When buying a business in Queensland, there are a number of tasks you need to turn your mind to. This is particularly the case when the business you’re purchasing has a liquor license to supply or sell alcohol.
Unless an accepted exemption applies, a liquor or wine license or permit is required for any person or organisation to supply alcohol in Queensland. There are many types of these licenses and permits which are suited for different businesses and community organisations.
Contracts are used daily in all parts of everyday life, from business to buying groceries, and can come in many shapes and sizes. When we strip it all back down though, what is a contract?
If you currently operate a company or you’re thinking of registering a company, you might have heard of the term ‘corporate veil’. In a nutshell, the corporate veil refers to the limited liability that members, shareholders and directors of a company enjoy.
Tabcorp has an exclusive deal with the NSW government to operate gambling in pubs and hotels. Tabcorp believes a recent partnership entered into between Entain and AHA NSW may be a breach of that agreement.
At the end of the day, running a business is all about making decisions. Big decisions, small decisions, easy decisions, scary decisions and financial decisions. A shareholder’s agreement can assist by setting out a structured process of how those decisions should and can be made.
A major factor that business owners must consider is whether they would like to limit their liability should the business incur unpayable debts or liabilities. The business structure chosen will determine if owners have limited or unlimited liability.
New contract term laws aim to protect consumers and small businesses from unfair contracts. Under the new and amended laws, from November 2023, all unfair contract terms will be illegal, and parties using unfair contract terms may face severe penalties.
When choosing a new business name, it’s important to ensure that your selection is available and, importantly, you’re not going to breach any laws of copyright or trademark.