Interfamily Loans- When is it a gift and when is it a loan?

Interfamily Loans- When is it a gift and when is it a loan?

As a result of the Royal Commission into banking a few years ago, the banks tightened their lending to customers. Since this time, we have seen a rise in the number of parents lending money to their children to assist their children with the purchase of real estate...
Shareholder Agreements – Do I need one?

Shareholder Agreements – Do I need one?

Shareholder Agreements – do I need one? You may be starting a new business or have already commenced operations and wish to formalise the relationship between the respective business owners. If you use or intend to use a company structure to own and operate your...
‘Binding’ Financial Agreements – Why They Might Not Be So Binding

‘Binding’ Financial Agreements – Why They Might Not Be So Binding

In recent times, we have seen more couples inquire about entering into pre-nuptial agreements before they take the big leap into marriage. These pre-nuptial agreements are colloquially known as “Binding Financial Agreements” or “BFAs” for short. DID YOU KNOW? BFA’s...