Guide to the Sale and Purchase of a Small Business
What is a Small Business:
In Australia, businesses with less than 20 employees, or a turnover of less than AU$2 million per annum, are generally classified as small businesses. Small businesses account for almost 98% of businesses in Australia, and 35% of Australia’s gross domestic profit, employing 44% of Australia’s workforce.
Regardless of a vendor’s reason for selling a business, for a purchaser, especially an inexperienced...
The world, as well as residents and business investors, are keeping a keen eye on the events unfolding in Hong Kong. Similar to the issues generated by Brexit, the unknown is becoming a forecasting stumbling block.
Many businesses in the past have used the natural jumping off point provided by Hong Kong to further invest into Asia, but are now looking for alternative locations that...
What corporate governance rules do investors need to be aware of and what applies to them?
The Australian Government welcomes productive foreign direct investment. A good understanding of the Australian corporate governance rules is the key to success in investing in Australia.
Main legislation and regulatory sources
The Corporations Act 2001 (Cth) (the “Act”) is the principal legislation regulating companies in Australia.
The Australian Securities and Investment Commission...