A cautionary tale for directors and officers

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The collapse of Storm Financial Limited (Storm) occurred in the wake of the Global Financial Crisis of 2008 (GFC) and reads like a textbook cautionary tale for directors and officers. Background Emmanuel and Julie Cassimatis established Storm and at all relevant times held all shares in the company and were the only executive directors. Prior continue reading

Employees, independent contractors and ‘shams’

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It is common for builders and operators in the construction industry to utilise contractors to carry out specific trade skills such as concreting, plastering, bricklaying and plumbing. Business operators however, need to be cautious when ‘hiring’ skilled or other labour to ensure that they are not in breach of provisions of the Fair Work Act continue reading

The Low Down on Buying a Business

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If you are considering buying a business there are many things you need to do from a legal, financial and general business perspective.  Getting the right advice from the start is important. The structure of and issues involved in the sale are quite different if you are buying the business assets only, compared with the continue reading

Out They Go! Major Changes To Retail Shop Leases Act

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Landlords, tenants and managing agents should be aware of new provisions under the revised Retail Shop Leases Act 1994 (the ‘Act’). The Retail Shop Leases Amendment Bill 2015, staged to commence in November 2016, triggers new considerations when entering into a lease. The changes are intended to uphold present consumer protective provisions, whilst clarifying some continue reading

Are You A Director Of An Insolvent Company?

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During difficult economic conditions it is important that all directors revisit their duties as directors and are aware of how the board should deal with the situation where a company is in financial difficulty and may be insolvent. What is insolvency? A company is deemed to be insolvent when it cannot pay its debts as continue reading

Good Advice Never Goes Out of Style

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In an industry that is dominated by grey suits, Sajen Legal aren’t afraid to stand out from the crowd with a bit of style. The boutique business law firm has recently joined forces with corporate fashion label 400 Co. to bring an evening of inspiration and glamour to the coast. Earlier this year, Sajen lawyers continue reading

Shareholders Rights

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Everything You Need To Know About Shareholders Agreements If you’re planning on investing in a company, you probably expect that your investment will allow you to realise certain benefits in the future. Perhaps you’ve been promised a share in the company’s profits, or offered a managerial role in the business. Maybe you want to influence continue reading

Why You Need a Holiday

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Do you remember how much you looked forward to summer holidays as a kid? Weeks of running riot with your mates through the neighbourhood, long lazy days at the beach, and not a scrap of homework in sight! It’s hard to believe any grown-up would need convincing to take a holiday but apparently some people continue reading

Taking the Hassle out of Business Travel

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Overzealous airport security, long days on the road and annoying flight delays can make travelling for business a challenging experience. However, there are ways to make your business travel less stressful and more enjoyable. Whether you’re travelling to see clients for half the year or have to attend monthly meetings interstate, there are simple ways continue reading

Interview: Mercedes-Benz Sunshine Coast

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Cameron O’Hara is the Dealer Principal at Mercedes-Benz Sunshine Coast and Daimler Trucks Sunshine Coast. Being local businesses, they provide employment for over 70 Sunshine Coast residents and are centrally located in Maroochydore and Forest Glen.  Both dealerships have fully operational sales, service and parts facilities as well as finance availability. In true Mercedes-Benz fashion, continue reading

Cash Flow is King

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Cash flow problems are often serious concern for any business. In today’s world, unstable economic conditions are making it increasingly difficult for small and medium businesses to maintain a steady source of cash flow. However, a cash flow problem doesn’t necessarily stem from negative cash flow. It could come from making a huge payment, leading continue reading

Interview: Quick App Australia

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Wayne Connell is the General Manager and Co-Founder of Quick App Australia. The Marcoola based start-up is taking the small business world by storm with their affordable smart phone application services. Wayne took the time to talk to our team and tell us more: Tell us a bit about Quick App, and how you got started? continue reading

Government Agencies & Search Warrants

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The use of search and seizure powers by various government agencies (DERM, QPS, ASIC, ATO etc.) puts businesses at risk of significant penalties and brand damage.  The way a business responds, by providing either too little or too much cooperation to these agencies, can have a significant effect on the ability to minimise the impact continue reading

Interview: SunnyKids

Chris Turner is the CEO and founder of SunnyKids, a Sunshine Coast based organisation who work tirelessly to break inter-generational cycles of poverty and disadvantage. Innovation has driven SunnyKids evolution from a single site emergency accommodation service into a nationwide provider of  award-winning support services and education programmes. Chris took some time to tell us about their continue reading

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