We need to take notice of a quotation from Barack Obama who referred to the lack of empathy demonstrated in our community. He spoke of the need to ‘cultivate a sense of empathy’ by ‘putting yourself in other peoples shoes….see the world from their eyes’. Such a philosophy is one that we as lawyers need
Business owners may be familiar with some of the operational structures that they can choose to run their business, such as sole trader, partnership or a company structure. A trust arrangement is another business structure that you may wish to consider. A client recently asked our business team if a trust would be advantageous for
It is common as a business expands for a company to borrow funds for technology upgrades, enter into a lease for property and apply for financing for equipment. In those instances, company directors are asked to sign a guarantee. Many directors have signed a number of guarantees before and so this step is often considered
Among the many duties of a company director, you have a duty to avoid insolvent trading. The team at Snedden Hall & Gallop explain the need to understand your company's financial position. It is your duty, as a company director, to maintain a sound knowledge of the company's finances and, in particular, to know whether
Becoming a director of a company is as easy as signing a few forms. But the duties and responsibilities that underpin that role are reason to pause and reflect on what's involved. A well-known but little-understood duty of directors is to maintain a sound knowledge of the company's finances and, in particular, to know whether
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