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.

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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