Prenup Agreements are not just for celebrities although we know people with a lot of assets and income take precautions to protect their fortunes before tying the knot. We’ve read the news about celebrity prenups and massive divorce payments after marriage breakdown. They amaze us because of the staggering figures involved! Because your average bride…
Contracts are the basis of business relationships, but many small business owners are not familiar enough with contracting at an individual level to get the most out of it. These 4 hot tips will help you avoid common mistakes and pitfalls. Common mistakes when drafting contracts #1: Write the First Draft Yourself As much as…
If someone owes you money and they are refusing to pay, there are several things you can do to try and recover your money. When someone owes you money, you are known as a creditor and the person who owes you money is a debtor. If they refuse to pay, you may need to apply…
There is no legal definition of the word “offshore” and it simply means anywhere else apart from a person or an entity’s own country. There is a myriad of reasons why an offshore structure is sought. In many cases, high net worth individuals will make use of offshore structures as an integral part of an…
Corporate Social Responsibility, or CSR, has become an increasingly popular trend among businesses wishing to demonstrate their ethical credentials. This was largely due to a fallout from the global financial crisis and much has been written about corporate responsibility since then – whether or not such a phenomena does, or should exist, how effective it…
There are a multitude of tax systems worldwide. Each jurisdiction’s tax system is different because, unlike any business or legal systems, tax is a government’s primary means of raising revenue and any fiscal policies adopted by a government will be based on political and economic motives. However, a sovereign government’s ability to collect taxes is…
International expansion is usually considered when either: an international demand for the business’s product or service is received by, or made known to, the business; or the business is actively looking for new opportunities for growth. A business that has reached its potential in the domestic marketplace will be required to look beyond domestic boundaries…
The Australian Competition and Consumer Commission (ACCC) has released a new warning to small businesses to be wary when entering into contracts with telecommunication companies that bundle a telecommunications service and call credit with what is perceived to be ‘free’ equipment. The warning makes note that many of the agreements being signed by the smaller…
The fitness industry is one of the fastest growing in the Western world, especially when it comes to gyms and gym memberships, which cost several hundred dollars for a subscription of a few months. For most users of gym services, the standard arrangement is to sign up for a subscription and the gym fees are…
As spring arrives and more couples are planning marriage, the time for an open and honest discussion about the future has never been important. A Prenuptial Agreement or Pre-Marriage Binding Financial Agreement provides clarity, confidence and peace of mind, building the foundations of trust and honesty in your relationship. Spring is a time of renewal, of…