STRATEGIC REVIEW
where is your business heading?

The economic outlook has been quiet for the past year. For survival, cost efficiency and profitability we suggest you review the following matters:

1. Structure
   It may be that your existing business or farm operates in a structure which does not reflect the flexibilities or cost/benefits that are now open to you e.g. double taxation has now ended and if you are operating privately or in partnership, you could consider incorporation. This confers benefits and ownership, control and transferability, as well as providing an economic and structured vehicle for financing.
2. Debt
   If you are under economic pressure, you may wish to restructure your debt. More appropriate financing arrangements can often be made by determining the need for flexibility in interest rates, repayment of principal, further advances and the provision of security.
   
   You must consider carefully what security is to be offered. Assets whether business, land, stock, crops, forestry, fishing or income have to be treated, so as not to affect your continuing profitability or operation of the enterprise.
3. Financial Planning
   Business owners have found that the capital base on which their long term security depends has substantially diminished e.g. farmers can no longer rely on the value of their land for long term superannuation. Financial planning is no longer something only for the wealthy. It is vitally important for anyone in business today to inflation proof your capital income; control your tax bills; minimise investment risks; and protect assets from creditors.
4. Legal Requirements
   It is important that business people understand the various statues and regulations that apply to the operation. Our firm offers ongoing care of your business.
   
   We refer to matters such as:

• Retention of title to goods supplied and not paid for - Romalpa clause
• Checking leases e.g. Renewal Rights and Other Conditions
• Obligations of company directors
• Estate Planning and Creditor Protection
• Reviewing business insurances and loan facilities.

 

5. Mutual Help
   If you have been happy with the help that we have given you, and we hope that this is always the case, please tell your friends about us. We plan to give an efficient, reasonably priced, friendly service. You and your friends may appreciate the carparking so convenient to the office. We are anxious to help you and provide our services to you for your greatest benefit at the minimum cost. If you plan carefully what you need from us, including writing down the information that you will give us, it will save time and consequently reduce your costs. It also helps because information written down tends to be more accurate.
6. Conclusion
   Our objective for 2011 is to create value for our business clients by providing a complete legal package building on the skill and experience of our solicitors.

Helping you is our practice®

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