What Happens to Your Company When You Die?
If you operate a company, several issues may arise when you die. What happens depends on how you company operates. Multiple director and shareholder company In many cases, it will be business as usual. Your shares in the company will be distributed in accordance with either a shareholders agreement, or buy sell agreement and in […]
Probate and Deceased Estates in South Australia
This article will outline the basics of probate in South Australia and how a deceased estate is administered. It assumes that the deceased person died with a valid Will. Locate the Will and contact a lawyer The first thing to do is locate the Will. A lawyer should be engaged and the person who is […]
What’s involved in making a Will?
This article explains the basics of making a Will. What does a Will do? The purpose of a Will is to deal with your assets on your death. As you have the potential to acquire significants assets over the course of your life, it is important to have a Will. A Will can be updated […]
Base Rate Entities and Companies owned by a Trust
A common business structure is to trade through a company, with the sole shareholder being a discretionary trust. Usually at the end of each financial year, a dividend is paid from the company to the trust, which the trust will then usually allocate to one or more people. Sometimes, the trust may allocate (or ‘stream’) […]
Property Development, Managed Investment Schemes & Financial Services Licences
It is very common for a group of people to pool together their money and undertake a land development. If all the participants are actively involved, then subject to having a proper agreement in place among themselves and local planning laws, there are not that many regulatory requirements that must be met. But what if […]