What is the best way to enter into an agreement for the supply of services/goods?
A written agreement specifying the terms of trade should be exchanged between the parties.
Usually parties enter into business dealings in good faith, expecting the best of the other party in anticipation that all will benefit or profit from their new business venture. Continue reading
DOES GST APPLY TO SETTLEMENTS OR JUDGMENTS OF COURT LITIGATED CLAIMS?
When parties enter into Terms of Settlement for a litigated claim, it is not in itself a taxable supply which attracts GST. Continue reading
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: Continue reading
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. Continue reading
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. Continue reading