Business Structures Archives - Michael Law Group

Business structures in Australia

Photo by Laura Cros on Unsplash Business structures in Australia Updated: 17 June 2020 Ever wondered which business structures exist in Australia? and how they work? There are 4 main business structures in Australia, these are 1) sole trader 2) company 3) partnership and 4) trust. I'll discuss each below. Sole trader Who

Employment

A lawyer’s tips for on-boarding an employee at your startup

A lawyer’s tips for on-boarding an employee at your startup Updated: 8 December 2019 Have you decided to hire an employee for your startup ? Below, we share useful tips for on-boarding an employee at your startup. 1. Job description A good job description sets clear expectations for a future

Startup

4 tips for startups allocating shares to an investor

Useful tips from a lawyer for startups for allocating shares to an investor. 4 tips for startups allocating shares to an investor Updated: 8 December 2019 After talks with a potential investor for your startup, they may give you a term sheet or memorandum of understanding (MOU) including the key

Startup

An Australian lawyer’s guide for your Christmas and New Year’s startup plans

Photo by Floral Deco An Australian lawyer’s guide for your Christmas and New Year’s startup plans Updated: 21 November 2022 Do you have a brilliant idea and dream of your own startup business but have never had the time to investigate it further? Yes? Well, the Christmas and New Year

International Startups

Tips for overseas entrepreneurs setting up an Australian Company

Tips for overseas entrepreneurs setting up an Australian Company Updated: 8 December 2019 If you are an overseas entrepreneur setting up a company in Australia, we have some useful tips to share with you based on some commonly asked questions. 1. Can I live overseas and set up an Australian

International Startups

Legal tips to help you run your Australian business from overseas

Legal tips to help you run your Australian business from overseas Updated: 8 December 2019 Have you have ever thought about living overseas while still running your Australian business ? Here are some tips to help you do that. As there will likely be a tax impact for changing your