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Recent News

Illegal Business Sale Contracts

A contract to do something illegal or to do something legal for an illegal purpose is generally invalid. Illegal businesses are usually obviously so and a business broker may be excused from thinking this is not an issue for them. However, it is important to...

Testimonials

Company Director, Brisbane

Starting a business can be very challenging, not to mention stressful and demanding on time.  We had to navigate our way through processes and requirements including; contracts, terms and conditions, other legal requirements and the list goes on.  read more…

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Advertising and Lying

Advertising is all about putting your business in the best possible light. While a certain degree of creativity is essential to this process, you could be fined if your ads tell lies or misleading people. read more…

Lease Agreements – Important things to consider

A lease agreement is a contract which applies when one party (the lessee) pays another party (the lessor) a specified sum of money in return for the use of an asset. The asset may be real property, in which case the lease agreement may be referred to as a rental agreement. In other cases the asset may be some other asset, such as equipment, machinery or appliances. read more…

Death and Business

As the saying goes, the only things that are certain in this life are death and taxes. One day, you will move on from this mortal world and all that you have will stay behind, including your business. You need to consider how your business will function without you.

Think you’ll get around to making the necessary arrangements before you die?

We urge you not to postpone this important task any longer. We will all pass away one day but no-one can predict exactly when that day will arrive for them. The sooner you decide on what should happen to your property, including your share of the business, the sooner you will be protected.

Do not leave it until it’s too late, as these people did:

All of a company’s directors and shareholders, otherwise known as husband and wife, were killed in a car accident.  Neither had made any provisions for what was to happen to their stake in the company after they died. The loved ones they left behind had to apply to court just so new management could be elected to keep the business going (Re Noel Tedman Holdings Pty Ltd [1967] Qd R 56).

Reader’s Tip

Business owners should make provisions in their wills and have an Enduring Power of Attorney for when they can no longer manage the business due to death or incapacity. We can prepare a detailed will and Enduring Power of Attorney for you to address this situation because business is the last thing bereaved families want to spend time and money sorting out.

Joe Kafrouni
Legal Practitioner Director
Kafrouni Lawyers

Disclaimer

The information provided by Kafrouni Lawyers is intended to provide general information and is not legal advice or a substitute for it. Business people should always consult their own legal advisors to discuss their particular circumstances. Kafrouni Lawyers makes no warranties or representations regarding the information and exclude any liability which may arise as a result of the use of this information. This information is the copyright of Kafrouni Lawyers.

Liability limited by a scheme approved under professional standards legislation.

Leadership

Our firm is led by Joe Kafrouni, with over twenty years' experience in law. Joe is a Queensland Law Society Accredited Specialist in business law. “I am driven to help my clients succeed."

Expertise

We are business law specialists focused on the smaller end of town - SME, private and family companies only. We help business people start, buy, grow and exit businesses and solve business disputes.

Where We See Our Clients

We are based at:

Newstead: Level 2, Lobby 1, Gasworks Plaza, 76 Skyring Terrace, Newstead, Qld, 4006.

Parking: 2 hours free parking available at Newstead offices.

Our office is only one option – we are not attached to them. Here is how we regularly meet our clients. Tell us what suits you.

Contact us at:

Kafrouni Lawyers

Kafrouni Lawyers Level 36 Riparian Plaza 71 Eagle Street, Brisbane, Qld 4000 Phone (07) 3121 3177 Fax: (07) 3121 3157