In restructuring, the legal, ownership, financial and other such structures within the company are reorganised with the goal of making it more profitable or better organised for its current needs.
It is also a corporate management action in which the structure of the company is significantly modified for the purpose of eliminating financial setbacks, such as debt or insolvency.
Trusts
A trust is a structure set up through a trust deed wherein a trustee holds and manages property for the benefit of the beneficiaries. The trustee – who may be an individual or a company – is legally liable for the debts of the trust. Since setting up a trust can be expensive and incredibly complex, being advised by reliable lawyers is recommended. The Mercantile Legal team of solicitors will be happy to assist you.
Business
Encompassing all laws that dictate how to set up and run a business, business law can be tricky and requires keen insight. Our law firm in Melbourne and Sydney consists of experienced lawyers who will be able to uncomplicate this matter for you, offering legal services such as debt recovery, probate and conveyancing, amongst others.
Partnerships
A partnership is a business association between two persons, in which “persons” can include individuals, companies and corporations. Each partner controls shares of the business operation as well as the organisation’s profits. The creation, organisation and dissolution of partnerships are governed by state laws.
Joint Venture Agreements
A Joint Venture Agreement is when two or more persons or entities plan to manage a project instead of a long-term business. Each will manually share the profit or loss when the project ends. Our team of solicitors will assist you in creating a well-crafted formal Joint Venture Agreement, which would aid in minimising the liabilities of the co-venturers.
Restructuring
Restructuring is a corporate management action in which the structure of the company is modified for the purpose of eliminating financial setbacks, such as debt or insolvency.
Asset Protection
Our team of solicitors will help create and maintain a set of legal strategies to shield your personal and business assets from legal forfeitures. Mercantile Legal understands that not every strategy is suited for for everyone, and so we will help you understand the risks that apply to your particular circumstance.
Company Set Up
Find out the fundamentals of establishing a company and create a set of legal documents required by law for your company to be operational. Mercantile Legal will be with you every step of the way.
Planning
Let our team of solicitors assist you in planning and maintaining a productive business by creating an organisational structure that will work for you.
Licensing
Having a license means you have been given approval to perform an activity or operation, and it can protect your business and employees. We at Mercantile Legal, one of the trusted law firms in Melbourne and Sydney, will assist you in the licensing needs of your company which depend on the nature of your business.
Franchising
Franchising allows one business to operate under the trading name of another’s established brand. Franchising, as with any business decisions, must be properly and carefully considered, which is why consulting with a reliable, competent lawyer is highly advised.
Incorporated Associations
An incorporated association is a registered legal entity typically established for recreational, cultural, or charitable purposes. Profits cannot be distributed amongst its members and must instead be applied to the goals of the association. Consult with our solicitors if establishing an incorporated association is in your best interest, and if you wish to find out how to proceed.