The TY News

Do I Need A JP Or A Notary Public?
27.06.2022

Most of us have been in the position at one time or another through our lives where we needed important documents authenticated.

Sometimes this authentication process needs to be done by a Justice of the Peace (JP), and other times it will need to be done by a notary public, like TY Lawyers in Chatswood.


Good Debt Recovery Habits and Practices
20.06.2022

As a small business, it’s always advisable to set your business up with good debt management habits from the outset. No one wants to resort to hiring a debt recovery lawyer or litigation lawyer in Chatswood if they can help it, but in some instances, you may find you need to.

There are measures you can put in place to help prevent this from happening which we are going to discuss today.


Staying Abreast Of Corporate Compliance
13.06.2022

Running a business is not just about providing a product or service and selling it. Unfortunately it’s just not that simple these days!

It’s important for all businesses to have a trusted commercial law firm, like TY Lawyers in Chatswood.


The Digital Data Age For Business
06.06.2022

Although the digital age has absolutely transformed the business landscape and the opportunities it presents, what about the negative aspects of digital business practices?

Things like data leaks and compromised privacy are real fears of consumers in a digital economy.


What’s A ‘Business Prenup’ & Do I Need One?
30.05.2022

Are you starting a business or looking to introduce a partnership to your existing business?

If so, it would be wise to consider investing in a business ‘prenuptial’ agreement, prepared by a commercial law firm in Chatswood, before you jump on in.


Common Conveyancing Questions
23.05.2022

Conveyancing and property lawyers, who can be also known as conveyancing and property solicitors, provide different levels of assistance in the process of buying or selling in the real estate market.

You could be in the market to purchase a property or some land, or you might be considering selling property you own.


Debt Recovery: How To Recover Your Money After Judgment (NSW)
16.05.2022

What happens if a debtor doesn’t pay you back what’s owed, even after a court rules that they must?

Last week, we discussed the formal steps involved in the debt recovery process.

So what do you do if you find yourself at the point where you've followed this process, a court has ruled that the monies owed must be paid back to you, but still, the debtor does not pay?


The Debt Recovery Process (NSW)
09.05.2022

At one stage or another, every commercial business is going to come across someone who doesn’t want to, or can’t pay for a product or service you’ve provided, for whatever reason.

Like any situation, open communication should always be the first step when trying to resolve an issue, so talking to the person or business that has a debt outstanding with you, should be your first port of call.


Common Types of Business Lawsuits – Part 2
02.05.2022

Last week we discussed some of the common types of commercial lawsuits you may encounter as a business owner.

Even if you do act ethically, it doesn’t mean you’ll avoid all lawsuits, as you could be the one who needs to file one against another business for something they’ve done or how they’ve acted within a commercial environment.


Common Types of Business Lawsuits – Part 1
25.04.2022

When conducting business, it’s important to remember to carry out your commercial business dealings in an ethical, fair and legal way.

That way, you can help avoid potential legal pitfalls or commercial lawsuits against your business.

It’s one thing to know that you run your business in an ethical manner to avoid any issues, but what about the flipside?


What To Do If My Company Is Being Sued
18.04.2022

No one wants to be caught in the position of their company being sued.

Facing a lawsuit is generally not the type of thing anyone likes to focus on, but what happens if your company is being sued or threatened with legal action - do you know where you stand?


Important Roles in Wills & Estates – Who Do You Need To Appoint?
11.04.2022

Although it’s not something most of us like to focus on, it is something we should be allocating time to complete – a will.

Planning for what happens to your assets and personal belongings when you pass away is necessary and really important as we all want our loved ones to be looked after and taken care of.

Not only that, no one wants their loved ones questioning what we would’ve wanted to do in specific situations or with certain items. Unless you write things down and record it, generally other family members won’t entirely know what your wishes are – unless of course they’re a mind reader!


How To Contest A Will in NSW
04.04.2022

It can feel very unfair if you are left out of a will when you think you should have been included.

Not only is it a sad time losing a loved one, but if you’ve then also been excluded from an inheritance when you thought you wouldn’t be, it can be very hard to process it all.

Questions around ‘why’ and ‘how’ often come up and we’re sometimes left wondering with no answer, as the person whose will it is, has since passed away.

