• Home
  • Articles
    • Front Page
    • General Interest
    • Special Interests
    • Snippets
    • Mayoral Notes
    • Letters to the Editor
  • Competitions
    • Sydney Royal Easter Show Giveaway
  • Our Community
    • Our People
    • Question of the Week
    • Jobs in the Central West
    • Be Seen
    • What’s On
  • Special Interests
    • Women In Business
    • Rural Round Up
    • My Place
    • Health & Wellbeing
    • Loving Local Living
    • Just a Short Drive
    • Real Estate
  • Sports
    • Bowls
    • Cricket
    • Equestrian
    • Footy Tips
    • Golf
    • Netball
    • Rugby League
    • Rugby Union
    • Soccer
    • Touch Football
  • Contact Us
    • Contact Page
    • Advertise with us
    • Testimonials
    • Submit an Article
    • Subscribe to the Parkes Phoenix

Parkes Phoenix

Legal Eagle

August 10, 2017 By Maggi Barnard

BUSINESS LAW…. DUTIES AND OBLIGATIONS
Are you looking to set up a new business, buy or sell a business? The law puts a tremendous amount of responsibilities upon business owners and employers.
Starting in business can be an exciting time.
However, there are a range of business law issues you must take into account:
• Will you be employing staff to help run the business?
• Will you have contracts with your customers or clients?
• How will you deal with leases, insurance, debt recovery?
• Do you have finance in place?
• What tax implications are there in your business?
• Do you understand the fair trading regulations?

Before you commit to a lease, employ people or start work for clients, you need to be sure that you are not putting yourself in legal jeopardy or risking criminal or financial penalities.

Running your business may involve a range of business law issues:
• Guarantees and security documents;
• Confidentiality agreements;
• Copyright and intellectual property law;
• Partnership and shareholder disputes;
• Customer disputes;
• Supplier and contractor agreements;
• Terms and conditions of trade;
• Bankruptcy and insolvency;
• Work health and safety requirements.

Selling your business has a range of issues you need to think through before signing a contract. In particular, the negotiation for the sale of the business. Many factors come into play when deciding on a sale price for your business. Issues include whether GST is applicable in the sale price and liabilities, responsibility for employees, and trading restrictions that may apply.

Filed Under: Articles, General Interest

Latest Print Editions

Click here to download the recent issue (308) of The Parkes Phoenix (2.5MB PDF) – 20th May 2021

STAY CONNECTED

The Parkes Phoenix would like to thank you, our Facebook friends, for your continued support and readership!

SEARCH THE PHOENIX

Recent Articles

  • Riverina Campaign Launch In Parkes May 20, 2022
  • Better Together May 20, 2022
  • More Funding For Parkes CBD Activation May 20, 2022
  • Our Young Gal – Emma Hando May 20, 2022
  • Giant Effort To Stage ‘Big The Musical’ May 20, 2022

CONTACT THE PHOENIX

Address
7/113-127 Rankin Street, Forbes NSW 2871

Editorial Phone –  0403 080 085
 editor@parkesphoenix.com.au

Sales Phone – 0476 110 953
sales@parkesphoenix.com.au

View our Privacy Policy.
View our Conflict Resolution Process.
View our Ethics and Complaints Policy.
Want to advertise with us?
Information on our Community Promotions.

Submit an Article

We are always looking for new articles of interest to the local community.

Please feel free to submit an article for possible inclusion in a future issue.

To submit an article, click here to use our online article submission form.

Recieve the Phoenix via email

* indicates required

Copyright © 2022 · Website setup by WebSysMan