Yes, if you are the owner of a start-up business or a small business who has not had your legal documents prepared by a business lawyer and is currently trading as a sole trader.
Creating a Company and family Trust involves the upfront cost of this ELBizDocs product, as well as ongoing accounting costs. If your business is not yet making much money, it might not make financial sense to upgrade to a Company and Trust structure just yet. However, you should keep in mind that when you are ready to transfer the business to the new company, you will be required to pay stamp duty on the value of any business assets (including goodwill). As such, you don't want to wait until your business is worth thousands of dollars and you will be lumped with a considerable stamp duty bill! The exact timing is usually a matter to be discussed with your accountant.
Before you proceed with ordering a new ELBizDocs Company and family Trust, we strongly recommend that you first:
If your business has a Website, you need Website Terms and Conditions to set out your users’ rights and obligations in relation to using the Website. This is particularly important if your users can upload content, post photos or post comments on the Website or where you allow the user to input their personal information into the Website. Our Website Terms and Conditions can also help limit your liability to users of your Website.
Having a well-drafted, appropriate Agreement with your customers or clients can protect you in relation to matters of legal liability and ongoing payment, as the Agreement sets out the terms and conditions upon which you agree to provide goods/products or services to your customers or clients.
You will need to select which ‘key terms’ document is the most appropriate for your business, from the following:
If you purchase this Essentials – Start-Up Business bundle, you will receive:
Contact us first before purchasing this ELBizDoc if any of the following apply:
This Interview will take approximately 35 - 45 minutes to complete.
Before starting, you will need to have handy:
By hitting 'Start' on this Interview, you acknowledge and agree: