by admin | May 20, 2020 | Uncategorized
Your landlord or a supplier can ask for your personal guarantee, which is common business practice. If the business becomes unable to pay the debt, the personal guarantor will be called upon to repay what’s outstanding. In small businesses, the guarantor is usually...
by admin | May 20, 2020 | Uncategorized
So you’ve registered formal interest, taken care of due diligence, and you’re ready to sign on the dotted line and buy the business. Now it is important to make sure that all the important contracts get transferred from the previous owner to you. It’ll help you make a...
by admin | May 20, 2020 | Uncategorized
At that time, it is important to appoint an adviser who can assist you further. Professional advice is important to make sure all bases are covered, but getting a lawyer and accountant on board also improves your credibility as a buyer. “A lawyer’s role in the process...
by admin | May 20, 2020 | Uncategorized
Yes, you read that right. The Law Shop, with offices in Tauranga and Rotorua, is a firm of all women. It wasn’t set out to be that way when director Paula Lines took over the then Rotorua-based legal firm in September 2008. There was no plan in place to keep it ladies...
by admin | May 20, 2020 | Uncategorized
Paula Lines from The Law Shop explains that this risk can be enough to put some people off having their own business and that this is where setting up a trust can be useful. “If a trust owns your family home, and there is no debt back to you, the house is likely to be...
by admin | May 20, 2020 | Uncategorized
If you’re starting a business this year, there will be a lot to think about. Are you starting from scratch, or do you want to buy an existing business or a franchise? Buying a business gives you a known name, some structure, and a client base. Starting a brand-new...