If you find yourself in a position where you believe you’re entitled to a part or all of an inheritance, it’s a good idea to obtain legal advice from a lawyer who specialises in this area – a Will Lawyer or an Estate Lawyer.


Guide To Selling Your Property
28.03.2022

Perhaps you’ve decided that it’s time to upgrade, downsize or even make a complete sea change from your current residence.

If you own your own home, being informed and prepared with what you need to do is extremely important to ensure a smooth and successful sale outcome.

So what are the keys steps you need to factor in when selling your property?


Common Business Law Myths – Busted!
21.03.2022

As a business owner, it’s important to have business objectives like aspiring to turning a profit. But what about the legal aspects of your business, and knowing what rights you and your company have? 

Have you ever been put into a position where you don’t really know where you stand legally in a commercial dispute? It’s not something many business owners often consider, unless they end up having a legal issue to attend to.


What Do I Need To Know If I’m A First Home Buyer?
14.03.2022

It can be overwhelming if you’re in the property market for the first time and perhaps you’d like some more info on things you need to know if you’re a first home buyer. 

You could be thinking about things like stamp duty requirements, the first home owners grant or further information on conveyancing and property contracts. 

There’s certainly a lot that needs to be considered and it helps to do some research and understand your obligations.


How To Prepare For Court (NSW)
07.03.2022

Going to court can be a nerve wracking experience, especially if you’ve never been a part of a court case before. 

What they show in the movies and soap operas, isn’t always the best gauge as to what to expect when going to court! 

Whether you’re the one pursuing a civil case or defending yourself, it is always beneficial to be organised and prepared – that way, you put yourself in the best position for your case and there will be less surprises during courtroom proceedings.


What To Expect With A Litigation Case (NSW)
28.02.2022

Perhaps you have a litigation case coming up. You may have chosen to start civil proceedings against a person or a company for multiple reasons, or you may be opposing a case against you. 

Have you ever wondered what happens in a litigation civil case and what to expect?


When Would I Need A Notary Service?
21.02.2022

Notary Services exist to prevent fraud and protect people’s identities and belongings. 

A Notary Public performs many important duties: 

  • authenticates a person’s identity when signing a document
  • verifies the authenticity of a document
  • witnesses a person signing a document
  • certifies true copies of documents
  • verifies documents to be used abroad

The Ins and Outs of Commercial Leasing and Subleasing
14.02.2022

When a commercial property lease is set up, it’s usually for a number of years with the option of extending at the end of the lease agreement. They can be long term and not very flexible. 

So what happens when a primary tenant of a commercial space wants to bring in another tenant under their existing lease? This type of set up is called a sublease, or a sublet.


How A Commercial Lawyer Can Help You In Business
07.02.2022

When it comes to running a business, you may not completely understand all the legalities of common business activities such as contracts, leases or taxes.

That’s where a commercial lawyer can assist you. If you’ve ever wondered why you might need a commercial lawyer in your business endeavours, they can be there to assist companies and small businesses with their legal needs.

 


Can An Executor Of A Will Be A Beneficiary Also?
31.01.2022

Writing your personal Will is a vital exercise, especially as you start to get older. When you graduate school, embark on tertiary studies and move into a working career, you ultimately will start to accumulate wealth, other assets and potentially property or land along the way. Having a Will written is your opportunity to plan for yours and your family’s future.


Buying Property in Australia Whilst Located Overseas
24.01.2022

You might have wondered if you are able to buy property in Australia if you are overseas. You could be interested in permanently moving to Australia from overseas, or potentially be stuck overseas due to covid restrictions or lockdowns where you’re visiting and need to purchase whilst you’re away.

There are many different scenarios to consider, however there are ways you can get yourself that piece of land or property purchase even if you’re not currently in Australia.


What is the Difference between a Joint Tenant and a Tenant in Common?
17.01.2022

Ever heard of a ‘Joint Tenant’ or a ‘Tenant in Common’? You might be wondering what they actually mean and how they differ from one another. Although they sound similar, the terms Joint Tenant and Tenant in Common are two different concepts.

Both terms directly relate to two or more people and their ownership of land or a building. However there are several differences between these two terms which we will discuss. These terms are really important to understand if you are considering going into part-ownership with another person for a commercial or residential property.


