Business News

Thu Feb 27

Having a mentor is a must to take your business to the next level

Written by Media Release

Kerstyn Walsh will have the chance to meet her business mentor, LA-based wedding planner to the stars, Lisa Vorce, which will be game-changing for growing Kerstyn’s business

Kerstyn Walsh, a self-employed business owner and founder of renowned Australian wedding planning service, Hire A Bridesmaid, has been announced as RedZed’s Meet the Master competition winner. She will have the opportunity to meet her LA-based business hero, award-winning wedding planning guru, Lisa Vorce, in June this year.

RedZed’s annual Meet the Master competition gives one self-employed Australian the chance to meet their business mentor, anywhere in the world, giving them the unique opportunity to learn from their business hero.

Miss Walsh has attended more than 150 ceremonies, both in Australia and overseas, and has carved out a niche as the country’s one-and-only professional bridesmaid. Meeting her business mentor will mark a turning point for her professionally as she aims to learn more about wedding styling, the resilience needed to run large scale weddings globally with a small team and continuing to focus on her self-development.

Walsh says: “I am a huge advocate for mentorship and in hindsight, I wish that I had a mentor who had been in a similar position, especially in the early days of running my business. While my friends and family were supportive there was no one around me that had ever run their own business.”

She adds: “That’s why I’m so thrilled to have the opportunity to meet with Lisa and gain invaluable insights from her successful business journey. Lisa is a true tour-de-force and is the wedding planner to the stars, having styled Chrissy Teigen and John Legend’s wedding in Lake Como, Italy.”

Evan Dwyer, RedZed’s founder and Managing Director, says: “RedZed’s primary focus is helping self-employed Australians succeed. As a lender to the self-employed, we believe in the importance of mentoring and have seen the benefits it has on self-development and business growth.”

Dwyer adds: “That’s why we created the Meet the Master competition, giving the winning business owner the chance to meet their business hero anywhere in the world. Starting up is one challenge but scaling up is harder. This is where a mentor can really add value and the opportunity to meet the best is a great gift for us to share.”

Meanwhile, the runners-up in the RedZed Meet the Master competition include: Elizabeth Kelly, Elkprints; Belinda Hellyer, Brewed by Belinda; Sean Tran, SHHORN; Jessie Rosenberg, Breathe Bondi; and Seonaidh Murphy, BigBiteEco.

About RedZed

RedZed Lending Solutions is an Australian owned and operated lender, specialising in solutions for the self-employed. We operate exclusively in Australia, offering a broad range of specialist lending products. Founded in 2006, we pride ourselves on assisting self-employed customers with different needs. We work with a hand-picked selection of introducers, chosen for their skill, experience and ability to provide first class service to customers. https://redzed.com/

About Meet the Master

RedZed’s annual Meet the Master competition, gives one small business owner the chance to meet their business hero, anywhere in the world. The “Master” is the business person in your industry that you believe would be the best mentor, and tell us how you think this Master could help your business continue to succeed and potentially grow. Previous winners have included Kel Grant, from The Pines Micro-Dairy, and inaugural winner Chad Griffin, owner of Stoke n Smoke BBQ.

Wed Feb 26

Is Hiring a Corporate Lawyer for Your Company Necessary?

Written by Joe Curmi

Alternative online legal services like LegalZoom, Incfile, and Rocket Lawyer provides young and budding entrepreneurs access to legal help at a much affordable price without having to hire or meet a lawyer in person. This and the enormous amount of self-help articles online makes it seem easier to DIY things than to ask a lawyer for help, or does it?

Corporate lawyers’ responsibilities can be different. Some corporate lawyers work for themselves or for a huge firm, while others are hired as an in-house legal counsel. Other than sit in conference rooms for 45-90 minutes during the day, corporate lawyers actually spend a lot of their time heavy lifting: writing briefs, researching, drafting legal documents such as employment contracts and company code of conduct, keeping and photocopying legal documents, and even support or train your in-house HR team.

Many consider leasing lawyers last, but finding the right lawyer is going to save you from headaches in the future. For example, corporate lawyers can connect you with patent or real estate attorneys that can help you prevent legal hurdles in the future- things that online legal services won’t detect for you in your first billing statement. It would also be helpful if you, as a business owner, had knowledge of the introduction to business law. This way, you will have an overview of U.S. laws and understand how these laws, rules, regulations, and ethical standards permeate every area of your business.

Leasing lawyers specialize in providing legal advice and guidance to clients involved in leasing agreements for commercial and residential properties.

It’s true that online legal services provide adequate forms and information, but it’s always the nitty-gritty parts in between that would need the help of a legal counsel. To name a few, these are the key business initiatives you can only undertake with the help of a corporate lawyer.

• Determine the best business structure for you and which state law to use.

You can easily file your business registration online using the templates and forms provided by many online platforms. However, before getting any registration form, you will need the help of a corporate lawyer to decide the best business structure you should apply for.

You need someone who has the experience and the business acumen to understand whether an LLC, single proprietorship, corporation, LLLP, LLP, etc. should be what you’re ought to apply for based on your needs or situation.

Moreover, each state has its own business registration and licensing requirements. Others prefer to build their LLC in Delaware and Nevada because it’s relatively cheap there, but it has repercussions that you definitely want to avoid, and that’s where a corporate lawyer could be of great help to you. Also check out leasing lawyers

• Prepare documents to properly set up the company and review the corporate statutes and regulations to ensure compliance.

As mentioned, lawyers have to draft legal documents, make sure it’s flawless, give it to a proofreader, and have it cross-examined by another lawyer, usually a partner. Documents include articles of incorporation, bylaws, agreements (operating, voting, and buy and sell).

• Advise and review company transactions like contracts, leases, loans, employment agreements, etc.

• Review documents and issues in mergers or acquisitions to make sure current contracts comply.

Mergers and acquisitions require a specialized team to work on all the structures of an offer, including formulating and defending bids. Lawyers at Steinepreis Paganin Perth work with the in-house team and their own corporate advisory team in creating bid strategies, making sure everything in the contract complies, especially on complex bids and hostile situations.

• Provide advice on risk management and perform due diligence.

Due diligence involves a lot of research and re-checking of documents to make sure there aren’t nasty surprises along the way. Moreover, business laws change every now and then, keeping up with these changes would be so much easier with a corporate lawyer.

Risk management applies when you want to try and take advantage of loopholes or gray areas in the law that your competitors are already doing. Corporate lawyers can provide you advice about how you can minimize the risk while staying compliant with the law.

• Provide advice on employee issues such as sexual harassment complaints.

Sexual harassment is one of the most common complaints in the workplace. A corporate lawyer can provide advice to your HR on situations like this or they can help settle the matter within the organization before it blows off and damages your reputation.

• Find possible security issues and initiate resolution.

• Provide guidance and assistance when you want to sell stocks.

• Help with litigation when it happens.

Conclusion:

A corporate lawyer’s role is not limited to drafting legal documents or negotiating employee contracts. They are business advisors and can provide you with vital information about what can and can’t be done in your business pursuits. Corporate lawyers provide alternatives that are lawfully compliant to help you achieve the same goals while avoiding legal issues along the way.

Most importantly, dealing with law is not always something you can DIY. You can’t skip 7-years’ worth of law education with a few videos and self-help articles overnight.