Having the right business structure is important for the operation of your business; for the future growth and direction of your business; for asset protection, and for tax reasons (we don’t talk tax though, so that’s one for you to raise with your accountant!). It’s important for small business owners to understand their options when it comes to business structures and to know what can happen in practical terms when they don't have the right business structure for their business.

When it comes to what small business owners can do to protect their businesses? What do small business owners need to know, and need to do, to get their ducks in a row and protect the business they’re building?

If you have decided that it is time to start that business you’ve been thinking about - congratulations! This may be one of the best things you ever do—if you do it properly.

When small business owners think about up-leveling in business or reaching the next stage of growth, more often than not business and mindset coaches come to mind.

Here at TM Solicitor we are Australian business lawyers who focus on providing small business legal expertise to our clients because we love it; we’re good at it, and it’s our passion.

As a small business owner, there is so much to do. You wear all the hats; do all the things, and if you’re not careful you can end up on the hamster wheel going around and around, and around (you get the drift).

I didn’t have aspirations when I was young to become a small business lawyer. I wanted to become a criminal defence lawyer and save the world one client at a time. Fast forward to now, I’ve practiced in various areas of law, including criminal defence, and I have spent time teaching law, too.

Are you hooked on podcasts?

Podcasts can be such a valuable and easy way to learn from business professionals in a range of areas that are helpful and relevant to small business owners. We have put together the following list of podcasts that we find to be packed with value for small business owners.

“How much does a lawyer cost” is something that gets asked a lot. Any rightly so. As business owners, we all need to plan expenses, and we need to know that our spending fits within our budget.

But how do you get an accurate gauge on what the real cost of an Australian business lawyer really is?

Clever use of technology in a small business can be the difference between running a smooth operation (like a well-oiled machine!) or a fly-by-the-seat-of-your-pants and hope for the best style of business. Take a look at some of the most common tech tools that I see used amongst my colleagues and clients (and several that I use myself). This technology can help by streamlining, systemising, automating, and securing data.

The reality is that there is so much to do when starting your new business. There is so much to know, and let’s be honest, there’s so much we don’t know! Here are my tips for what to focus on when starting your new business and how to keep business costs down early on.

As a business owner, it can be a struggle to manage all the things we have to do in a day. For me, I tend to fall victim to overwhelm fairly easily, so it is so important that I have a structure that works for me, and that I stick to, to help me with the daily juggle.