Previously, we addressed the first part of the settlement in the event of the divorce or separation. Today, we will introduce another significant settlement - Parenting arrangement. Even if the property settlement was resolved peacefully and amicably, it is common to have a contrary environment when it comes to the parenting matter.   There are [...]

VOLUNTARY DEREGISTRATION VS VOLUNTARY WINDING UP   A company ceases its legal entity when it is deregistered with the Australian Securities &Investments Commission (ASIC).   The directors or members of a company may consider closing a company for different reasons. If the company is solvent, it can be closed in two ways: apply to ASIC [...]

In Australia, almost one-third of the relationship ends in divorce or separation. Due to the number of relationships ended up poorly, there are several common myths regarding the proportion of entitlement in a property settlement after a divorce.   Common misunderstanding and myths Everything is divided into a 50/50 basis – There is no 50/50 [...]

A debt may arise in many circumstances such as an unpaid invoice or account, a dishonoured cheque, unpaid rent or debt incurred from a contract for goods and services. Quite often, people may not aware there is a debt to pay or receive to/from a person/organisation. For example, there might be a cleaning service contract [...]

People always wonder what is legal for business, it can really cover many different legal services and requirements; however, in a broadline, Business Legal normally fall into two major categories – Agreements and Regulations.   Agreements – are the documents and the legal contract that states your business relationships, such as your customers, your business [...]

Professional negligence arises when the clients of the professionals have suffered financial loss as a result of poor or unsatisfactory service provided by the professionals. Professionals such as medical/legal practitioners, accountants, financial consultants, and real estate agents etc. They all have a legal duty to do their jobs to a minimum standard of competence. Although [...]

‘Happily, Ever After ‘every couple believes this when they are about to get married. And as we all look forward to eternal happiness is prenuptial agreement really necessary?   Firstly, we need to understand what exactly is a ‘Prenuptial Agreement’, also called ‘Prenup’. A Prenup is a written contract made by two people before they [...]

People normally use the terms “insolvency” and “bankruptcy” conversely. But are these two really the same? In fact, it’s important to recognise that the two are actually very different. What is insolvency? Insolvency applies to both individuals and businesses, it is the state of being unable to pay the money owed, on time. What is [...]

What is ‘Franchising’? Franchising allows a business to operate under the established brand of another business. The franchisee can sell franchisor’s products and/or services for a specified period in return for payment to the franchisor. Franchising is very different to other types of business - It can be extremely restrictive. The level of control compared [...]

Things are dramatically changing so quickly with recent life events, as we never know what is around the corner and with the uncertainty, there may come a time to face the tough decisions to be made. We have dealt with a few inquiries for preparing the Will during this period; it isn’t always easy to [...]