With the totally new situation we have been thrown into due to COVID-19, many people are facing uncertainty about their rental obligations as landlord and tenant. Because lockdown has prevented tenants from accessing their business premises, landlords may be seeking cover from their insurer for their tenant’s rental costs, while tenants may be seeking reduced [...]
When it goes wrong For a business owner, the risks can seem endless. When the rubber hits the road and Health and Safety policies are not in place, Worksafe become’s involved and heavy penalties apply to businesses who have not complied with the minimum expectations set out by the Health and Safety at Work Act [...]
Preparing T&Cs for a business is one of my MOST favourite things as I really get to delve into a business and get to know the ins and outs. T&Cs are your contract with your customers, telling them basically how you are going to transact with them and setting the basis for your relationship. In [...]
Starting a business is an exciting time. Your motivation is high, you are bursting with ideas and eager to get on with developing a successful and prosperous business. Planning is important at this early stage. Once you have determined the viability of your business concept and you are ready to set up your business you [...]
When you are in business you want to expose your personal property to as little risk as possible. This is one of the reasons for setting up a separate legal entity for your business, such as an incorporated company, and for keeping your personal affairs and finances completely separate from your business. Shareholder liability When [...]
Many people have registered limited liability companies, yet operate under separate trading names. It is prudent to ensure that your business cards and every written communication used or sent by, or on behalf of, any of your businesses have the relevant company’s proper legal name on them. If you do not do this then your [...]
This article is about what you should and shouldn't do when enforcing your commercial lease against a tenant that has defaulted on their rent payments or another condition of the lease. Do not: Do not take matters into your own hands. Do not physically remove the tenant or the tenant’s property or change the locks. [...]
Someone owes you money and you want to be paid. You may have lent them money or they may owe it to you under an agreement e.g. unpaid rent, or goods supplied on credit. How do you get the money from them? Can you make them pay? A common first step to recover a debt [...]
In business the most important thing is your bottom line. You need to get paid. The best way to do that is to only accept cash. Unfortunately that does not work for everyone who is in trade, some businesses need to take goods and/or services on credit in order to keep operating. It makes more [...]
Borrowing money When you get a loan, the bank will usually require a mortgage and guarantee. The loan relates to the amount of money you are borrowing from the bank and contains the bank’s lending terms that you have agreed to, such as the interest rate, repayment plan and the security required by the bank. [...]
