There are four main structures to choose from: sole trader status, a partnership, a proprietary limited company, and a proprietary limited company as trustee for a trust (whether a discretionary trust or a unit trust).
Each year storms, hail and heavy rain cause tens of millions of dollars’ worth of property damage and injuries to people; not to mention the emotional anxiety experienced from witnessing your livelihood and belongings in ruin.
From Thursday, Australians will no longer need operators’ certificates and remote pilot licences to commercially fly drones weighing less than 2kg.
Australian SMEs are leaving themselves unnecessarily exposed to the risk of “fatal business disruption”, according to a survey from accounting and advisory group Bentleys.
Even the most effective anti-malware programs don’t protect against all the different threats to our systems. It’s hardly surprising.
Credit and debit card surcharges will soon be subject to limits under new laws that aim to prevent merchants charging excessive fees when accepting card payments.
Risks and roles will change as professionals experience upheaval equivalent to the Industrial Revolution, QBE Insurance Australia Head of Professional Lines Jill Stewart says.
The insurance sector must be better prepared for a climate-induced financial crisis hitting the global economy, economist and former politician John Hewson says.
Expensive lawsuits can arise from dissatisfied clients anytime, even through no fault of yours. So if you’re providing professional advice or services, insurance to protect your exposure to Professional Risks is essential.
Endeavour Energy has settled a class action led by IAG over a 2013 bushfire in the Blue Mountains.
The suit, which was filed by William Roberts Lawyers, acting for IAG, was settled for $4 million.