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Small Business & StartUps

10 legal tips every small business owner should know

10 legal tips every small business owner should know

Not every small business owner has the time to think through legal issues that could make or break their business. However, there are some important legal tips that every business owner should be aware of to avoid time consuming and expensive issues down the track. To assist the time poor, we have put together 10 legal tips to help small business mitigate business risk and achieve their commercial goals .

Top 5 legal tips for starting a business

Top 5 legal tips for starting a business

Starting a business needs more than just a great idea. It involves planning, getting your finances in order and of course ticking all the legal boxes. Navigating the legal landscape for a new business can be difficult, so we want to share with you the top five things you need to consider:

Tax Incentives for Startups

Tax Incentives for Startups

The Federal Treasury has introduced legislation which aims to create tax incentives for investors by encouraging early stage investment in startups (Bill).

The Bill aims to increase the volume of funding available for startups by offering tax concessions to potential investors.

Proposed changes to crowd-sourced equity funding

Proposed changes to crowd-sourced equity funding

Assistant Treasurer and Small Business Minister Kelly O’Dwyer recently announced changes to crowd-sourced equity funding (CSEF) regulations, paving the way for increased access to funding for startups and small businesses.

RESTRUCTURE ROLLOVER MEANS GREATER FLEXIBILITY FOR SMALL BUSINESS

RESTRUCTURE ROLLOVER MEANS GREATER FLEXIBILITY FOR SMALL BUSINESS

The Federal Treasury  has released for public comment Exposure Draft legislation, the Tax and Superannuation Laws Amendment (2015 Measures No 6) Bill 2015:  Small business restructure rollovers to amend the Income Tax Assessment Act 1997, to enable small businesses to defer tax consequences arising in relation to the transfer of capital gains tax assets, depreciating assets and trading stock revenue assets that occur in the context of a business restructure.

Possible CGT exemption for startup investors

Possible CGT exemption for startup investors

A spokesperson for Treasurer Scott Morrison has confirmed that the government will consider abolishing the Capital Gains Tax on investments in startup companies.  The policy was proposed by back-bencher David Coleman as a way of encouraging investment in innovation.

Tax Concessions for Small Business and Startups

Tax Concessions for Small Business and Startups

On the 26th of August, the first of the proposed legislative changes were passed by the Federal Government to begin the implementation of its 2015 budget package for Small Businesses and Start ups.

Small business update: Good news for small business

Small business update: Good news for small business

There have been a number of legal developments in the small business sector which should be welcomed as wins for small business operators.  This alert provides a summary of three of those developments that are particularly relevant following the Australian Competition and Consumer Commission’s release of its Small Business in Focus report for the six months to June 2015.

Federal Budget 2015: Small Business and Startups

Federal Budget 2015: Small Business and Startups

The Federal Government has announced as part of its 2015 Federal Budget, a $5.5 billion package for business which is aimed to encourage entrepreneurship, growth and the creation of jobs. Small Business, being entities that that have an annual turnover of less than $2 million, make up 90 percent of incorporated business and have been the winners in the 2015 Budget.