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When must a director disclose a financial interest?

08 February 2022

Being a director in a company does not necessarily stop you from holding shares in other companies. However, should your... company transact with another company in which you have a shareholding stake and from which you could potentially benefit, it becomes important that you disclose such financial interest to your co-directors, even if you can’t influence the transaction.

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309
Article
The liability of company directors

04 October 2018

A friend of mine has a good business concept and he has asked me to come on board as a... partner. He wants to set up a company and make both of us directors in the company. I want to be part of the business but I’m not sure about being a director and what my liability may be?

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237
Article
When do you have to appoint an auditor for your company?

10 September 2018

I’ve just started my own private IT company. As a new business, I want to limit unnecessary expenses. I know... there will be accounting costs but am not sure if I already have to appoint an auditor for the business. I would like to avoid this cost if I can?

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166
Article
When does my family trust terminate?

08 August 2018

I have established a family trust for estate planning purposes to make sure my children are looked after when I... pass away. I was wondering though if the trust can be terminated after my death, and if so, when? I wouldn’t like all my planning to be for nothing because the trust just ended.

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179
Article
My company is going under - what is my personal exposure?

08 August 2018

My wife and I are the sole shareholders and directors of our family company. We’ve had a few good years,... but with the current economic times, despite our best efforts to keep the company afloat, it doesn’t look like the company is going to make it. For the first time this reality has hit us and we are both worried that the company’s creditors will come after us and take our home and savings. Can they do this?

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181
Article
The benefits of investing in venture capital companies

12 July 2018

A business colleague recently chatted to me about an investment he made in what he called a venture capital company... and how he was not only investing in local companies but was also receiving substantial tax benefits for doing so. What is a VCC and can you really get tax benefits for investing in such companies?

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223
Article

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