BLB News

Share Transfer Procedures

18/08/2008

Shareholders of small and medium size companies need to stay alert to the procedures and requirements which must be followed when they want to transfer or sell their shares. Failure to follow the necessary procedures – whether such procedures are required because of the Corporations Act, the company’s constitution or an applicable shareholders agreement – can cause a misguided shareholder considerable grief and lead to disputes between shareholders.

Speed Kills When Acquiring a Client Base

18/08/2008

As a frequent adviser to buyers and sellers of financial planning and accounting practices we are often asked to assist with the negotiation of the contract for sale. One issue stands above all others in such agreements and that is how and how quickly the seller will be able to transfer their client base to the buyer.

SMSFs represent 25% of total super assets

18/08/2008

Latest figures indicate that about 25% of total super assets are held in SMSFs. Approximately $300b is held in SMSFs while the total Australian super assets are about $1.2 trillion.

What is catching the ATO’s attention?

18/08/2008

The Tax Commissioner has recently stated that loans by SMSFs were a major area of concern. About 30% of SMSF audit cases involved loan investments made by SMSFs...

Don’t Get Short Changed on the Terms of your Testamentary Trust

18/08/2008

A testamentary trust is simply a trust created under a Will. Traditionally such a trust has been a fixed trust so that a certain sum or proportion of the deceased’s estate is held on trust for the beneficiary.