When starting a business it is a good idea to seek legal advice. Our experienced team of lawyers in Adelaide, Millicent and Whyalla can help.
The legal matters you should consider can include:
How will you structure your company? Will sole trader, partnership, franchise, proprietary company or trust be best?
Is there a business name, trademark or patent you need to register?
Will you need to employ people (including contractors)? If so, it is important to have agreements in place, consider any applicable awards and understand the national employment standards (NES).
Upon starting a business you may need to engage suppliers, investors and service providers, with whom you will need to share your proprietary information. A confidentiality agreement will ensure your idea is protected.
Your products or services may pose a liability risk. A properly drafted disclaimer will ensure its effectiveness.
Licenses and permits
There are many types of licenses or permits that may be required, depending on the industry you will be trading in. For example, a liquor license, in the food and beverage industry.
If you are leasing premises you may need advice on a lease or to draw one from scratch.
We can work closely with your accountant in the establishment of your business.
An agreement will be required if you’re seeking investment from third parties. If your structure is a proprietary company you may also need to consider compliance with the Corporations Act 2001.
Will you be required to comply with the Privacy Act 1988 and the new Notifiable Data Breaches Scheme?
Personal Property and Securities Register (PPSR)
The PPSR is a register of all security interests in personal property (being most types of property besides land).
Speak to Tasman, our Adelaide lawyer, or any of our other experienced solicitors about starting your business.