We offer fixed and capped fee services and packages. Our services include:-
- Buying or selling a businesses;
- Business start ups;
- Buying or selling commercial property;
- Partnership and shareholder agreements;
- Business advice;
- Employment contracts;
- Terms of trade agreements;
- Website terms and conditions.
We don’t charge by the hour. Most of our services and packages are offered to you at a fixed or capped fee.
Turbo Legal is enabled to deliver fast, reliable and cost effective legal services to businesses throughout Queensland.
The practice director, Darin Draper is a solicitor and certified practising accountant who has assisted hundreds of small business owners and operators since 2002 when he established one of the first multi-disciplinary professional services practices in Queensland.
Entering into a lease (Queensland only)
Mandatory legal and financial advice.
If your lease is a retail shop lease in Queensland then you will be required to meet the requirements of the Retail Shop Leases Act 1994.
The requirements of the retail shop leases act include the requirement to make and receive certain disclosures in relation to the lease.
It is also a requirement to obtain a Legal Advice Certificate and a Financial Advice Certificate.
How we can assist tenants.
- provide the legal advice certificate required under the Retail Shop Leases Act 1994;
- assist to meet the disclosure requirements under the Retail Shop Leases Act 1994;
- review and advise on the terms of a lease;
- negotiate the terms of a lease;
- exercise an option to renew a lease;
- assist to assign a lease;
- assist to surrender your lease;
- attend to registration of a lease and other dealings on the title of the land.
How we can assist landlords.
- lease preparation;
- assist to meet disclosure requirements required the Retail Shop Leases Act 1994;
- extensions and variations of the lease;
- enforcement of landlord’s rights under the lease;
- registration of a lease and other dealings on the title of the land.
Starting a business
The practice director, Darin Draper is a solicitor and certified practicing accountant with extensive experience in accounting, taxation, and business law.
How we can assist with your business start-up.
- review and advise on legal documents (for example, lease documents);
- advise on appropriate legal structure for the business (for example, sole trader, partnership, company, or trust);
- assist in setting up the legal structure;
- assist with due diligence before purchasing or starting a business;
- assist with Australian Business Register (ABR) registrations including Australian business number, tax file number, goods and services tax, and PAYG withholding;
- prepare employment contracts;
- prepare terms of trade agreements;
- prepare website terms and conditions.
Setting up a company or a trust
Setting up a company or trust is as easy as filling out a few forms however it requires extensive experience and expertise to properly determine which structure is appropriate in your circumstances.
The following alternative legal structures might be considered:
- discretionary trust;
- unit trust;
- hybrid trust;
- limited partnership;
- sole trader.
The alternatives should be considered in the context of tax minimisation, asset protection, and succession planning.
To assist you to choose the most suitable legal structure we will consider your current circumstances and future plans in some detail. It is not a case of one size fits all.
Our practice director Darin Draper is a solicitor and certified practising accountant with extensive experience in taxation and in the set-up of legal structures.
Buying a business (Queensland only)
Any financial investment requires a thorough evaluation of the risks and likely returns. This could not be more true than in the case of a proposed acquisition of a business.
The importance of conducting thorough financial and legal due diligence cannot be overstated however in practice, due diligence is often overlooked or avoided because of its time-consuming and costly nature.
A business decision is only as good as the information upon which the decision is based otherwise everything is left to chance. Your due diligence investigations reveal the information upon which your decision is based.
Buying a business requires the assistance of professionals including accountants, and solicitors.
The degree and extent of due diligence undertaken will partly depend on the amount to be invested. The greater the purchase price, the more extensive the due diligence. However, doing less due diligence on a lower value business does not make the investment in a lower value business less risky.
Our practice director Darin Draper is a certified practising accountant and solicitor. He has extensive experience in the legal, financial and taxation aspects of business acquisitions.
What are the steps in a business purchase:
Step 1 – Obtain copies of financial statements and other relevant documents in order to form a judgement as to likely value of the business. You will require the assistance of your accountant in this regard. Consider whether a specialist business valuation should be obtained.
Step 2 – Indicate your readiness to make an offer and request a draft contract from the seller. It is normally the seller’s solicitor who drafts the contract.
Step 3 – Seek advice from Turbo Legal in relation to the terms of the draft contract. We would normally recommend the inclusion of an appropriate due diligence provision to facilitate a thorough and careful evaluation of the business.
Step 4 – Establish an appropriate business structure and applicable registrations before executing the contract of sale.
Step 5 – Conduct due diligence enquiries in participation with your preferred professional advisers such as your accountant and financial planner.
Step 6 – Complete the contract on the date stipulated and commence trading.
Selling a business (Queensland only)
Turbo Legal offers fixed and capped fee services and packages to assist you to sell your business that include negotiation, drafting, and completion of the business sale contract.
What are the steps in a business sale:
Step 1 – Enter into a confidentiality agreement with the prospective buyer to ensure that any information disclosed during the negotiation phase will remain confidential.
Step 2 – Obtain copies of financial statements and other relevant documents to be provided to a prospective buyer. Consider whether a specialist business valuation should be obtained.
Step 3 – Seek appropriate financial, taxation, and succession planning advice in relation to the proposed sale.
Step 4 – When the prospective buyer has indicated a readiness to make an offer then a draft contract is prepared. It is normally the seller’s solicitor who drafts the contract.
Step 5 – Execute the contract of sale and assist the buyer to conduct its due diligence enquiries (if applicable).
Step 6 – Take necessary steps to assign the lease (if applicable).
Step 7 – Complete contract on the date stipulated.
Our practice director Darin Draper is a solicitor and certified practising accountant. He has extensive experience in all aspects of small business from the start-up phase to the wind up phase.
Turbo Legal aims to build permanent and long-lasting relationships with its clients. Over time we will acquire an thorough knowledge and understanding of your business and your goals which means better and more effective advice.
Many small business decisions especially those involving transactions, have taxation implications. Our extensive experience in taxation is a unique selling proposition to our small business clients.
Contact us now for a free no obligation consultation.