heard about ‘commercialisation’ and wondered what it is and how it even works. In a nutshell, commercialisation is a process by which a business recognises they have a new product or service and brings its to market. It’s like a pathway to market. You will most likely hear the
Breaking down commercial leasing terminology
Are you thinking about leasing a shopfront or a commercial space? Here are a few key terms that will become useful for you to know when you’re out looking for a place and dealing with property agents. This list of commercial lease terms is intended to give you an overview of terms and their
Are your customers really accepting your website terms and conditions?
Did you know that how you present your terms and conditions to your clients and customers online can have a significant impact on whether or not they have actually accepted and agreed to those T&Cs? Simply placing them on your website may not be enough. There has been much debate seen in the
Contractors: Staying Protected
Contractors and employees are different - you don’t want to confuse one for the other. So, when outsourcing or looking to engage with a contractor, there are a few items that you should understand. Ideally, contractors should be engaged through a contractor agreement and detail: the services
What is a Shareholders’ Agreement?
A Shareholders’ Agreement is a legal document which outlines the rights and obligations of a company’s shareholders. When a proprietary company is first registered, the company issues shares to its shareholders (its owners) as well as appointing directors of the company. A shareholder is an owner of
Licensing: Profiting from Your Assets Without Selling Them
Is your business thinking about selling off assets to boost cash flow? Are you sitting on a valuable idea or asset that could be making money but for whatever reason you don’t have the ability to make the most of it? Thinking about whether your asset can be licensed in a way that benefits you,