Advisme

What's one thing that almost every impact entrepreneur struggles with? Understanding your legal obligations!

We get it - wrapping your head around all things legal can be tough...

That's why we've partnered with our friends at Impact Hub Waikato. On March 16th, our SME specialist Phil M will be joining them in their Inspiring Space... and you're invited!

This is your chance to connect one-on-one (in-person or virtually) with a legal expert, and receive advice tailored to your business.

Tickets are free for members and $15 for non-members. You can also attend virtually. Secure your place today: https://bit.ly/3i72X0m

Legal Tip Tuesday! Interested in buying a business but not sure where to start? One misconception is that you have to sign a formal contract for the sale and purchase of the business straight away. You can, but it’s common to explore a business opportunity by simply entering into a confidentiality agreement (a.k.a Non-Disclosure Agreement (“NDA”).

This means that a vendor can provide you with sensitive information about the business knowing it won’t go public or be used to compete with them. As a purchaser, you can have a closer look at the business and negotiate the price. An NDA can be one-way (where only the vendor is giving the sensitive information) or mutual (where both parties are providing information). Have a look at our free resources to get you started, including a Business Purchase Guide and Non-Disclosure Agreement here: https://bit.ly/3zNOH3Z

Fieldays is a popular event for many here in the Waikato that kicks off tomorrow, a four day event finishing up on 19 June. If you’re heading there, here’s a few helpful tips that you’ll need to know!

Transport: find out everything you need to know about getting to the event, driving and parking here: https://bit.ly/3pS2VfL

Read some tips about precautions you can take to help prevent the spread of Covid-19 at the event here: https://bit.ly/3vyhbvz

Still haven’t got your tickets? Grab them here: https://bit.ly/2Ttkp5Z

Have any more questions? You’ll likely be able to find them in the FAQ’s here: https://bit.ly/2RTBmGf

The recent separation of Bill and Melinda Gates has brought to light a globally growing trend towards later-in-life divorce. Fortunately, the separation process in New Zealand is a lot more straightforward than it is in the USA, however it's important to know that seeking legal advice early in the separation process results in lower costs in the long run.

Our team discuss the separation process in our latest article below.

https://bit.ly/2Qqj6DO

Legal Tip Tuesday! As you may have heard, the bright-line test has been extended from 5 years to 10 years. It applies to all residential property, other than a main dwelling and if a property is sold within 10 years of owning it, any capital gain is taxable. This means that when parties separate, the bright-line test does not apply to the main family home, but it may apply to any investment properties or a holiday home.

Find out if the bright-line test affects you by reading our latest article at the link below.

https://bit.ly/3vyuZ9w