As the Coronavirus (COVID-19) continues to spread across Australia its impact on commercial arrangements is a serious concern for landlords and tenants alike. The mandatory closure of licensed premises and various quarantining measures have resulted in landlords and tenants discovering that their commercial and retail lease agreements do not deal with unprecedented events like COVID-19. Force majeure clauses in leases are rare to find and rent abatement clauses are generally

SALE OF SHARES V SALE OF BUSINESS There are two ways to buy a business: Buy the Company (or more accurately the shares in the Company that operates the business); or Buy the Business (being the assets of the business owned by the Company or other legal entity). Each option has its own pros and cons, and really depends on the type of business being operated (some business licences cannot

ELECTRONIC STORAGE OF COMPANY “BOOKS” As we have seen the development of technology take over in all forms of life, it seems that one area that many companies still lag behind in the electronic storage of its own corporate records. Records such as registers, recorded information, financial reports, financial records and documents can all be kept electronically (including in the cloud), albeit with some compliance requirements. These types of records

PREPARING YOUR BUSINESS FOR SALE Selling a business can be one of the biggest decisions you make. However, once you have decided to sell, there are several important things that you should consider before listing the business on the open market to ensure that your business sells at optimal value. Business Financials  The most important thing in preparing a business for sale is getting the financials of the business in