Articles
Transferring a Lease to a New Business Owner
Transferring a Lease to a New Business Owner As part of the sale of a business the vendor and the purchaser have to decide if the purchaser wishes to have a transfer over the existing lease of the business premises or wishes to apply to the lessor for a new lease. If...
How to Create a Sale of Business Contract
Understanding the Contract for the Sale of a Business Once the owner of a business (the vendor) and the buyer (the purchaser) agree on the sale, the details must be set out in a written agreement called a Contract for the Sale of Business. Usually, the vendor’s...
Buying a Franchise
Buying a Franchise A franchise involves a business owner (the franchisor) giving you (the franchisee) the right, upon payment of a fee, to market and sell the franchisor's products or services in accordance with the franchisor's system of management and operational...
Most Common Business Structures
When starting a business, choosing the right structure is crucial. Typically, businesses operate under one of the following structures: 1. Sole Trader The sole trader structure is the simplest to establish and manage. You run the business alone and have full control...
Changes to Home Building Act
The Home Building Act 1989 deals mainly with the the licensing and regulation of builders performing residential building work. However, it also gives the benefit of warranties and insurance in respect of such work. On 15 January 2015 certain retrospective amendments...