Business Articles

ACN vs ABN

ACN vs ABN

When starting a business, it is important that you understand the things that need to be done. You need to register your operation with the relevant authorities to make sure that you meet the tax,...

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Joint Venture

Joint Venture

What is a joint venture?A joint venture is a cooperative business arrangement formed by two or more entities with the shared goal of establishing a new entity to pursue specific business objectives....

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Partnership

Partnership

Contents What is a partnership? Types of partnerships Who can be a partner? Steps to start a partnership Pros and cons of partnership Partnership for investing Partnership vs joint venture...

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Pty Ltd Company

Pty Ltd Company

Contents What is a pty ltd company? Advantages of a pty ltd company Disadvantages of a pty ltd company Steps to set up a pty ltd company Ongoing obligations for a pty ltd company Large proprietary...

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Asset Protection

Asset Protection

Contents Bankruptcy Marriage breakdown Separating assets from risk Protective structures Asset protection is one of the most important issues when considering wealth building. How tragic it is when...

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ACN vs ABN

When starting a business, it is important that you understand the things that need to be done. You need to register your operation with the relevant authorities to make sure that you meet the tax, legal and regulatory obligations. Whether you are operating as a sole...

Corporate Collective Investment Vehicle

Contents What is a corporate collective investment vehicle? The deeming principle CCIV Sub Fund Trusts as Separate Entities Beneficiary’s present entitlement in CCIV sub fund trusts How to determine a beneficiary’s share in a CCIV sub fund trust How to determine...

Joint Venture

What is a joint venture?A joint venture is a cooperative business arrangement formed by two or more entities with the shared goal of establishing a new entity to pursue specific business objectives. This collaborative effort involves each participant contributing...

Partnership

Contents What is a partnership? Types of partnerships Who can be a partner? Steps to start a partnership Pros and cons of partnership Partnership for investing Partnership vs joint venture Dissolution of a business partnership Documenting a partnership dissolution...

Pty Ltd Company

Contents What is a pty ltd company? Advantages of a pty ltd company Disadvantages of a pty ltd company Steps to set up a pty ltd company Ongoing obligations for a pty ltd company Large proprietary company vs small proprietary company Pty ltd vs ltd What is a pty ltd...

Director Penalty Notice

Contents What is a Director Penalty Notice? Why is a DPN issued? A DPN must be given Types of DPNs Corrective action – 21-day DPN Corrective action – lockdown DPN DPN Defences DPN Remittance DPN Indemnity I've received a DPN - what should I do? What is a Director...

Company Liquidation Process

Contents Roles – directors, creditors, liquidators Proceed distribution What happens next? If a liquidator seeks to make a claim against you Creditors’ meeting Unsecured creditors Rising interest rates and rocketing inflation are all contributing to a significant rise...

Australian Business Number (ABN)

What is an Australian Business Number (ABN)? An Australian Business Number (ABN) is a unique 11 digit identifier assigned to businesses, serving as an identification code recognized by the Australian government and the community. An ABN is necessary to facilitate...

Asset Protection

Contents Bankruptcy Marriage breakdown Separating assets from risk Protective structures Asset protection is one of the most important issues when considering wealth building. How tragic it is when people work hard for years to accumulate wealth, only to then lose it...

Business Structures

Contents Sole Trader Partnership Company Trust Combination of entities This article is an overview of the most common business structures for small to medium sized businesses in Australia. In choosing an appropriate business structure, there are several essential...