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ARTICLE · 14 AUGUST 2011

6 tips for business owners

Six legal tips to protect and promote the opportunities of your business.

AustraliaCorporate/Commercial Law

1. Evaluate opportunities

Before embarking on a new venture, starting a new business or adding a new group to your existing business you should test your new opportunity by using an evaluation model.  We see too many people with a business idea, who neglect to undertake basic research and due diligence.  Do not make this mistake.  Preparation is the key to success.

2. Watch out for non-compete restrictions

If you are considering leaving your current job to set up a business in the same industry, you should take care to ensure that you are not in breach of the terms of your employment agreement.  Anything you create while you are still employed may belong to your employer.

3. Protect your assets

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