Lord Commercial Lawyers
Solicitors in Melbourne
www.lordlaw.com.au
Address
Level 5, 190 Queen St. Melbourne. Melbourne, VIC, 3000.Are you the owner or manager of this company?
What you should know about Lord Commercial Lawyers
A good lawyer can help you negotiate the sale contract and ensure that your interests are protected during the purchasing process. Are you a director of an insolvent company? The need for directors of companies to guard their assets is critical as they could be named in litigation proceedings along with their company. For that reason it is important to act now so that the asset protection strategies are put in place years earlier a risk arises. A normal form of asset concern is to have your prosperity held in a trust. When setting up a business structure, consideration should be given to factors such as how many people will be involved in the business, what the business will do, how much income is probable to be earned from the business and the calculated growth of the business. Instead, the financial liability of the company is limited to the company assets. Your credit application and terms of trade should yield you with security over the goods which you have sold to the customer and, if the customer is a corporate entity, ensure that the directors of the company provide you with personal guarantee. If a contract is entered into by a Company, only the Company can be sued, not the director. A director is under a duty to act in the best interests of the Company. Personal Property is extensive it means any property other than land. Setting up a competing business with the employer’s business or busy in a competitive business and. This issue needs to be considered by employers when the employment contract is drafted because a court will consider the reasonableness of the restraint as at the time the contract was entered. For a business this can include customer lists, business and marketing plans, internal business processes or formulas for products. AP is a cherished business asset, protecting it should be standard business practice forming segment of the overall business plan. Require a company’s directors to pay you. It includes security interests in goods, vehicles, intellectual property and any other personal property, but does not apply to land. A security interest includes any interest in personal property which is created by an agreement that secures a payment or performance of an obligation to another person (for example a fixed and floating charge over an asset). If the tenant is a company, then personal guarantees from the company’s directors may also be required. A plan of the property could also be included. Use of the property: Most leases will include a clause defining what the tenant can do on the property (Ag. Costs: The landlord may want the tenant to pay the costs of preparing the lease, and this should be clearly set out in the lease. In such cases, a director cannot avoid personal liability for those amounts by placing the company into administration or liquidation. Advice and dispute resolution for company directors and shareholders (including directors’ duties and shareholder disputes).
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