A joint venture is a business relationship between parties with a view to mutual profit or benefit. It is widely used in projects where the parties can provide different skills for the purpose of an intended outcome, such as: (more…)
HOW DO YOU RECOVER A DEBT THAT REMAINS OUTSTANDING PAST THE SPECIFIED TERMS/DATE OF PAYMENT? Each customer will respond in a different way to phone calls, demands, legal proceedings, entry of Court judgments and enforcement of judgments, which may be by way of bankruptcy proceedings on an individual, or liquidation/winding up proceedings on a company debtor. (more…)
Shareholders of a small private company usually rely on their personal relationships with each other to manage the business. Death, disability or the bankruptcy of one of the shareholders could require a transfer of the shareholder's stock to existing shareholders, as opposed to the deceased shareholder’s beneficiaries inheriting those shares. (more…)
This article provides a brief overview of some key provisions in the Personal Property Securities Act 2009 (Cth) (PPSA). In particular, it will cover:
- The definition of personal property under the PPSA;
- Examples of personal property;
- Questions to consider; and
- What business owners should do in response to the PPSA.