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Things are constantly changing in life and in business and for business owners, it’s imperative that these changes are reflected in your legal documents. The start of a new year is a great time to have a look at which things may have changed in your business and to make sure your important documents are up to date.

In this episode, I discuss some common areas where things change in business which can easily be overlooked. I touch on areas such as business structure and how any change to your service offering needs to be updated in your terms and conditions. I talk about changes with employees, insurance needs and explain how business legals not only keep you protected but also help to establish clear expectations between you and your clients. 

Having everything up to date and clearly laid out in your business legals will help nurture a positive client experience and give you peace of mind knowing that you have something solid to rely on when any hiccups arise in the future.

LINKS:

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicitor

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Happy new year! It’s often a very exciting time of the year for people deciding to launch a brand new business. Off the back of a refreshing break with time to focus on what’s ahead, business owners can be tempted to dive in headfirst with excitement. Enthusiasm is great, however, there are some important planning steps that also need to be taken to ensure the business continues to thrive.

In this episode, I share 5 key things for business owners to get sorted now during the exciting time to avoid any unnecessary pitfalls in the future. I discuss the importance of sorting out your business structure, deciding on your business name and of course, getting your legals tailored to suit your business without the use of templates.  I also share why you’ll never regret getting your accountant onboard and how organising the boring things such as licences and insurances need to be done straight away.

For more information on business legals and why they are so vital for your business, check out Episode 4 of my podcast where I discuss these in more detail.


LINKS:

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicitor

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Welcome to the final episode for Season 1 of my podcast. It’s hard to believe it’s nearly Christmas. 2020 has certainly been a year unlike any of us expected.  A lot of small business owners were able to pivot, grow and thrive this year but sadly, others were forced to close their doors altogether. In this episode, I share my takeaways from the year and my top tips for what I think small business owners should focus on as they move into 2021.

I go through some points to consider and place at the top of your 2021 to-do list, such as reviewing your business structure, updating your vital legal documents and making sure your partnership agreements and contracts are up to date.

Now is the time to pause, regroup and plan for the year to come. As I’ve said before, prevention is better than cure and I share my thoughts on what small business owners should prioritise moving into the new year.  Don’t let the new year be impacted by something that was preventable with a little bit of prioritising and planning.

LINKS:

Website: tmsolicitor.com.au

Instagram: https://www.instagram.com/tmsolicitor/

Facebook: https://www.facebook.com/traceymylecharanesolicitor

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Small businesses have been under a lot of pressure this year and one topic that has come up a lot with my clients is the area of commercial leasing. In this episode, I discuss the key things to be aware of before entering into a commercial lease. This will be particularly helpful for small business owners who haven’t entered into a commercial lease before.

I discuss the importance of obtaining and reading both the Disclosure Statement and the Lease Agreement, which are the two key documents when entering into a commercial lease. I go through the vital components you need to understand including the terms of the lease, the rent payable, the security options, your obligation to make good and the importance of being clear on your exit strategy.

As always, surrounding yourself with the right advisers to give you proper legal advice will put you in the best position moving forward.  When you do this, you can rest assured you will enter into a lease agreement on terms that are fair, lawful and beneficial to your business.

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicitor

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More and more businesses are pivoting towards online trading and we are seeing online businesses come under increased scrutiny to ensure they are complying with their legal obligations.  This makes it all the more vital for small businesses to make sure their legal documents are in place and that they are tailored to suit their specific business.

In this episode, I discuss the legal documents required by eCommerce businesses. I talk about Website Terms and Conditions, what they are and why they are vital for any small business to have.  I outline what a Privacy Policy does and answer common questions I get asked about each document.

There is no substitute for peace of mind when running a business. Knowing that you are meeting your legal obligations by having your correct documents in place will do just that.  Proper Website Terms and Conditions and an adequate Privacy Policy will help diffuse any disputes that may arise in the future.

