Startup Stories: JK Finance

Startup Stories: JK Finance

A little over two years ago, two NAB bankers decided that they’d had enough with the corporate bureaucracy of a big four bank. What they’ve built in the short time since is truly inspiring.

Can you establish your startup on your own?

Can you establish your startup on your own?

I get it. Startup life is hard. Your entire day seems like a balancing exercise as you try to accomplish as much as you can with limited resources. Who has time, let alone the money, to seek professional advice when there are a hundred other pressing issues competing for you attention.

Basic Business Structures

Basic Business Structures

Practical advice, in plain English: that’s what I promised. I am taking on that challenge by setting out some basic business structures and explaining the differences between them – without the legal and accounting jargon that causes most people’s eyes to glaze over. Impossible you say? Well, check out the below series of 4 posts …

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What is a Trust?

What is a Trust?

A trust is an artificial legal construct that best describes a relationship between individuals. A trust relationship exists where there is a separation between legal ownership of an asset and the persons entitled to benefit from that asset (called beneficial ownership). Let me explain: If I owned a block of land, and I said to …

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Companies: what they are and how they work

Companies: what they are and how they work

When talking about business structuring, most people naturally think that involves starting a company – and for the most part, they’d be right. However, whilst most people know about companies, I regularly come across clients who may not know exactly how they work and what the various terms connected with companies actually mean. Hopefully this …

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Key aspects of Partnerships

Key aspects of Partnerships

Everyone knows what a partnership is, right? Perhaps in a colloquial sense. However, when  it comes to the formalities of a partnership, I find that people are regularly surprised by some of the key aspects of what a partnership entails. The Basics A partnership is simply two or more people carrying on business in common …

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Operating as a sole trader

Operating as a sole trader

The Basics As a sole trader, you simply run a business as an individual. No complex structures or fancy accounting work: you simply register an ABN in your own name, and away you go. You can trade under your own name (e.g. Sami Sara Legal), or if you register a business name, under any name …

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Introducing The Bearded Lawyer

Introducing The Bearded Lawyer

What do you do when you have a passion for tech and startups, but are happily working within a more traditional legal environment? That is the question that I have been grappling with for some months now. Today’s business landscape is defined by our ability to utilise technology to accomplish more and engage with people …

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