How to Separate Intellectual Property from Your Business Entity
If your business owns valuable intellectual property (IP) such as trademarks, software or proprietary systems, holding it within your trading entity can expose it to unnecessary risk. Separating your intellectual property from your business protects those assets from operational liabilities, enables efficient licensing and supports long-term commercialisation. By transferring your IP to a separate holding […]
What should you know before agreeing to guarantee a loan?
If a lender suspects a borrower may not be able to repay a loan, they may request that a third-party (guarantor) guarantee repayment of the loan and/or performance of the obligations of the borrower. So what do you need to know before becoming a guarantor? What is a guarantor? A guarantor is someone who agrees […]
What is the difference between employees and contractors
As an employer it is crucial that you understand the difference between employees and contractors. The obvious benefit of engaging a contractor is that you don’t have to remit tax and superannuation payments to the Australian Taxation Office (ATO) on their behalf. However, misclassifying your employee as a contractor can have significant consequences. What is […]