Category: Knowledge Base

The Bearded Lawyer knowledge base contains in depth analysis of legal topics, and important advice for startups, small businesses and SME’s.

Are you launching a start-up? Here are 5 important things to consider

Are you launching a start-up? Here are 5 important things to consider

Whether you are in the initial stages of fleshing out an exciting new business idea or have registered your trading entity and are ready to go, here are 5 things to consider in the early stages of launching a start-up. Trademarks A search of the Australian Trade Mark Registry is an important first step before deciding on …

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Medical Practitioners: do your service agreements stack up?

Medical Practitioners: do your service agreements stack up?

Medical practitioners in private practice have for many years used service entities to separate the administrative aspects of operating a medical clinic from the provision of medical services. Effective use of this arrangement gives practitioners an opportunity to implement tax effective business structures, and limit a clinic’s exposure to claims made against individual practitioners.

What is a testamentary trust will?

What is a testamentary trust will?

I recently explained why all business owners need a will, and set out what happens if you were to die without one. I also touched on, but didn’t elaborate on, the concept of estate planning. This involves putting in place mechanisms that protects your legacy, utilising tax effective strategies that benefit your survivors and also factoring in any superannuation benefits and life insurance policies that come into play.

Why all business owners need a will

Why all business owners need a will

This post deviates from my usual startup and business focus, by discussing a topic most people would prefer to ignore: your will. Why you ask? Well, look at it this way: what is the point of building a successful business if you don’t properly plan for handing that over to your survivors upon your eventual death? Estate and succession planning is an important component of building wealth, and I’ll tackle these issues from time to time. So, on that note, here is a quick rundown of why you need a will.

The importance of business terms and conditions

The importance of business terms and conditions

Have you ever thought about what’s in your business terms and conditions? Believe it or not, it is quite common for small businesses and startups to cobble together their trading terms. These are often compiled from material they’ve found online. Those same businesses also wonder why they have issues in collecting payments from customers. The …

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Buying Property – a practical guide

Buying Property – a practical guide

Buying property seems to be one of those things that is ingrained in Australian culture. Buy, invest, build, repeat – the road to building a property portfolio. Even with the current property slump, my clients are not overly worried. They are focussing on the upside of potentially buying at a discount. So what do buyers …

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Business Relationship Documents

Business Relationship Documents

Starting a business is hard. Whether you are starting from scratch or acquiring an existing business, the transition to business owner is a daunting prospect. You are more likely to succeed if you combine your skills with others. Whether it’s a friend that you have shared a common dream with for many years, a colleague that …

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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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