Today on StartupSmart, we highlight an area that can get overlooked in the rush to start and build a business – who actually owns shares in your business.
Under a company structure, it’s likely that you hold shares in your business. The share structure may appear inconsequential in the early days, but any sudden change in equity can have tax implications.
As business advisory expert Greg Hayes explains, a sudden sale of shares or unexpected events such as death and divorce can severely alter your business’ make-up. He has some top tips on how to keep on top of who owns what.
Elsewhere, we have news of SmartCompany’s fifth annual Smart50 awards, which were presented in Melbourne last night, and mentor Martin Nally has some advice on how to handle staff absences.
