Business

Cheal L.

Harkaway, VIC

2 Likes
1 Followers

Hi, going through a financial separation and leaving my partner with the farm. I only wanted $50,000.00 in cash however my ex partner has offered $125,000.00 but it has to go direct into my superannuation account. Why is this, what are the benefits to my ex partner.
What is the negatives for me besides not accessing cash until 65

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4 years ago

Jared W.

Gosford, NSW

0 Likes
0 Followers

Hello,
I’m the sole director of the business and pay myself a salary when the business can afford to. As I’m set up as an employee does that mean I need to be paying super on top of the income the business is paying me?

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6 years ago

Dale A.

St Kilda, VIC

2 Likes
1 Followers

There are three partners in the business, it’s a digital media business. I work in the business full time, one partner is part time and the other works a full time job but helps out every now and then. I am wanting to put a shareholders agreement together but the others are assisting on equal share each. I am finding this difficult as I’m doing 80% of the work and generating the little revenue we have and it has become a bit of a disincentive to work harder as the rewards are not commensurate with the effort and contribution. How do I handle the predicament respectfully so everyone feels it has been handled appropriately and we can maximise the opportunity? Thank you

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6 years ago

simplyaskit

Business Advisor

North Sydney, NSW

216 Likes
401 Followers

The RBA has cut official interest rates to a new record low of 1.25 per cent.

Will the Banks and all other Lenders pass on the full rate cut for their borrowers?

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6 years ago

Manawa T.

Augustine Heights, QLD

0 Likes
0 Followers

I’m working part time and I’m wanting to start a business part time providing lawn care, though I’m unsure if owning and working a business will affect the money I earn working part time?

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6 years ago

Peter A.

Brunswick, VIC

0 Likes
0 Followers

Hi, I’m looking at buying a business where the distribution base is contractors. I’ve had a looking at the contractors existing agreements and there is no mention of super entitlements which is a concern for me if I take it on and find out later that there should be. The contractors aren’t employees but should the business be paying their super?

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6 years ago

Felicity D.

Elsternwick, VIC

3 Likes
0 Followers

Hi,
I just started as sub-contracting and want to know if I can charge travel time for visit my clients. If so, is it just travel to and from the job I’m attending

Thank you

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6 years ago

Peta D.

West End, QLD

0 Likes
0 Followers

Hello, I want to create an online platform to help people experiencing anxiety and stress related issues. I have the professional qualifications and over time would invite other professionals to form part of the community. The question I have, is what do I need or should have to protect myself, other professional and the platform, what could we be liable for?

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6 years ago

Michael A.

Campbelltown, NSW

1 Likes
0 Followers

Business has been in our family for 20 years, I took over from parent 5 years ago and we know want to sell. Does anyone know a good business broker to help with the sale?

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6 years ago

Michael A.

Taren Point, NSW

4 Likes
0 Followers

Hi, I’m looking at buying a restaurant and have looked at a couple within reasonable proximity to home. I’m a qualified chef but having a difficult time trusting the financial and information the business brokers are providing. Is there a proven strategy on how I may be able to get the true picture on how the business is performing, thank you

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6 years ago

Nathan R.

Waratah, NSW

1 Likes
0 Followers

Along with 2 other partners we are about to set up a food distribution business, each of us will be directors and have equal shareholding. The question we have is two directors who want to have their shares in their family company name and the director want their shares to be just in a business name, not a pty ltd.

Does anyone see this as a problem and does it represent any risks to any of us as directors?

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6 years ago

Patrick S.

Naremburn, NSW

3 Likes
0 Followers

I have been operating a business under a company structure with two directors for 5 years and recently started a photography business as a hobby (it is going well too). Do I need to set up another company or can I be a sole trader so it doesn’t affect the other business?

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6 years ago

simplyaskit

Business Advisor

North Sydney, NSW

216 Likes
401 Followers

Fun Friday

What quote resonates with you, inspiring you to move forward?

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6 years ago

Marnie C.

Adamstown, NSW

2 Likes
0 Followers

I have just started working from home and want to know what I can claim through the business. We don’t owe any money on the house, does that matter and can I now claim travel expenses to visit clients?

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6 years ago

Martina B.

Frenchs Forest East, NSW

1 Likes
0 Followers

Hello there. My friend and I would like to setup a design service business and need to know the difference between a partnership and a company? If it’s a partnership can we use a domain with .com.au or is that solely for a company? What is cost difference between setting up a partnership and company.

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6 years ago

Phillip A.

Doncaster, VIC

2 Likes
0 Followers

A family member is a qualified chef and has moved to Australia from France and wants to start a restaurant. He has a working visa but is there any legal issues from starting his own business. Could he borrow money?

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6 years ago

Mark B.

Fremantle, WA

9 Likes
0 Followers

Hi,
As a father of a mortgage broker who has 8 years’ experience I want to know why the Royal Commission and Government would be denying brokers the opportunity to be paid $3,250 by the lender on a $500,000 loan yet be happy for real estate agents to be paid up to $10,000 for the sale of a $500,000 property. My son has worked hard, built a business and now what?

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6 years ago

Christine A.

Pyrmont, NSW

3 Likes
0 Followers

Hi, we need some advice.

One of our staff is never happy and continuously brings down the mood within the business and with a small team of 10, it’s very frustrating. The business is going well but it could be so much better and we are really worried about losing other staff because of the negativity. What is our best course of action, we don’t want to wait until it is too late?

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6 years ago

Matt A.

Williamstown, VIC

3 Likes
1 Followers

I would like to get the opinions of other business owners to how long before a new staff member needs to be working for the business before they become part of the employee share options. We introduced it last year for staff who have been with the business almost from the start 4 years ago but not sure whether new employees should have to wait 1, 2 or 3 years. What do people think?

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6 years ago

Tim S.

Taren Point, NSW

0 Likes
0 Followers

Hi, I would like to ask a question about buying a franchise/licence. The parent company is not calling it a franchise (just a licence) but the agreement looks and feels like a franchise and we have to commit to KPI’s and a 3 year term. If it is just a licence agreement does that mean the parent company is required to pay tax on our behalf or is that our responsibility – thank you?

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6 years ago