LINKS:

Website: tmsolicitor.com.au

Instagram: https://www.instagram.com/tmsolicitor/

Facebook: https://www.facebook.com/traceymylecharanesolicit

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In previous episodes, I’ve talked a lot about Business Legals and why it’s so critical to get them tailored to suit your unique business.  In today’s episode, I dive deeper into one aspect of the Business Legal framework to talk about Business Terms and Conditions and the Australian Consumer Law.  I’ll be focussing on service-based businesses for this episode but will dedicate a future episode to eCommerce businesses a little later in the season.

I break down in simple terms what the Australian Consumer Law is, who it applies to and I share 3 key points that summarise the main objectives of the law. I discuss why getting your Business Terms and Conditions right is vital and share an overview of the things small businesses need to comply with in terms of standards, safety and fairness.

We don’t know what we don’t know but understanding your obligations is critical if you want to avoid reputational damage and financial consequences if you don’t comply. This is why surrounding yourself with a team of experts who know the ins and outs of the law is one of the wisest decisions you could make in your business.

LINKS:

Website: tmsolicitor.com.au

Instagram: https://www.instagram.com/tmsolicitor/

Facebook: https://www.facebook.com/traceymylecharanesolicitor

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I get asked a lot of questions about Business Legals. What are they? Do I need them? Do I need a lawyer to help me?  I answer these questions and more in this episode as I talk about Business Legals and why they are the cornerstone of any small business.

In this podcast, I discuss the most common Business Legals, what your suite of Business Legals will do for your business and why I don’t recommend business owners to use templates or attempt to create them on their own.  As I always say, DIY is for Bunnings, not for your legals.

I run through the four-step process I work through when tailoring Business Legals for my clients and why they are so important for your business.  I also share a real-life example of one of my clients who entered into an unnecessary dispute, losing time, money and her client, leaving neither party happy with the outcome.  It all could have been avoided if her Business Legals were in place.

Prevention is far better than cure and the risk of not having Business Legals is considerable.  However, with a beautiful set of highly tailored legals to suit your business, you can move forward with confidence knowing that your business is covering all the necessary bases.


LINKS:

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicitor

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One of the first things you need to think about when setting up your business is which business structure you will operate under.  This is also relevant when your business is undergoing change, such as more employees, higher volume of goods and larger profit to name a few.

There are several options for business structure and in this episode I share some key areas for you to think about when determining the right one for your unique situation.  I touch on operating as a sole trader, corporate entity and partnership and some of the distinguishing features of each structure.  I share some insight on points to consider such as the long term vision of your business, your personal liability and the flexibility you wish to have moving forward.

Although changing your business structure down the track is doable, by getting it right at the start you’ll be doing yourself a great favour and avoid some potential headaches in the future.  

LINKS:

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicito

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Running a small business can be exciting but also challenging, stressful and sometimes overwhelming. There is a lot of information to take in. Often the people who come to me for advice are looking to find out exactly what it is they need to know and where to get started.  

In this episode, I share some key areas that you should be mindful of and taking care of in your small business.  I touch on things such as business structure, the documentation of business partnerships and shareholder agreements, debt management and business terms and conditions.  I also discuss getting your business legals in order, which I believe is one of the most important aspects of running a small business.

We don’t know what we don’t know and my job is all about making it easier for business owners like you to understand what needs to be done and when.  This episode will shed some light on the areas you need to think about to reduce misunderstandings and avoid disputes down the track.

LINKS:

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicito

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Welcome to the very first episode of my podcast, Rise Up in Business.  As the name suggests, this podcast is all about cutting to the core of boring and complicated legal information and conveying it in such a way that empowers business owners like you to rise up and take control in their business.

In this episode, I share from my background practising in litigation and dispute resolution and discuss why I started my own business without the traditional expectations and conventions of a law practise.  

I partner with my clients, equipping them with the tools they need to run their business with the understanding that prevention is better than cure. My intention for this podcast is to extend that knowledge to you. I’ll be discussing topics such as risk mitigation, strategy and how to be clever and proactive to avoid needing a lawyer like me down the track. Stay tuned for more episodes coming your way soon.

LINKS:

Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/

Facebook:https://www.facebook.com/traceymylecharanesolicitor