Mitigating Risk Strategies For SMEs

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Cognition LLP

Business Economy & Finance

Mitigating Legal Hotspots On the Road to Growth and Expansion FEI SME Conference November 10, 2011

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Questions ? Joe Milstone ( [email_address] )

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You put a lot of time, money and effort into your business and brand. Why not make sure you’re setting them up for success? This seminar will help you: (i) identify and protect your unique intellectual property; (ii) understand the importance of knowing what’s in your contracts; and (iii) learn how to protect your company’s website. This lunch and learn is for any business owner, brand owner or anyone who wants to understand ways to protect their brands and businesses and avoid legal troubles. You will get practical and actionable steps you can take back to the office. What you don’t know can cost you!

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The strategic management of intellectual property assets can give SMEs a proprietary market lead, improve their competitive positioning and enhance their enterprise value. It is, therefore, important that small businesses have a proactive approach to stimulate the creation and management of their IP assets. Learn the basics of Intellectual Property (IP) for your small business and how to protect and leverage your IP assets for business success. This session will remove the mystique around patents, trade-marks and copyright and explore how you secure them and what they might cost.

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1 Legal Issues for Managers: 2007GIR Lecture 9 (Week 10) Module 3 (Part 2): The Law of Business Associations Law of Agency & Law of Partnership 1 Administration Ensure that you check the announcements on [email protected] ([email protected]) and your marks in My Marks. You should now have your Mid-Semester Exam marks available in My Marks. If you want genuine feedback (not simply checking your grade as they have been scanned), you can see your exam papers this week during the times provided on [email protected] course site. A time will also be made available for the Deferred Mid-Semester Exams when we have received them back from scanning. A notice about the time, date & place of the Deferred Mid-Semester Exam is now available on the course website. IF you want to do well on the FINAL EXAM, in addition to making a genuine effort on the ASSIGNMENT continue practising your ILACs before you attend your seminars, add a few notes to your answers, download the seminar slides and try to attempt the answer again on your own. If you did not have a satisfactory answer, see your tutor in consultation and bring along your ILAC homework attempts. This is the most effective way to prepare for the Final Exam. 2 2 Recap of Last Week The Law of Companies/Corporations Summary The essential characteristics of a ‘company’ and why they are important. The different types of business structures available, in particular companies, and when can they be used to meet the needs of business & society. The main duties imposed upon the directors of a company. The concepts of insolvency and insider trading. The way companies can be wound-up. Quick Question: The Corporations Act 2001 (Cth) prohibits trading in shares with the advantage of information that is not publicly available. This offence is also known as …………………………… and is prohibited by section .......... 3 3 Business Structures BUSINESS STRUCTURES Sole Trader Partnership Joint Venture Incorporated Associations Trust Company Proprietary Company Public Company Large Small 4 Seek the advice of a good accountant & lawyer when considering what form of business structure you may want to set-up. The main consideration should be liability – Not taxation. Thus, this message applies to today’s lecture and next weeks! Strategic planning is the key to business success. 44% of businesses fail in the first 3 years Failing to plan, is planning to fail! See separate mind-map on the types of companies in those lecture slides when available http://www.business.gov.au/business- ...

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