NEW SUPER HEADACHES FOR SMES
Small business operators will be burdened with additional administrative challenges if not prepared for the new Quarterly Superannuation Guarantee which takes effect on 1 July 2003, cautioned Scott Doyle, Managing Director of ADP Employer Services.
REPRESENTATIONS AND WARRANTIES
With almost all sales of businesses, a vendor will endeavour to present the business in the most positive manner and as a consequence, will make certain representations in order to encourage a purchaser’s interest. These
DID YOU HEAR THE ONE ABOUT THE BUYER THAT WALKS INTO THE PHARMACY AND MAKES AN OFFER?
If a buyer enters your pharmacy and asks whether you are interested in selling, what then?
LEGAL DUE DILIGENCE IN PHARMACY TRANSACTIONS
It is common to see in almost all contracts for pharmacy business sales a clause making the sale conditional upon a satisfactory financial due diligence exercise being carried out by the purchaser’s accountant. As a
BANNER GROUP MEMBER AGREEMENTS – BE WARY
It is now a standard occurrence when joining a large banner group that pharmacists are being asked to sign formal ‘member agreements’ which are not only lengthy and complex documents, but are legally binding upon
RESTRAINTS OF TRADE IN PHARMACY SALES
As with most business sales, the giving of restraints of trade by a vendor pharmacist is an important aspect of transferring the business goodwill to the purchaser. However, many would be surprised to know that
TAX EFFECTIVE WILLS
A will is only part of Estate Planning. One wants to organise their affairs in a way to minimise cost, tax and stamp duties so as to maximise the Estate. As assets may be held
PHARMACY RELOCATION
Numerous pharmacists are asking questions relating to the relocation rules or new number approvals for pharmacy. These queries have increased considerably in the past 12 months as sale prices for pharmacies have continued to remain
BENCHMARKING AND WHY YOU NEED IT
The term benchmarking has been heard a great deal in business circles in recent years, but it’s not some fancy new process. Benchmarking is simply the process of measuring yourself against others to identify how
BUSINESS SUCCESSION PLANNING AND PARTNERSHIP AGREEMENTS
As the owner of an established pharmacy business are you at a stage in life where you are considering winding down your working hours? And are you having difficulty in attracting and securing quality employee