Almost always, insolvency is the reason why a company is wound up. This process is often initiated by a creditor of the insolvent company. However, insolvency is not the only grounds for winding up. The court may also order the winding up of a...
Property prices have been on the rise making it more difficult for buyers to get their foot into the property market. Owning property jointly can seem appealing as friends or family can pool their money together to have a larger deposit, or substantially better borrowing power....
Solari and Stock is pleased to welcome a new addition to the team, Valentina Abouzeid....
An Executor is the person appointed in another person’s will to dispose of the monies, property and other assets listed in that will, after the death of its author. An Executor has to follow both the deceased’s wishes and numerous legal requirements when disposing of that...
A recent Supreme Court case in Queensland is a timely reminder of the need to take care when nominating who is to receive a member’s superannuation benefits, particularly when the provision is made in the binding death nomination for payments to be made to a...
According to RealEstate, the age of first home buyers in Australia is edging closer to 40, and as property prices continue to increase, it is difficult to see this reducing. Any Sydneysider will tell you that property ownership is a far flung dream, often only...
In many small businesses run through a company there are two or more directors who may be family members or friends. Disputes may then arise and an issue arises as to what rights a director or shareholder has in relation to the conduct of another...
The phrase Unfair Contract Terms (UCTs) sends a shiver down small businesses and consumers alike, and allows larger, contract-issuing, businesses to rub their hands in glee. In the ten years that UCTs legislation has existed in Australia for the protection of consumers (and only four...
For many businesses, their people are the most valuable assets. Key employees can offer important skills and expertise, knowledge, reputation and relationships – attributes which are often critical to a business’ success. So, when purchasing a business, along with other assets such as plant and equipment,...
Are my Staff Casual Employees, or permanent? Anyone who is responsible for the hiring and firing of staff should be across the “type” of employee they hire. The recent case of Workpac Pty Ltd v Rossato (2020) has highlighted that you cannot make assumptions. So how do...