Think Hard Before Giving Personal Guarantees
If you’re planning on borrowing money for business purposes or even signing a lease for a commercial property, the bank may ask you to give a personal guarantee. What this means is that you sign a guarantee so that if your business fails to make payments on your debts, the [...]
The Importance of Proper Due Diligence on a New Business
Do you really know what the term ‘due diligence’ means? In its most basic form, due diligence is simply the process by which you investigate a business in order to determine if it’s really as good a deal as it was presented to be. For example, you may see a [...]
Impact of the Royal Commission on Lending to Agriculture
The final report from the Royal Commission is due out in February 2019. The full impact (or fallout) will filter through sometime after this, as the banks fully digest the ramifications of the final report. My view is that if your business has high levels of equity and is able [...]
Long Term Investing
Most people understand the objective of investing money: the end result is to generate a profit. The rate of return you receive for investing your cash into a particular investment vehicle is heavily dependent on the type of investment, plus the inherent risk associated with the opportunity. “Long term investing” [...]
Power of Attorney and Guardianship and why they are important
Having an Enduring Power of Attorney and Guardianship appointed in a legal document is something that everyone should consider. Power of Attorney In general the Power of Attorney allows you to appoint someone to take care of your financial affairs while you are still alive on your behalf. This is [...]