Recovering Debt with a Letter of Demand
10.01.2022

Running a business would be bliss if everything ran like clockwork with happy employees, fulfilling work and clients who paid on time every time. However, in reality, this may not be true all of the time. 


Is Starting A Small Business A Your New Year's Resolution?
03.01.2022

If you have been reading the news, a wave starting in the USA will soon hit our shores, the wave called The Great Resignation. Millions of people worldwide voluntarily call time out on their jobs, a hangover from the pandemic. Many are downsizing their careers for a fuller work-life balance or choosing to work for themselves instead. 


Overcoming the ‘Legalese’ Language Barrier
27.12.2021

According to the Cambridge dictionary, legalese is a language used by lawyers and legal documents that is difficult for ordinary people to understand. 'Legalese' is filled with legal terminology and academic words, phrasing and terms best for completing court documentation or filing official legal letters primarily read by other legal professionals.  


How Lawyers Assist You Negotiate a Commercial Lease
20.12.2021

It’s been a tough year for retail in Sydney. With the pandemic restrictions and lockdown, many retailers, big and small, have had to close their doors. Many landlords have been lenient with rent; others have added an extra year to leases if tenants are unable to pay rent during the pandemic years of 2020-2021. One thing is certain; the retail landscape has forever changed.


Restructuring Your Investment Property Before 31 December
13.12.2021

A couple of years ago, our director and solicitor, Ivan Hung, was enjoying a family holiday on a cruise ship for Christmas. Sailing away from Sydney, with only a satellite for internet connection, it was a blissful time to revive, rejuvenate and reconnect with family. The serenity changed when he received an urgent phone call from a client who realised that he had two days to avoid paying more than $10K in land tax for a home he resides in but purchased through a family trust.


Why Hire a Conveyancing Property Lawyer?
07.12.2021

Congratulations on purchasing your new home! After spending countless weekends going to open houses and participating in auctions, you’ve made the successful bid and settlement can begin.


5 Legal Tips to Protect Your Business
01.12.2021

Are you scaling your business from being your side hustle to your primary source of income?

If you are one of the many entrepreneurs who started a side hustle during the pandemic to see it become your main source of income, then there are a few legal essentials that can help protect your growing business.


What does a conveyancer do?
16.06.2021

If you have ever bought or sold a property, you will know that the process can sometimes feel overwhelming and stressful with a number of legal matters to think about as well. Fortunately, when it comes to property conveyancing, we can help. 


What is commercial litigation?
20.05.2021

Commercial litigation is a complex area of the law and is a process that is often necessary when business disputes cannot be settled through negotiations alone. So, what kind of disputes can a commercial litigator resolve?


First Home Owners Grant
07.12.2020

Getting into the property market can be a difficult task, especially with rising property prices. Rising property prices over the past decade have made it increasingly more difficult for first home buyers to get a foot in the door, when it comes to the property market.


What is Due Diligence?
28.10.2020

Often when there is a transaction under process, due diligence in Australia refers to the process of ethically and adequately completing the transaction.


Essential Steps to Starting a Small Business
30.09.2020

Do you have a business idea you want to bring to life by opening up your own small business? Starting a business will test your abilities, initiatives, strengths and weaknesses, problem-solving skills and capacity to work.


What is a Business Structure
01.09.2020

Deciding on a business structure is one of the key decisions you will have to make when opening up a new business. The structure of a business depends on the size, type of business and growth. 


What is Business Debt Recovery?
06.07.2020

Are you sick of chasing unpaid debts? Most businesses have been here and it can be very frustrating chasing down accounts who haven’t paid on time. Especially since your business’s cash flow and profitability may suffer.


What is defamation?
16.06.2020

Under Australian law, both individuals and businesses are protected from defamatory comments; both written and verbal defamation. If a comment about a person or entity is seen to sabotage their reputation in the eyes of the public, then it is seen as defamatory. 


If Meditation Fails, What Next? Court?
12.03.2020

Mediation is a beneficial process that two parties, either commercial or civil enter to attempt to resolve a disputed issue, without involving legal proceedings. The process involves a third-party mediator who will help both parties and their attorneys come to a resolution.


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