Commercial Lawyers in Elimbah

It is workable until it is not. Without a written agreement, entitlements are determined by general legal principles, evidence of what was said years ago, and how contributions can be proved, which is exactly the position you do not want to be in during a separation, an illness or an estate administration. A partnership or family business agreement recording contributions, drawings and exit terms is comparatively inexpensive and settles those questions in advance. This is general information about how the law works, not advice about your arrangement.

Probably worth reviewing. As income and equipment grow, so does liability exposure, and a sole-trader structure leaves personally held and jointly held property behind the business. But restructuring has duty and tax consequences, particularly where land is involved, so it should not be done reflexively. We look at turnover, plant, who else is involved and how the land is held, then advise on whether a change is justified. The duty and tax questions go to your accountant or the Australian Taxation Office.

Yes, in two directions. Personally, you carry the debt regardless of what the business earns, and the lender may hold security over property you own jointly with someone else. Commercially, plant owned personally but used by an entity creates confusion on sale, insurance and succession. We review the finance and security documents and the position on the Personal Property Securities Register, and advise on how the plant should be held going forward.

No. Catton Roderick services Elimbah from its Caboolture office at Unit 3, 9 East Street, Caboolture QLD 4510, a short drive south, open Monday to Friday, 9:00am to 5:00pm. We also have offices at Level 1, 133 Redcliffe Parade, Redcliffe and at Regatta 1 Business Centre, 2 Innovation Pkwy, Birtinya. For a first appointment, bring title details, any finance agreements, and a note of who contributes what to the operation.

Yes, and briefly is enough. A short written agistment agreement should cover the fee and payment terms, the number and type of stock, who is responsible for feed, water, fencing and veterinary care, what happens if stock are injured or escape, insurance, and how either party ends the arrangement. Most agistment disputes turn on liability for animals and on unpaid fees, and both are avoidable with a one-page document.

Yes, and for family operations we recommend it. The most common failure is a business structure and a will that contradict each other, such as a will leaving the property to one child when the land is held jointly and passes automatically, or shares left to someone the partnership agreement does not permit. Preparing both together through our commercial and wills and estates teams avoids that outcome.