Starting a Business

Do All Shareholders Have To Sign A Shareholders Agreement?

When setting up a shareholders agreement, a common question that arises is “Do all shareholders have to sign a Shareholders Agreement” for it to be valid. The short answer is that while it is not legally required for all shareholders to sign, it is highly beneficial and recommended to include all shareholders in the agreement. …

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Do I Need A Shareholders Agreement? (Including FREE Shareholders Agreement Tool)

Do I Need a Shareholders Agreement (Plus Free Shareholders Agreement Tool)

Find out “Do I Need a Shareholders Agreement?”A Shareholders Agreement is an important legal document that outlines the rights, responsibilities, and obligations of shareholders (owners) of a company. It serves as a roadmap for how the business will be run, addressing important issues such as decision-making, profit-sharing, dispute resolution, and more.   These days, if you get …

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How to protect yourself when buying a business in Australia (in 2024)

Two images of people buying businesses. Caption reads, "How Can you Protect Yourself when Buying a Business?" Blaze Business & Legal Logo.

Key TakeawaysYou need to understand the Australian market and industry trends if you’re on the hunt for a business to purchase.Legal compliance and due diligence are essential in protecting your interests.Consulting a lawyer and understanding financing options can safeguard your investment.Special considerations are needed when buying a franchise.Be vigilant against scams and unsafe products. IntroductionIt …

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7 Steps to Startup Success: The Entrepreneur’s Journey

Here are the 7 steps you need to take (generally speaking) to achieve success in your startup. Of course, there’s a lot more that goes into your startup, but these steps give you a good grounding with which to succeed. So, what are you waiting for?Step 1 – Idea GenerationConceptualise a business idea.Identify a problem …

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5 Tips to Draft a Fantastic Business Plan (2024)

A Business Plan is one of the most important documents you can have in your business. Ideally, it’s best to prepare and draft your Business Plan right at the start as you’re planning your startup. There are certain issues that all Business Plans should deal with, so make sure you check them out. But there …

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How to Buy a Business: 13 Steps to Buying a Business in Australia in 2023

Image of varioius inset business frames on a city backdrop depicting how to buy a business in Australia. Caption reads "13 Steps to Buy a Business." Blaze Business & Legal Logo.

IntroductionI’m in the middle of buying a business as we speak, and I advise on buying businesses as part of my core Legal Services and Business Advisory Services. So what better time to write a guide about How to Buy a Business! Book your free, 30-minute Strategy Session Share with your Network Share 0 Tweet …

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Business Plan vs Marketing Plan: What are the key differences in 2024?

A Business Plan and a Marketing Plan are both essential documents for managing and growing a business, but they serve distinct purposes and focus on different aspects of a business’s operations. Here are the key differences between the two:1. PurposeBusiness PlanA Business Plan provides a comprehensive overview of the entire business. Its primary purpose is to …

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Do Sole Traders need a Director ID in Australia?

Do Sole Traders need a Directors ID? Blaze Business & Legal Logo. Images of tradies and sole traders

IntroductionSole Traders in Australia often wonder whether they need to obtain a Director Identification Number (Director ID). In this article, we provide a direct answer to this question, as well as a few things you may need to consider.Short answer Sole Traders in Australia DO NOT need to obtain a Director Identification Number (Director ID). If, …

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Structuring your Business: Do you need an Accountant or Lawyer (or both)?

Starting a business is an exciting journey filled with critical decisions and important actions. While it may be tempting to handle everything yourself when setting up your business, it’s crucial to seek professional advice, particularly when it comes to legal and financial matters. One of the most important of these legal and financial matters is …

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