Business Articles

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...

What is a partnership?Partnerships are a common form of business structure that have existed for hundreds of years, alongside sole proprietorships. However, identifying whether a partnership exists and understanding its terms can sometimes be unclear, both in common...

What is a Pty Ltd company?A Pty Ltd (Proprietary Limited) company in Australia is a private company with limited liability for its shareholders. A shareholder's liability for the company's debts is limited to the capital he or she has invested in the company. This...

What is a Director Penalty Notice?A Director Penalty Notice (DPN) is a notice that the ATO sends a director that make a director personally liable for the following type of tax debts of a company – PAYGW, Superannuation Guarantee Charge (SGC), GST, Wine Equalisation...

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 due to poor planning decisions. Threats to assets include loss in market value, physical...