• Ask questions, find the right answers and access the best expertise
  • Q&A - expert advice

Business & Leasing Finance

Latest Questions

Susanne J.
Susanne J.
Kallangur, QLD
1 Likes
0 Followers
Q:

Hi
I am a Director and co-founder of a small start up business. My business partner and I hold the shares 55 to 45 (me). My business partner is the Managing Director and invests 20 hours+ each week operationally. I invest around 5 hours. My question pertains to how to best capture the Directors' lost time in a business without revenue at this stage. Should we come up with a seperate agreement to pay out once profitable or journal in balance sheet?

3 months ago
Steven G.
Steven G.
Fairfield, VIC
1 Likes
0 Followers
Q:

Hello,
I'm a small business owner / sole director about to purchase a $50k vehicle for business purposes. I will be driving approx. 10,000 business kilometers per year across the 5 year finance contract.
I have two questions relating to tax implications:
1. Should I go Chattel Mortgage or Lease?
2. Should I purchase vehicle through my company or my own name (both business finance)
Thanks

7 months ago
Jarrod G.
Jarrod G.
Berwick, VIC
2 Likes
0 Followers
Q:

I am a Director of a growing small business and have a mutual agreement with my partner to buy him out at the end of this calendar year. It's a reasonably significant amount, so will need to borrow the money. What's the best way to go about this? Can I borrow the money through the business or do I do it personally? Both my personal and business financials are quite sound.

10 months ago
More