Your adviser may be dangerous to your wealth. Not many years ago, a person's word was taken as his/her bond. Those days have changed. Today it is necessary to have everything in writing ...
Family owned businesses, like all businesses, will experience their fair share of conflicts. Because the people working in the business are family members, issues involved can run even deeper ...
Many business owners do not like telling the bank everything about their business. They may feel the bank can be a friend and ally or a consultant, but not necessarily someone who ...
A business broker works for the client who engages them. If you are selling a business, the broker will act for you on the sale of that business and is responsible to you, their client ...
A business needs to have growth. If you don't grow you are standing still. If you are standing still you are basically going in reverse. Growth should be part of your business dream ...
Here is a broad outline of the type of records that the IRD requires you to keep. You must keep enough records to be able to calculate your income and expenses and to confirm your accounts ...
A business is worth whatever someone else is prepared to pay for it and therefore its value will vary from person to person. There are many ways to value a business and the final price will differ ...
Before buying a franchise you need to sit down and talk with your accountant as well as a franchise lawyer and get answers for all questions that you may have in your head ...
The saying that “cash is king” is still applicable today. Having cash on hand to meet the expenses of the business is a critical factor which determines the success or otherwise ...
your company is a small private company then you will not be required to provide formal financial reports under the Companies Act. You will still need to complete reports for taxation ...
You need to know there is a file on you, listing all your personal financial and credit information. This is held by the various credit reporting agencies. If you have ever had a bank account ...
Here are some important tips you should consider: Use credit cards only for essential purchases. Keep unused cards in a safe place. Carry your credit card separate from your wallet or purse ...
Customer theft can be minimised by ensuring everyone in your business is alert and follows procedure, as well as being committed to practising customer service ...
After the buyer of a business you will given a specified period of time to carry out a due diligence investigation of the business. Due diligence simply means checking out the business fully ...
Every business needs to think about an exit strategy. It's all very well, when things are going well and there is no likelihood of you ever needing to exit from the business ...
When a person in business or in partnership (with unlimited liability) is unable to pay their debts when they become due, they are said to be insolvent. As soon as someone is unable to pay ...
Intellectual property is often worth more to the business than its tangible assets. Because it consists of business strategies, images, ideas and concepts, intellectual property ...
It is advisable to always lock windows and doors when you leave home, and let your neighbours know if you plan to be away for any length of time. It is also a good idea to install deadlocks ...
Partnerships are regulated by the Partnership Act 1908 and by the common law of partnership, largely based on British law. Joint ventures are generally documented in much more detail than partnerships ...
Where payments are made by partnership to other people, such as relatives, or those associated with a partner, then that payment is tax deductible to the business ...
Unless you are familiar with the Patents Act 1953 and the patent system, applying for a patent can be very complex. It is advisable that you obtain the services of a lawyer specialising in this area ...
The important thing to remember when you are negotiating a lease is that the lease documentation would have been written with the landlord in mind - not you. You therefore have to read it well ...
Be aware that the prospectus is not just a glossy brochure from the company. It is an important document that contains information about the company and the shares ...
If you have an agreement for a fixed price for certain goods then remember that these prices should be able to be increased if external factors occur. If you do this your supplier will appreciate it and look after you ...