Buying a new business can be exciting and full of opportunity for a purchaser. The main expense is of course the purchase price, but there are also other ‘hidden’ immediate costs of the transaction. It is crucial to take note and budget for these costs before signing a contract. Transfer Duty Transfer Duty (also ‘stamp…

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There is significant movement in the franchisee and franchisor space at the moment with franchisors being held increasingly accountable for the actions of franchisees and for failing to adhere to certain requirements under the Franchising Code of Conduct. In May of this year, the Australian Competition and Consumer Commission (ACCC) fired a warning shot at…

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Why franchise a business? Franchising a business can be a very profitable way of expanding a successful existing business. Many well-known brands such as McDonalds, Domino’s Pizza, have used franchising to finance and accelerate their growth from local businesses into leading global brands,

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