Robust Business Structures
It is essential that you properly plan your business structure before you start trading. Specific business and personal needs must be considered carefully.
We understand the importance of these decisions and our experience in this area means you can be assured that you get the right start, or in the case of restructuring, a new measure of protection and benefits.
We work closely with our clients’ accountants to advice our clients on business structures and restructures. To choose the correct business structure, it is important to make sure that the structure:
- protects assets;
- isolates risk;
- creates an effective tax position; and
- is flexible and simple.
After examining your circumstances and the best structure for your enterprise, we or your accountant can set about establishing the appropriate entity or entities.
We can assist with the establishment of the following:
- Private companies;
- Discretionary or Family Trusts;
- Unit Trust or Hybrid Trusts;
- Partnerships; or
- Joint Ventures (both unincorporated and incorporated).
If you are carrying on a business with another person, you should have a formal agreement regulating the way all participants in the business interact with each other on issues such as control, ownership, liability and commercial decision-making.
We assist the stakeholders in business ventures to examine the key issues that may arise as the business matures. This initial process is much like a ‘prenuptial’ arrangement.
It is essential to have a well-documented procedure for the sale of stakeholder interests where a dispute cannot be resolved or to allow the exit of a party from the business when certain events happen.
Intellectual Property Protection
Identifying and protecting your intellectual property from the start is so important.
Registering and structuring your intellectual property can save you a lot of money in the long run.
Often people starting a new business adopt a name and logo and then go about spending money on marketing materials, building a website and developing goodwill. And then they discover the name or logo they have been using infringes on another person’s intellectual property rights.
In many cases, the time and money spent promoting your brand can be wasted as the threat of legal proceedings force you to remove signage, letterheads, websites and other material.
We know what legal steps and strategies are available to manage intellectual property rights so that they remain valuable competitive differentiators for our clients and serve as effective drivers of their business growth.
Terms of Trade or Client Agreement
Preparing your terms of trade or client services agreement is essential. Some of the questions to ask:
- What is the scope of work or the content of the purchase order?
- Who are you contracting with?
- Is there a personal guarantor on for the work or products being sold?
- How do you deal with variations?
- What are your payment terms?
- Do you charge interest on overdue accounts?
Terms or trade or Client Services Agreement set out the relationship and guidelines for each transaction with your customers. They are also an enforceable contract and are the ultimate tool when you face a debt recovery situation.
Documentation and Contract Packages
At Rouse Lawyers we understand that the costs involved in starting a new business can prohibitive. However, it is essential that new businesses arm themselves properly before they start trading.
We have established a number of start-up packages that are ideally are put in place before you start issuing invoices, but which can also be adopted existing businesses who realise the need to formalise their compliance and documentation.
Example documents from these packages are listed below. In most cases, we will determine a fixed-fee for a package depending on the scope of work. In some cases, we will offer extended payment terms to ensure that cash flow is not affected. All documents are individually drafted and tailored to your specific needs.
- Employment Agreement
- Independent Contractor Agreement
- Services Agreement/Client Agreement
- Shareholder Agreement
- Buy/Sell Agreement
- Estate Planning for Stakeholders
- Partnership Agreement
- Buy/Sell Agreement
- Loan Agreement
- Fixed and Floating Charge or Mortgage
- Website Members Terms and Conditions
- Trademark Application
- Intellectual Property Licence (between holding and trading entities)
- Intellectual Property Assignment Deed
- Contractor Sign-On Agreement dealing with Intellectual Property
- Confidentiality Agreement
Any Questions? Ask a Business Lawyer
Team Leader: Matthew Rouse
Matthew is the founder of Rouse Lawyers. He leads the firm’s Corporate & Commercial team. Before he started Rouse Lawyers, Matthew developed his expertise as a commercial lawyer with some of Australia’s largest law firms.
Matthew specialises in mid-market mergers & acquisitions. These businesses tend to be larger private or family owned businesses.
Matthew also practices in general corporate advisory with much of his experience being with clients in emerging technology or organisations with substantial intellectual property.
Matthew is trusted by the firm’s clients to deliver astute and practical legal advice to make sure Rouse Lawyers team delivers on its promise to offer top-tier counsel on time with the clients’ interests and value in mind
Practice Area Expert:
Peter works in franchising, distribution and mergers and acquisitions. His clients range from SMEs to global corporations with an Australian presence.
Developing a deep knowledge of his client’s business is paramount to Peter to ensure he provides quality and timely advice to his client’s.