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. [...]
One of the first things people consider when going into business is the type of entity or structure they would like to use to carry out their business. The business structure is like a vehicle which will take the business through its life cycle from formation to winding up. However, depending on the type of [...]
New laws applying to the finance industry from 1 December this year will have a substantial impact on financial advisers and financial service providers. This legal blog deals with the new obligations on financial services providers. Retailers providing goods on credit terms are financial service providers and therefore need to register as financial service providers [...]
Quitting your job can be a stressful time. The situation is made worse when your boss is not happy you are leaving and tells you not to come into work, makes your last days at work intolerable or does not want to give you your full and final pay. Both you and your boss must [...]
Your brand is your reputation. It is the way you and other people view you and your business. One aspect of your brand is your trademark. Having a memorable and well managed trade mark is a powerful way to distinguish your business products and services from your competitors. The idea is to create a distinctive [...]
I attended the Whangarei Business Owners Forum last week. The Business Owners Forum was held at the office of Elevate CA in Whangarei and the topic was A Rough Guide to Valuing Your Business. The panel of experts included Whangarei chartered accountant Fraser Hurrell from Elevate CA, Whangarei lawyer Stuart Spicer from Webb Ross, and [...]
The GST rate is probably increasing from 12.5% to 15%. We should know for sure by this Thursday (20 May 2010) when the Government announces the Budget. The increase is likely to be effective from 1 October 2010. The GST rate increase could not come at a worse time. We are still suffering from the [...]
Landlords and tenants should be aware of the costs they might incur when leasing commercial premises. This is all the more important in the current economic climate as landlords and tenants need to know what costs to plan for. Each lease is different, so the landlord and tenant's respective obligations will depend on the terms [...]
