Business, commercial & corporate law

Before you commit, it’s important to understand what you’re buying. Due diligence usually includes reviewing the contract for sale, the premises lease, financial records, assets and equipment, licences and permits, employee arrangements, supplier and customer contracts, and any debts or liabilities. We’ll help you identify and manage the risks.

Franchising in Australia is regulated by the national Franchising Code of Conduct. Among other things, a franchisor must generally give you a disclosure document, a key facts sheet and a copy of the franchise agreement at least 14 days before you sign, and there is a short cooling-off period after you enter the agreement. Get legal and financial advice before you sign.

Common structures include a sole trader, partnership, company or trust. Each has different implications for liability, tax, control and cost. The right choice depends on your plans and circumstances, so it’s best decided with input from both your lawyer and your accountant.

Selling a business usually involves preparing a contract for sale, dealing with the transfer or assignment of the premises lease, transferring assets, licences and goodwill, and agreeing on matters such as stock, employees and any restraint of trade. Preparing early helps the sale run smoothly.

No. We work with small and medium businesses throughout Wollongong, the broader Illawarra region, Sydney and the rest of Australia.