Lau Legal Consulting

03/03/2020

Business Trading Structures: What's best for your clients? (Part 2 of 2)

Previously, we looked at the case of Paul and Jenny as prospective purchasers of a catering business and explored how a partnership structure may operate in this scenario.

18/02/2020

Business Trading Structures: What is best for your clients? (Part 1 of 2)

Our Principal, Christine Lau contributed a series of articles to Outlook, a publication by Tax and Super Australia, tracing the steps of “Paul” and “Jenny”, our protagonists in the series, from developing a business idea to acquiring a business of their dreams and beyond.

05/01/2020

The Changing Role of Accountants - How do you partner with your clients?

Today’s accountants can offer far more value to a client than just balancing their books. In March this year, I had the opportunity to contribute an article to Tax & Super Australia (a not-for-profit organisation that has assisted tax and superannuation professionals for 100 years). In t

28/12/2019

Whilst it is important that prospective franchisees obtain financial and accounting advice to ensure that the "numbers stack up", the document that governs the relationship between the franchisor and the franchisee is the franchise agreement (plus a disclosure document which provides important information on the franchise system).

It is crucial to ensure that you understand what you are signing up for.

Have a read of the article that I wrote for Insider Franchise Business earlier this month.

If the below link in the shared article doesn't work, try this:
https://bit.ly/2SDtJSx

Put simply, a franchise agreement is a business contract that requires your full attention, understanding it is critical to your ongoing success.

23/07/2018

Exiting Your Franchise - What are your options?

[This is an article written for the Inside Franchise Business magazine titled: Leaving on your terms  - pages 124, 126-127.  Certain formatting and emphasis as appearing in the magazine article were that of Inside Franchise Business magazine's] What are your options and what do

08/02/2018

Startup Funding in the Cryptocurrency Era - Is ICO an option?

All startups, regardless of the industry they are in, require funding. Traditional fund raising channels have been: Before 29 September 2017 the non disclosure option where offers are confined to small scale offerings, sophisticated investors, institutional investors and associated personnel; and th

01/12/2017

Data Breach Notification - Know Your Responsibilities

The Privacy Amendment (Notifiable Data Breaches) Act 2017 established a Notifiable Data Breaches Scheme (NDB) in Australia. The NDB Scheme will commence on 22 February 2018. If you are an organisation or agency covered by The Privacy Act 1988, you must be already very familiar with the APPs (Austra

29/09/2017

ASIC Facilitated Crowd Funding - Should your Business consider this?

Businesses that opt to extend beyond the private corporate structure will have wider opportunities to raise capital from the public with the amendments to the Corporations Act 2007 which come into effect on 29 September 2017. The amendment aims to facilitate flexible and low-cost access to

22/09/2017

How to Create the Ultimate Team to Drive your Business

Business owners can have the best planning, marketing strategies, products and services but without a great team, no plan can ever get off the ground. As Anne M. Mulcahy said: Employees are a company's greatest asset - they're your competitive advantage. You want to attract and reta

20/09/2017

From 27 October 2017, franchisors and holding companies can be held responsible if their franchisees or subsidiaries are non compliant with certain of the workplace laws such as minimum entitlements, NES, awards, sham contracting, record-keeping and pay slips. Now is the time to revise your policies to ensure that you are taking all reasonable steps to prevent such contraventions. Follow this link to read our full article https://goo.gl/juaAEj

07/09/2017

How to prepare for the Fair Work (Protecting Vulnerable Workers) Legislation 2017

The Fair Work (Protecting Vulnerable Workers) Bill 2017 has passed through both Houses of Parliament with Senate amendments to be referred back to the House of Representatives before Royal Assent can be given. The changes will apply 6 weeks after Royal Assent is obtained. What are the propo

01/09/2017

Business take note! Ensure that your credit card surcharge fees reflect what it actually costs you to process card payments such as bank fees and terminal costs. Excessive surcharges are now banned.